m3taversal
d473b07080
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- What: Replaced the 15x oversubscription claim with corrected framing. Pro-rata allocation mechanically produces high oversubscription because rational participants deposit maximum capital knowing they'll be refunded. The ratio measures capital cycling, not mechanism quality. - Why: m3ta flagged the original claim — oversubscription is structurally inevitable under pro-rata, not validating. Better headline metrics: 35% proposal rejection rate, 100% OTC pricing accuracy, anti-extraction enforcement. 15x stays as evidence, stops being the headline. - Connections: Updated wiki links in metadao.md entity, solomon decision record, and capital concentration claim. Old file removed with replaces field in new file for traceability. Pentagon-Agent: Rio <244BA05F-3AA3-4079-8C59-6D68A77C76FE> |
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