futarchy

noun

[foo-ta-ki]

Futarchy is a governance model that relies on market predictions to make decisions, where participants use prediction markets to bet on the outcomes of proposed policies, and the policy with the highest market confidence is implemented.

MetaDAO is the first protocol on Solana using futarchy to reshape governance

...even in a democracy the preferences of the average American appear to have only a minuscule, near-zero, statistically non-significant impact upon public policy -| Martin Gilens and Benjamin Page

Imagine instead of using presidents, CEOs, directors and all other forms of representative leadership we used a governance model that can be applied at it's best on a blockchain. DAOs allow a collective with similar visons to come together and create an organiztion owned by all its members with ownership represented by an on chain token. That sounds amazimg right?.. the only problem is DAOs have a few operational challenges. First, they mostly face vote apathy where most member are not incentived to vote and by that concentrating the voting power in the hands of a few, Expertise gap is another challenge, since all member are equal, non-expertise have equal voting power as experts...then there is also Sybil Attacks and coordination challenges. To fix this MetaDAO is pioneering an experiment on solana to use futarchy to run itself.

What is futarchy really?

Created by Professor Robin Hanson, Futarchy is a proposed governance system that aims to improve decision-making by harnessing the power of prediction markets. It envisions a structure where policies are judged based on their measurable outcomes. Participants in prediction markets buy and sell shares representing the likelihood of specific future events, such as the success of a proposed policy. Here is an example below

RESULTS

0 SOL

Conditional Vault Program

Handles the creation of conditional tokens, which are essential for simulating and reverting of trades, a key feature of Futarchy

TWAP Program

Provides a manipulation resistant way to measure the average price of tokens over time, used to determine the outcome of proposals

Autocrat Program

Orchestrates the futarchy processs by managing prosals, creating conditional vaults and executing decision based on market outcomes

META Token

META is at the center of the DAO it is the native token of the DAO used for decision making.

The MetaDAO

The DAO consists of 4 orchestrating components

Tap to explain

Proposals are the determinants of the MetaDAO's future

Anyone can submit an Improvement proposal

Improvement proposals, likely submitted by MetaDAO members, aim to enhance the DAO's functionality. These proposals could target anything from refining the voting system to choosing new investment strategies. By proposing and voting on these improvements, MetaDAO members can work together to optimize the DAO's structure and increase its chances of achieving its goals.

Each proposal voting period(trading) takes 10 days

Business projects are how the Meta-DAO converts financial capital into revenue-generating products. Business direct actions operate over those products, tweaking parameters in the pursuit of customer satisfaction and profitability. Operations projects and direct actions support the business, ensuring that the Meta-DAO has the right people and resources to create new products and manage existing ones.

In institutions there are roles, the same applies to MetaDAO.
In MetaDAO there are 3 roles

Enterpreneur

Analyst

Cyber-Agent

Remember, MetaDAOs are adaptable! The specific roles and responsibilities may evolve to best suit the DAO's specific mission and the talents of its members.

METADAO STATS

MetaDAO has been doing quite well since its launch in September 2023

The DAO stats have been very much on the green side with over 100% gain in participants in the last 2 months and a literal over 1800 percent token pump. MetaDAO is one of the fastest growing projects on Solana

14.4K

CIRC. SUPPLY

200+

PARTICIPANTS

1800%

META PRICE GROWTH