# Donate the Ownership Capital Escrow to a MetaDAO LLC Ecosystem Fund

MetaDAO's proposal "Donate the Ownership Capital Escrow to a MetaDAO LLC Ecosystem Fund" is live and currently passing by 6.68%; the result can still change. $4.68K traded across 49 trades by 2 traders.

A MetaDAO governance proposal decided by a futarchy decision market, as analysed on 01Resolved. Data as of 2026-10-28 14:46 UTC.

- [Proposal page](https://www.01resolved.com/metadao/proposals/ALmPskjuCmrVYTEcDjcWGmz2uNGn9W9xVKjBaKgsT8Uc): 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 | Live |
| Result | – |
| Start (UTC) | 2026-10-26 02:02 |
| End (UTC) | 2026-10-29 02:02 |
| TWAP window starts (UTC) | 2026-10-27 02:02 |
| Staked | 100% |
| Pass threshold | -3% |
| Passing by | 6.68% |
| Approved TWAP | $4.83 |
| Rejected TWAP | $4.66 |

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 | $22.37K |
| Fail pool TVL | $22.42K |
| Net volume tilt (toward pass) | -12.05% |
| Net trader tilt (toward pass) | +33.33% |
| Total trades | 49 |
| Total volume | $4.68K |

## Outcome strength

| Metric | Value |
| --- | --- |
| Traders, pass-aligned | 66.67% (2) |
| Traders, fail-aligned | 33.33% (1) |
| Volume, pass-aligned | 43.97% ($2.05K) |
| Volume, fail-aligned | 56.03% ($2.62K) |
| Late conviction | High |

Net pass-aligned volume accumulated before the TWAP window: $0; during it: -$564.06.

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 | 2 |
| Repeat traders (across MetaDAO decision markets) | 50% |
| Largest single trade | $101.58 (Pass-sell) |
| Average trade value | $95.51 |

## Proposal text

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

#### Overview

If this proposal passes:

1. The Ownership Capital authorization in META-039 ends, and the escrow under META-039 is released.
2. The DAO donates the escrowed USDC (the "Funds") to MetaDAO LLC.
3. MetaDAO LLC amends its Operating Agreement (Exhibit A) to hold the Funds in a segregated Ecosystem Fund to be invested in ownership tokens and private instruments.
4. The initial custody structure for the funds (on behalf of MetaDAO LLC) will be a 2 of 3 multisig containing Charlie, Kollan, Mitchell, and Jose.

#### Background

Under META-039 (June 2026), 2,000,000 USDC of DAO funds moved from the DAO's V6 Treasury to a 3 of 4 multisig (Proph3t, Kollan House, David Khosroshvili and Ioseb Khutsishvili), to be held in escrow pending formation of Ownership Capital, a proposed outside fund that David and Ioseb would manage.

Ownership Capital was never formed and no contribution was made, so the USDC has remained DAO property in escrow. [META-039's reference to keeping the funds "within MetaDAO LLC" meant keeping them under MetaDAO's control; it did not transfer ownership to MetaDAO LLC.]

Since funding on June 17, 2026, 91,228.68 USDC has been spent on fund formation costs. The current balance is **1,908,771.32 USDC** (USDC account `34ioHvAU9LgVyF5eLAPbqx58Xz3vmh2rku2jBC3SHSnM`, vault `47b2bDzVv3t3CVPq1ctdQoQPsZNaoiZWrSyPW7YGm5oT`).

#### Motivation

David and Ioseb are now working full time on Rip Cars, which is doing well and just raised more money at about 5x the price people paid on MetaDAO.

We first planned to find an outside manager to replace them and ran a process that evaluated 5 to 10 candidates, but concluded that doing this in house would be more efficient and effective, at least to start.

The Cayman fund's legal formation is still not done (it has taken much longer than we expected). We weighed finishing it, creating a subsidiary of MetaDAO LLC, or running the initiative out of MetaDAO LLC, and think the last option makes the most sense.

#### Specification

**1. Capacities.** Passage of this proposal is both the DAO's decision, as owner, to make the donation, and MetaDAO LLC's decision, through Futarchy, to accept it and adopt Exhibit A.

**2. META-039.** The Ownership Capital authorization in META-039 and all of its related terms end. The 91,228.68 USDC of formation costs paid from the escrow is ratified as a DAO expense.

