m3taversal
fdebd95137
New decision records with full proposal text for projects that previously had zero governance documentation in the KB. Omnipair (4): OMFG-001 through OMFG-004 Ranger (3): ICO launch + $2M buyback + contested liquidation Solomon (3): ICO launch ($102.9M committed) + DP-00001 + DP-00002 Loyal (3): ICO launch ($75.9M committed) + buyback + liquidity adjustment ZKLSOL (4): ICO launch + team burn + buyback + restructuring Umbra (3): ICO launch + security audits + mainnet expansion Futardio cult (3): ICO launch + omnibus (90% token burn) + liquidity pool Kyros (1): Burn 4.42M unclaimed airdrop Jito DAO (1): JTO Vault / TipRouter NCN (JIP-10) Marinade (1): SAM Bid Routing to MNDE Stakers (MIP.5) Pentagon-Agent: Rio <5551F5AF-0C5C-429F-8915-1FE74A00E019>
3.2 KiB
| type | entity_type | name | domain | status | parent_entity | platform | proposer | proposal_url | proposal_date | resolution_date | category | summary | tracked_by | created |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| decision | decision_market | Loyal: Liquidity Adjustment — Withdraw and Burn Meteora Pool Tokens | internet-finance | passed | loyal | futardio | Community members | https://www.metadao.fi/projects/loyal/proposal/GXdWao4Cy6EsvvS9atMb1kCPEAFwPXBe5kKCeLDtRJNm | 2025-12-23 | 2025-12-26 | treasury | Withdraw 90% of tokens from single-sided Meteora DAMM v2 pool and burn them to reduce circulating supply and selling pressure | rio | 2026-03-24 |
Loyal: Liquidity Adjustment — Withdraw and Burn Meteora Pool Tokens
Summary
Community-initiated proposal to withdraw 90% of LOYAL tokens (809,995) from the single-sided Meteora DAMM v2 pool and burn them. The pool created selling pressure without providing price support. Withdrew 90% (not 100%) to avoid visibility issues with Dexscreener and other apps that don't index the futarchyAMM pool. USDC withdrawn remains in treasury.
Market Data
- Outcome: Passed
- Proposal Account: GXdWao4Cy6EsvvS9atMb1kCPEAFwPXBe5kKCeLDtRJNm
- Duration: 2025-12-23 to ~2025-12-26
- Tokens Burned: 809,995 LOYAL
Significance
Demonstrates community-driven supply management through futarchy. The 90% withdrawal (not 100%) due to Dexscreener indexing limitations shows the practical constraints FaaS projects face when their primary liquidity is in futarchyAMM pools that aggregators don't yet support.
Relationship to KB
Full Proposal Text
Source: metadao.fi, tabled 2025-12-23. Authors: community members.
Type: Author(s): community members.
If passed, 90% of tokens remaining in the single-sided Meteora DAMM v2 pool will be withdrawn and burned. USDC withdrawn will remain in the project's treasury.
Motivation
As stated by the community members: The single-sided DAMM pool does not provide price support and creates unnecessary selling pressure. Withdrawing and burning the tokens would reduce the circulating supply and result in a better price.
Withdrawing the full liquidity and closing the position would cause visibility issues with some apps and Dexscreener as they don't index Futarchy AMM pool at the moment of writing. Therefore, we propose to withdraw 90% of the tokens in the pool.
Note from the MetaDAO team: If, at the time of execution, fewer than 809,995 LOYAL tokens are withdrawn from the Meteora pool, the SPL burn instruction will fail. To prevent that, 50% of the withdrawn tokens will be burned, and the remaining 50% will be held to be burned under a subsequent proposal.
Specification
- Pool address: BGg7WsK98rhqtTp2uSKMa2yETqgwShFAjyf1RmYqCF7n
- Total LOYAL amount: 809,995
Process
- Withdraw 809,995 LOYAL tokens remaining in the single-sided Meteora DAMM v2 pool.
- Execute SPL burn instruction.
Raw Data
- Proposal account:
GXdWao4Cy6EsvvS9atMb1kCPEAFwPXBe5kKCeLDtRJNm - Proposal number: 2
- DAO account:
GxpJkPEsPmuRCCTNnfZaDKg4X3gf4ZPgmqgFqtibaPtK - Proposer:
ELT1uRmtFvYP6WSrc4mCZaW7VVbcdkcKAj39aHSVCmwH - Autocrat version: 0.6