I think about this a lot. The business model of @MetaDAOProject is genuinely elegant.
Throughout the entire history of markets, one truth has remained constant: high-quality assets trade more frequently than low-quality ones. MetaDAO’s first revenue-accruing mechanism, the futarchy AMM, captures this dynamic perfectly. It will hold the majority of liquidity across all ownership coins and take a small percentage fee from every trade.
If you believe that ownership coins enforce a higher standard of asset quality (which by now seems quite evident), then it naturally follows that MetaDAO is positioned to accrue significant revenue in the coming years.
While a smaller share of total revenue, the futarchy AMM will also automatically arbitrage between spot and decision market liquidity, creating additional yield revenue.
Beyond that, I’m confident there are multiple future monetization paths waiting to be unlocked and new business models that will build on this foundation over time.
The market for high-quality assets and sound decision-making is measured in the trillions. MetaDAO is the only place where true ownership and global high-quality internet native assets will be born. Now it’s a matter of assigning probability of success, % market capture, and % take rate. The ticker is $META and it's the next Bitcoin. Think in years, not days.
Store-of-value is cool, but have you heard of number-go-up technology?
futardio
Traders choose Polymarket for the same reason companies will choose @MetaDAOProject:
Liquidity
On Polymarket it means lower slippage.
On MetaDAO it means smarter, more accurate futarchy outcomes.
The market’s depth is the decision’s strength.
RAWR-001 is now live. This proposal by @JurassicFi would authorize $19,000 in treasury spending to create the legal structure necessary to obtain their first dinosaur fossil.
Read the full proposal and trade it below.
Do you want a whole single grape or a slice of the watermelon? The perfect way to bootstrap a network should offer every participant a slice of the watermelon, so they chose to participate in network as apposed to trying to build their own thing. You must have minimal rent seekers, fair rewards for contributions.
Using @MetaDAOProject just to fundraise is basic. The best crypto networks and protocols all solved for bootstrapping network effects, and this is the best version of HARD crypto (thank you @TrustlessState for the term). It’s not a company with a token, it’s a network with a ton of contributors.
What would that look like for perps or any kind of hard defi? IMHO, the most valuable contributors are the ones that create new high value markets, that bring the best net additional shared liquidity.
There is just no magical succinct proof of work equivalent to verify net new liquidity, and all incentives create embedded rent seekers.
So it’s always going to end up to governance to make this work, and governance generally sucks. My hope is that futarchy fixes this.
So how to bootstrap governance?
1) you need some Sybil check
2) minimize any clear financial gain from participation. All the Merkle mine and pow schemes only worked once because as soon as the roi was clear it ended up gamed. You don’t want funds to participate in this phase. They want an roi of the network effects without contributing anything but capital. They need to do this after the network does real work, not before.
3) it shouldn’t matter who starts it, or who wins the bootstraping process. If a cabal games the bootstrap process, the Sybil check still works, and the “good” portion of the network can just leave and fork into their own. Basically, let the cabal take the whole cookie, because if they do you can exit at no cost and no loss and create your own.
Some form of this is inevitable because AI is dropping the cost of creating software and therefore protocols, and doing analysis for market decisions, aka futarchy style governance.
This was my shot at this, give me some feedback or find bugs or fork it and run with it. There is a cost to get a vote, the vote doesn’t guarantee anything, all the good participants can gtfo and leave at any time and do their own thing.
https://t.co/edzKCSqi6s
MetaDAO (META) is now live on coinbase․com and in the Coinbase app. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets. https://t.co/NzVhxaRCK1
The most recent exciting development for MetaDAO - ownership coin teams are shipping faster on average than both their token and venture counterparts. I believe this is due to incentives (team is only paid if investors earn multiples) and constant (often painful) market feedback.
Question is will they do the right thing and raise at a reasonable valuation to retail or will they go straight to VCs and dump a token into the market where retail is forced to buy at 100x?