EstablishedCLM-0354 · checked 2026-10-23
MetaDAO launched in mid-November 2023 with an airdrop to about 65 people and a $10,000 treasury; its first proposal funded work on a liquid-staking bribe platform.[1][2]
Network polityOn-chain / algorithmic
MetaDAO (futarchy on Solana)
A Solana-based DAO that decides proposals through conditional pass/fail token markets instead of token votes. It launched in November 2023 and later built a launchpad whose project treasuries are governed the same way.
Online (Solana)
- Location
- Online (Solana)
- Operating since
- 2023
- Governance
- On-chain / algorithmic
- Legal status
- Not applicable
- Economy
- Market
- Autonomy level
- Program within an existing state
- Uses AI in governance
- No
MetaDAO launched in mid-November 2023 with an airdrop to about 65 people and a $10,000 treasury. Anyone can submit a proposal; once enough tokens are staked, two conditional markets (if passed, if failed) open. Trades revert if their condition is not met, and the proposal executes only if a time-weighted average price in the pass market beats the fail market by a set margin. Proposals have funded contributors, raised capital and, from 2025, released a launchpad for projects. Observers note thin trading, a manipulation incident in an early user DAO and concentrated participation.
Timeline
- Nov 2023MetaDAO launches with an airdrop to about 65 people and a treasury of $10,000. [S1]Established
- 2023Proposal 0 (fund an LST bribe platform; 3,000 META requested, 1,000 up front) passes; the 1,000 META is returned to the treasury by 1 December after Marinade develops a competing product.Established
- 2024Proposal 3, to raise $75,000 (of which $35,000 for META/USDC liquidity), passes by a wide margin although MetaDAO's founder Proph3t wanted it to fail. [S1]Established
- Mar 2025A proposal to release a launchpad for futarchy-governed DAOs passes in a market that ran from 26 February to 1 March. [S5]Established
Mechanisms in use
Outcomes & controversies
One of the first on-chain applications of futarchy. Markets have decided treasury spending, fundraising and launchpad rules; trading volume per proposal is often small.
Claims
EstablishedCLM-0355 · checked 2026-10-23
A proposal executes only if the token's time-weighted average price in the conditional pass market exceeds that in the fail market by a threshold; the original program's default was 5%, and a 2026 review of the docs cites 3% for outside proposals.[1][2]
EstablishedCLM-0356 · checked 2026-10-23
Markets have decided treasury grants, fundraising and, in 2025, whether to release a launchpad; MetaDAO's docs say project IP, funds and token minting are controlled by market-driven governance.[1][2][3]
EstablishedCLM-0357 · checked 2026-10-23
Thin markets are documented: a trader once gamed an early user DAO's average price by updating only the fail market, and the highest-volume decision market to date involved 60 unique wallets.[1][2][3]