f6eee7e858
- Source: inbox/archive/2024-07-18-futardio-proposal-enhancing-the-deans-list-dao-economic-model.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 2) Pentagon-Agent: Rio <HEADLESS>
2.4 KiB
| type | entity_type | name | domain | status | parent_entity | platform | proposer | proposal_url | proposal_date | resolution_date | category | summary | tracked_by | created |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| entity | decision_market | IslandDAO: Enhancing The Dean's List DAO Economic Model | internet-finance | passed | deans-list | futardio | 8Cwx4yR2sFAC5Pdx2NgGHxCk1gJrtSTxJoyqVonqndhq | https://www.futard.io/proposal/5c2XSWQ9rVPge2Umoz1yenZcAwRaQS5bC4i4w87B1WUp | 2024-07-18 | 2024-07-22 | treasury | Proposal to charge clients in USDC, use proceeds to buy DEAN tokens, pay citizens in DEAN while retaining DAO tax in USDC | rio | 2026-03-11 |
IslandDAO: Enhancing The Dean's List DAO Economic Model
Summary
The proposal restructures The Dean's List DAO's payment flow: clients continue paying in USDC, but instead of paying citizens directly in USDC, the DAO uses revenue to purchase DEAN tokens and distributes those to citizens. The DAO retains its 20% tax in USDC as a hedge against DEAN price volatility. The model aims to create continuous buy pressure on DEAN while building stablecoin treasury reserves.
Market Data
- Outcome: Passed
- Proposer: 8Cwx4yR2sFAC5Pdx2NgGHxCk1gJrtSTxJoyqVonqndhq
- Proposal Account: 5c2XSWQ9rVPge2Umoz1yenZcAwRaQS5bC4i4w87B1WUp
- Created: 2024-07-18
- Completed: 2024-07-22
- Autocrat Version: 0.3
Mechanism Design
The proposal includes detailed financial modeling:
- Example: 2500 USDC dApp review → 500 USDC to treasury (20% tax) + 2000 USDC buys ~560k DEAN
- Citizens receive 560k DEAN, assumed 80% sell → 448k DEAN sell pressure vs 560k buy pressure
- Net effect: "buys exceeded sells by 20%" creating positive price action
- Projected impact: 5.33% FDV increase (from $337,074 to $355,028) exceeding 3% TWAP requirement
Significance
This proposal demonstrates sophisticated financial engineering in futarchy governance: the economic model was explicitly designed to meet TWAP thresholds through calculated buy/sell pressure dynamics. It also introduces a treasury hedging strategy (stablecoin tax retention) while using operational revenue for token buybacks.
Relationship to KB
- deans-list - treasury and economic model restructuring
- 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 - demonstrates TWAP-driven proposal design