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- Source: inbox/archive/2024-02-20-futardio-proposal-develop-multi-option-proposals.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 2) Pentagon-Agent: Rio <HEADLESS>
47 lines
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2.9 KiB
Markdown
47 lines
No EOL
2.9 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "MetaDAO: Develop Multi-Option Proposals?"
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domain: internet-finance
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status: failed
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parent_entity: "[[metadao]]"
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platform: "futardio"
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proposer: "agrippa"
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proposal_url: "https://www.futard.io/proposal/J7dWFgSSuMg3BNZBAKYp3AD5D2yuaaLUmyKqvxBZgHht"
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proposal_date: 2024-02-20
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resolution_date: 2024-02-25
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category: "mechanism"
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summary: "Proposal to develop multi-modal proposal functionality allowing multiple mutually-exclusive outcomes beyond binary pass/fail"
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tracked_by: rio
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created: 2026-03-11
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---
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# MetaDAO: Develop Multi-Option Proposals?
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## Summary
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Proposal by agrippa to develop multi-modal proposal functionality for MetaDAO, extending the binary pass/fail structure to support N mutually-exclusive outcomes. Requested 200 META compensation across 4 milestones for building new conditional vault program, integrating with futarch, and frontend implementation. Proposal failed despite arguing for 12.1% value increase to the DAO.
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## Market Data
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- **Outcome:** Failed
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- **Proposer:** agrippa (99dZcXhrYgEmHeMKAb9ezPaBqgMdg1RjCGSfHa7BeQEX)
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- **Proposal Account:** J7dWFgSSuMg3BNZBAKYp3AD5D2yuaaLUmyKqvxBZgHht
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- **Created:** 2024-02-20
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- **Completed:** 2024-02-25
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- **Compensation Requested:** 200 META (50 META per milestone)
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- **Milestone Multisig:** 3/5 (Proph3t, DeanMachine, 0xNallok, LegalizeOnionFutures, sapphire)
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## Significance
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This proposal represents an early attempt to extend MetaDAO's futarchy mechanism beyond binary decisions. The failure is notable because:
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1. **Mechanism design ambition:** Multi-modal proposals would enable simultaneous evaluation of N alternatives (e.g., choosing among multiple grant applicants) rather than sequential binary votes
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2. **Pork barrel solution:** Proposer argued mandatory draft stage with permissionless alternatives would filter wasteful spending through market competition
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3. **Technical credibility:** Agrippa had strong credentials (led Realms frontend development, built first conditional tokens vault on Solana, met with Proph3t in Greece)
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4. **Value claim:** Estimated 12.1% value increase to DAO, requesting only 200 META (~1.4% dilution at time)
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The failure suggests either: (a) market skepticism about the value proposition, (b) concerns about execution risk, (c) other priorities taking precedence, or (d) insufficient liquidity/participation in the decision market. No public post-mortem explains the rejection.
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## Relationship to KB
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- [[metadao]] — governance mechanism evolution
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- [[MetaDAOs Autocrat program implements futarchy through conditional token markets where proposals create parallel pass and fail universes settled by time-weighted average price over a three-day window]] — proposed extension
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- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — complexity concerns
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- [[proph3t]] — consulted with proposer in Greece, December 2023 |