Teleo Agents f91739b37b rio: extract from 2024-02-13-futardio-proposal-engage-in-50000-otc-trade-with-ben-hawkins.md

- Source: inbox/archive/2024-02-13-futardio-proposal-engage-in-50000-otc-trade-with-ben-hawkins.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 3)

Pentagon-Agent: Rio <HEADLESS>

2026-03-12 07:39:21 +00:00

1.9 KiB

Raw Blame History

type	entity_type	name	domain	status	parent_entity	platform	proposer	proposal_url	proposal_date	resolution_date	category	summary	tracked_by	created
entity	decision_market	MetaDAO: Engage in $50,000 OTC Trade with Ben Hawkins	internet-finance	failed	metadao	futardio	Ben Hawkins	https://www.futard.io/proposal/US8j6iLf9GkokZbk89Bo1qnGBees5etv5sEfsfvCoZK	2024-02-13	2024-02-18	treasury	Ben Hawkins proposed to mint 1,500 META tokens at $33.33 per token in exchange for $50,000 USDC to MetaDAO treasury	rio	2026-03-11

MetaDAO: Engage in $50,000 OTC Trade with Ben Hawkins

Summary

Ben Hawkins proposed an over-the-counter trade where MetaDAO would mint 1,500 META tokens and send them to his address in exchange for $50,000 USDC to be deposited in MetaDAO's treasury. The implied price was $33.33 per META token. The proposal was rejected by the futarchy markets.

Market Data

Outcome: Failed
Proposer: Ben Hawkins
Proposal Account: US8j6iLf9GkokZbk89Bo1qnGBees5etv5sEfsfvCoZK
Proposal Number: 6
Created: 2024-02-13
Completed: 2024-02-18
Ended: 2024-02-18
Price: $33.33 per META
Total Value: $50,000 USDC
Tokens Requested: 1,500 META

Significance

This proposal represents an early test of MetaDAO's futarchy-governed treasury management, where individual investors could propose OTC trades directly to the DAO. The market's rejection suggests either unfavorable pricing, insufficient liquidity needs, or concerns about the specific counterparty. This is one of several similar OTC proposals in MetaDAO's early governance history, including a parallel proposal with Pantera Capital that also failed.

Relationship to KB

metadao - treasury governance decision
futardio - platform where proposal was executed
metadao-otc-trade-pantera-capital - similar contemporaneous proposal that also failed

1.9 KiB Raw Blame History