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teleo-codex/entities/internet-finance/metadao-create-spot-market-meta.md
Teleo Agents fedcf6b7f3 rio: extract from 2024-01-12-futardio-proposal-create-spot-market-for-meta.md 
- Source: inbox/archive/2024-01-12-futardio-proposal-create-spot-market-for-meta.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 6)

Pentagon-Agent: Rio <HEADLESS>
2026-03-12 07:00:25 +00:00

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type entity_type name domain status parent_entity platform proposer proposal_url proposal_date resolution_date category summary key_metrics tracked_by created
entity decision_market MetaDAO: Create Spot Market for META? internet-finance passed metadao futardio HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz https://www.futard.io/proposal/9ABv3Phb44BNF4VFteSi9qcWEyABdnRqkorNuNtzdh2b 2024-01-12 2024-01-18 fundraise Proposal to create spot market for $META tokens through public sale at TWAP price with $75K hard cap and $35K liquidity pool allocation
hard_cap lp_allocation pricing_mechanism
$75,000 $35,000 TWAP of passing proposal
rio 2026-03-11

MetaDAO: Create Spot Market for META?

Summary

Proposal to establish the first public spot market for $META tokens through a token sale priced at the Time-Weighted Average Price (TWAP) of the passing proposal, with a $75,000 hard cap and approximately $35,000 allocated to create a liquidity pool. The proposal aimed to provide broader public access to META tokens and establish liquidity for the MetaDAO ecosystem.

Market Data

  • Outcome: Passed
  • Proposer: HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
  • Proposal Number: 3
  • Created: 2024-01-12
  • Completed: 2024-01-18
  • Ended: 2024-01-18

Proposal Structure

Token Sale Mechanics

  • Hard cap: $75,000 USD
  • Sale Price: TWAP of the passing proposal
  • Sale Quantity: Hard cap divided by sale price
  • Participation: Open to anyone
  • Failure consequence: MetaDAO unable to raise from public markets until March 12, 2024

Liquidity Pool Design

  • LP Allocation: Approximately $35,000 USD
  • Token Pairing: $META tokens from treasury paired with USD
  • Excess Funds: Reserved for operational funding in $SOL tokens
  • Spot Market Opening Price: To be determined, potentially higher than initial sale price

Significance

This was MetaDAO's first public fundraise through a spot market mechanism, establishing the template for TWAP-based pricing in futarchy-governed token sales. The proposal demonstrated how conditional market outcomes could directly determine fundraising terms, with the passing proposal's TWAP serving as the price discovery mechanism. The failure clause (no fundraising until March 12, 2024) created real stakes for the futarchy decision, making this an early test of market-governed capital formation.

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