We started collaborating with the @UniswapFND in late 2023. At the time, @unichain wasn't even a project. It's amazing to see @unichain reach $1B in TVL and become the place where teams like @euler and @RenzoProtocol go to design net new protocols. Time to share more about our

Memecoins are out and regulation can support traditional tokens again. Time to experiment? One idea pioneered by @MetaDAOProject is to extend the Nouns model. It creates 2 markets in response to every proposal: – "yes" market (if proposal passes) – "no" market Then everybody

I covered some of these use cases here: https://t.co/2HHWazbH3F

I agree with everything here except that v4 has failed in the task of crowding out v2 market share. Replacing v2 market share depends on the development of hooks that replicate the use cases that v2 is currently used for. Many pools are tied to specific issuance/incentives and

Today, I’m incredibly excited to make my first proposal to Uniswap governance on behalf of @Uniswap alongside @devinawalsh and @nkennethk This proposal turns on protocol fees and aligns incentives across the Uniswap ecosystem Uniswap has been my passion and singular focus for

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Ultimately, the most exciting thing here is that MetaDAO is a launchpad for projects that are here to stay and create value in the long run. We need more experiments that serve projects doing things the “hard way”.

I do think there’s a pretty wide design space to overcome both issues in the future. For one, I could imagine the community may start maintaining spreadsheet models with various assumptions as a way to build consensus in a more sophisticated way. The model could even create

Requiring token owners to assess and quantitatively compare two distinct outcomes may also be asking too much (compared to the simple yes/no model in existing governance which already leads to apathy).

There’s a risk that the futarchy market doesn't find a path that will increase the token valuation the most if the crowd experiences availability bias and doesn't appropriately account for the opportunity cost of any single proposal.

As we know from @nounsdao, decentralized decision making alone doesn't guarantee success. In fact it may inhibit it in many ways: slowing it down through requiring excessive transparency, leaking competitive strategies to the market, requiring a short-term focus, etc. Futarchy

As an angel investor who’s had their money partially refunded on a couple of investments that didn't work out, I understand that a partial loss when the Founders don't see the project succeeding is better than running the company into the ground. In MetaDAO’s case the mechanics

There are several concessions here: • The spending is clearly attributed; • The $50k is not a guaranteed amount but a budget depending on the actual spend; • $50k is a SMALL incremental amount (compare this with $15-75M grants we’ve seen). • The Founder commits to do a

Consider this market where the Founder of @omnipair proposed to increase the monthly allowance to hire additional team members and cover infrastructure costs:

MetaDAO isn't really appealing for scammers. First of all, there’s no team allocation on day 1 and the treasury (outside a monthly allowance) can only be spent via governance proposals. The best one could do is take some of the monthly allowance and stop working on the project

The voting itself happens by creating 2 different markets: one for the token price if the proposal passes and one on the price if the proposal fails. At any point you can get “bought out” by the other side if the proposal didn't go your way.

MetaDAO (Founded by @metaproph3t and @kollanhouse) aims to create a fast and reliable path to fund a long-term project: • Funders invest USDC during the launch; • If a sufficient amount of USDC is met (Kickstarter model), the token is launched and funders receive a supply 10M

@MetaDAOProject has a good summary of these issues (and others) in their Docs:

Unfortunately, as we pointed out in our article, this mechanism is also not bulletproof and without legal enforcement these incentives could prove insufficient:

Memecoin launchpads weren't the right model for serious projects. @bittensor improved on memecoin launchpads and created an issuance incentive for team leaders to continue working on their projects.