1/ Futarchy, while still a novel governance mechanism, is slowly gaining traction.
This governance model, spearheaded by @MetaDAOProject, implements conditional markets to allow participants to speculate on whether or not the passage of a proposal will be accretive to token twitter.com/152264666289578394...
2/ As of Sep 2024, these futarchic markets had only traded a cumulative ~$675k in volume, a small amount of activity to gain any signal.
Since, the likes of @jito_sol, @MarinadeFinance, @sanctumso, and @DriftProtocol have tested governance through futarchy across 15 additional
3/ While volumes remain small, @MetaDAOProject's markets have now settled a cumulative ~$3M in volume across 38 proposals.
74% of proposals are passed, with an average of 14 traders generating 87 trades per proposal.
4/ MetaDAO has since built a launchpad, offering a ICO platform for projects to raise capital natively as a futarchic DAO.
The proposal to build this launchpad was itself approved through futarchy.

5/ The first project to use this launchpad is @mtndao, raising capital for a Solana ecosystem fund with investment decisions to be governed by futarchy.
Opened today, mtnCapital has successfully raised nearly ~$250K in the 3 hours since the raise went live.
6/ With more large-scale projects employing futarchy for governance, coupled with a novel capital formation platform for futarchy-native projects, the efficacy of this governance mechanism will grow in pertinence and be put to the test.
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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