# Fund META Market Making

MetaDAO's proposal "Fund META Market Making" passed on 2026-01-26 by 3.35%. The approved TWAP was $6.35 against $6.33 rejected, with a -3% threshold. $14.62K traded across 17 trades by 13 traders.

A MetaDAO governance proposal decided by a futarchy decision market, as analysed on 01Resolved. Data as of 2026-10-22 09:50 UTC.

- [Proposal page](https://www.01resolved.com/metadao/proposals/8PHuBBwqsL9EzNT1PXSs5ZEnTVDCQ6UcvUC4iCgCMynx): charts, comparables, and every trade.
- [MetaDAO summary](https://www.01resolved.com/ai/projects/metadao.md) and [all proposals](https://www.01resolved.com/metadao/proposals).

## Outcome

| Metric | Value |
| --- | --- |
| Status | Resolved |
| Result | Approved |
| Start (UTC) | 2026-01-23 02:52 |
| End (UTC) | 2026-01-26 02:56 |
| TWAP window starts (UTC) | 2026-01-24 02:52 |
| Staked | 100% |
| Pass threshold | -3% |
| Passed by | 3.35% |
| Approved TWAP | $6.35 |
| Rejected TWAP | $6.33 |

The proposal passes when the approved (pass) TWAP beats the rejected (fail) TWAP by more than the threshold. A live proposal's standing can still change.

## Market overview

| Metric | Value |
| --- | --- |
| Pass pool TVL | $7.62K |
| Fail pool TVL | $7.4K |
| Net volume tilt (toward pass) | +52.14% |
| Net trader tilt (toward pass) | +52.94% |
| Total trades | 17 |
| Total volume | $14.62K |

## Outcome strength

| Metric | Value |
| --- | --- |
| Traders, pass-aligned | 76.47% (13) |
| Traders, fail-aligned | 23.53% (4) |
| Volume, pass-aligned | 76.07% ($11.12K) |
| Volume, fail-aligned | 23.93% ($3.49K) |
| Late conviction | High |

Net pass-aligned volume accumulated before the TWAP window: +$439.47; during it: +$7.18K.

Pass-aligned means buying pass or selling fail; fail-aligned is the reverse. Strong participation alone does not show that a decision was economically correct.

## Trade activity

| Metric | Value |
| --- | --- |
| Unique traders | 13 |
| Repeat traders (across MetaDAO decision markets) | 30.76% |
| Largest single trade | $7.13K (Fail-sell) |
| Average trade value | $860.45 |

## Proposal text

As submitted by the proposer; not written or verified by 01Resolved.

**Type**  
Operations Direct Action

**Author(s)**  
Kollan House, Arad

**Summary**  
We are requesting $1M and 600,000 newly minted META (\~2.8% of supply) to engage market makers for the META token. Most of this is expected to be issued as loans rather than as a direct expense. This would cover at least the next 12 months.

At the end of 12 months, unless contradicted via future proposal, all META would be burned and all USDC would be returned to the treasury.

We plan to engage Humidifi, Flowdesk, and potentially one more market maker for the META/USDC pair.

This supply also allows for CEX listing fees, although we would negotiate those terms aggressively to ensure best utilization. How much is given to each exchange and market maker is at our discretion. 

**Background**  
Liquidity begets liquidity. Deeper books attract more participants, and META requires additional liquidity to allow more participants to trade it. For larger investors, liquidity depth is a mandatory requirement for trading. Thin markets drive up slippage at scale.

Market makers can jumpstart this flywheel and is a key component of listing.

**Specifications**  
As stated in the overview, we reserve the right to negotiate deals as we see fit. That being said, we expect to pay $50k to $80k a month to retain market makers and give up to $500k in USDC and 300,000 META in loans to market makers. We could see spending up to 300,000 META to get listed on exchanges. KPIs for these market makers at a minimum would include:

Uptime: 		\>95%  
Depth (±) \<=2.00%: 	\~40% Loan utilization  
Bid/Ask Spread: 	\<0.3%  
Monthly reporting

We plan to stick to the retainer model.

We also plan on strategically working with exchanges: we are aware that once you get one T1 exchange, the dominos start to fall more easily.

The USDC and META tokens will be transferred to a multisig [3fKDKt85rxfwT3A1BHjcxZ27yKb1vYutxoZek7H2rEVE](https://app.squads.so/squads/3fKDKt85rxfwT3A1BHjcxZ27yKb1vYutxoZek7H2rEVE/home) for the purposes outlined above. It is a 2/3 multisig. With the following members:

- Proph3t
- Kollan House
- Jure (Pileks)

[Squads Transaction](https://app.squads.so/squads/BfzJzFUeE54zv6Q2QdAZR4yx7UXuYRsfkeeirrRcxDvk/transactions/B9FYHwnXvwKWSXoaf74Y45ZbHRhr153kVmbp2UPWwi8F)  
[Squads Transaction Simulation](https://explorer.solana.com/tx/inspector?squadsTx=B9FYHwnXvwKWSXoaf74Y45ZbHRhr153kVmbp2UPWwi8F)  
[Transaction Simulation](https://explorer.solana.com/tx/inspector?message=AQABBp6RvaMUMNkdkh9hPeRuuUPOF%252BLw3zIQo3ql%252B9A%252FGARlBS7TVnLcMhxK7cBJrdCL%252FD9KPfAsGKCwNItz0%252FQEG9PJ3qBgVV%252BB401%252FQm0lxQ6RrnBOPA%252FoTY%252FexPG9RIdKu4OXWbhc68aODhWZIcoGbf8Ad%252Boa8LwvaCVSCPcBz%252FI45OtKkS%252BFHu5GqThXixfWRfSRkpcIOI4ZZrZtBag4RsIG3fbh12Whk9nL4UbO63msHLSF7V9bN5E6jPWFfv8AqYUr7jKLslDCGmYjYNvqW03NKsPaArkWO%252FJt2rCs33U8AgUDAQIACQcAcMmyiwAAAAUDAwQACQMAEKXU6AAAAA%253D%253D)

## Citing this data

Source: 01Resolved, "Fund META Market Making" (MetaDAO decision market), data as of 2026-10-22 09:50 UTC. https://www.01resolved.com/metadao/proposals/8PHuBBwqsL9EzNT1PXSs5ZEnTVDCQ6UcvUC4iCgCMynx.