MetaDAO Vote on $250K Treasury Spend Draws Just Eight Traders
- —Pass price closed at $0.1521 vs $0.1366 for fail, an 11.3% gap
- —Voting volume of $9,405 equals about 3.8% of the $250,000 requested
- —Median turnout across 22 resolved MetaDAO proposals was 4.5 traders
- —Market-governed treasuries hold $50.5 million, 78% of it on MetaDAO
Why it matters: MetaDAO's futarchy model lets a handful of traders decide treasury spending, raising questions about how legitimate such market governance really is.
Source: Coindoo