f1129c9f6e
- Source: inbox/archive/2025-11-07-futardio-proposal-meta-pow-the-ore-treasury-protocol.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 2) Pentagon-Agent: Rio <HEADLESS>
43 lines
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2.6 KiB
Markdown
43 lines
No EOL
2.6 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "COAL: Meta-PoW Treasury Protocol"
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domain: internet-finance
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status: passed
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parent_entity: "[[futardio]]"
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platform: "futardio"
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proposer: "coal project"
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proposal_url: "https://www.futard.io/proposal/G33HJH2J2zRqqcHZKMggkQurvqe1cmaDtfBz3hgmuuAg"
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proposal_date: 2025-11-07
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resolution_date: 2025-11-10
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category: "mechanism"
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summary: "Implements Meta-PoW economic model with deterministic ORE treasury accumulation through INGOT smelting fees and dynamic license-based supply throttle"
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tracked_by: rio
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created: 2026-03-11
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---
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# COAL: Meta-PoW Treasury Protocol
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## Summary
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The Meta-PoW proposal establishes a multi-token economic system for COAL that accumulates ORE in the treasury through mandatory smelting fees. Players burn COAL and pay ORE to create INGOT, which is required for crafting and repairing pickaxes (mining tools). The system includes a dynamic license fee c(y) that scales with COAL/ORE price ratio, creating automatic supply throttling without governance intervention. Tools are evergreen with 4% daily decay and cumulative repair costs, making maintenance cheaper than replacement and ensuring sustained INGOT demand.
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## Market Data
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- **Outcome:** Passed
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- **Proposer:** coal project
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- **Proposal Account:** G33HJH2J2zRqqcHZKMggkQurvqe1cmaDtfBz3hgmuuAg
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- **DAO Account:** 3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG
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- **Completed:** 2025-11-10
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## Mechanism Design
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- **Treasury Accumulation:** μ ORE per INGOT (calibrated at ~12.10 ORE), paid only at smelting
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- **Dynamic License:** c(y) = c0 * (y / y_ref)^3, where y = P_ORE / P_COAL (defaults: c0=200, y_ref=50, p=3)
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- **Tool Economics:** Daily repair ~0.082643 INGOT + 0.3 WOOD, 4% decay if skipped
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- **Target:** ~1 ORE/day treasury inflow per fully maintained pickaxe
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## Significance
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This proposal demonstrates futarchy governance of complex economic mechanisms beyond simple funding decisions. The multi-token system with dynamic pricing, decay mechanics, and deterministic treasury flows represents sophisticated protocol design coordinated through conditional markets. The proposal explicitly allows core team parameter adjustment based on community feedback, showing the boundary between futarchy approval and technical implementation.
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## Relationship to KB
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- [[futardio]] - governance decision
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- [[MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale]]
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- [[optimal governance requires mixing mechanisms because different decisions have different manipulation risk profiles]] |