**3. Donation.** Promptly after passage, the META-039 signers, as escrow agents for the DAO, will transfer all assets in the META-039 vault (currently 1,908,771.32 USDC) to the Ecosystem Fund Account, and the META-039 multisig will be retired. The donation takes effect on delivery.

**4. Amendments.** MetaDAO LLC adopts the amendments in Exhibit A under Article VIII (amendment by Futarchy).

**5. Initial mandate.** Charlie (X: @metaproph3t), Mitchell (X: @mitchellsniffle), Kollan (X: @metanallok), and Jose (X: @lbolord), using the signing keys registered on the Ecosystem Fund multisig, are appointed as the initial Ecosystem Fund Signers, with a 2 of 3 signing threshold. We expect positions of $50,000 to $150,000 in fundraises of $50,000 to $300,000, with a focus on consumer apps. We're going to experiment: some of it will work, some of it won't.

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#### Exhibit A: Amendments to the MetaDAO LLC Operating Agreement

The First Amended and Restated Operating Agreement of MetaDAO LLC, effective January 1, 2026 (the "Agreement"), is amended as follows, effective on passage of this proposal. Capitalized terms used here have the meanings given in the Agreement.

**1. New definitions.** The following are added after Definition VI:

> VII. "Ecosystem Fund" means the assets held in the Ecosystem Fund Accounts, together with all investments made and proceeds received under Section IV.5.
> VIII. "Ecosystem Fund Accounts" means the multisig vault on Solana and its token accounts, and any other address so designated by Futarchy. Each Ecosystem Fund Account is a Company Account.
> IX. "Ecosystem Fund Signers" means the persons appointed by Futarchy to hold signing keys for the Ecosystem Fund Accounts, while they hold that appointment.

**2. Section IV.3 (authority to bind the Company).** The following sentence is added at the end:

> For purposes of this Section IV.3, a specific approval of the Futarchy includes an approval that authorizes a class of transactions within stated limits, including under Section IV.5.

**3. Section IV.4 (contractual supremacy of Futarchy).** The following sentence is added at the end:

> The Company may enter into a contract to acquire or dispose of an investment without this clause where the counterparty does not agree to include it, and its absence does not affect the validity of that contract.

**4. Article VI (no capital contributions, distributions or economic rights).** The second sentence is deleted and replaced with:

> Notwithstanding the preceding sentence, Company property may be transferred if the transfer is expressly authorized through the Futarchic Mechanism and is made (a) as compensation for bona fide services rendered to the Company, (b) to pay other bona fide expenses and liabilities of the Company, or (c) in exchange for property or rights of reasonably equivalent value that become Company property; and no such transfer shall be construed to confer any ownership interest in, or entitlement to, the profits, losses, or assets of the Company.

**5. New Section IV.5.** The following is added to Article IV:

> IV.5 Ecosystem Fund.
> (a) Purpose. The Company shall hold the Ecosystem Fund separately from its other assets and use it solely to acquire, hold and dispose of ownership tokens, private instruments and similar interests in early stage projects, to pay related transaction costs, and as otherwise provided in this Section IV.5, within any limits set by Futarchy.
> (b) Signers. The Ecosystem Fund Signers act solely as agents of the Company under Section IV.3, solely for the purpose in Section IV.5(a), and setting aside their personal interests. They have no individual authority. Futarchy may at any time appoint or remove Ecosystem Fund Signers, change the signing threshold, limit or revoke their authority, or move any Ecosystem Fund assets to another Company Account, whereupon those assets cease to be part of the Ecosystem Fund, and the Ecosystem Fund Signers shall promptly implement any such outcome.
> (c) Donations. Assets donated for the Ecosystem Fund become Company property when delivered to an Ecosystem Fund Account. A donation is not a capital contribution and gives no person any interest in the Company or the Ecosystem Fund.
> (d) Investments. Investments are held in the Company's name, and proceeds remain in the Ecosystem Fund.
> (e) Conflicts. An Ecosystem Fund Signer with a material personal interest in a proposed investment shall publicly disclose it before the investment is made and shall not sign for that investment.
> (f) Duties and liability. The Ecosystem Fund Signers owe duties only to the Company and not to META holders or any other person. No Ecosystem Fund Signer is liable to the Company for any act or omission in that capacity, including any investment loss, except for fraud, willful misconduct, gross negligence or a knowing and intentional breach of this Agreement. The Company shall indemnify each Ecosystem Fund Signer, solely from the Ecosystem Fund, against losses arising from that service, other than losses arising from that conduct. No Ecosystem Fund Signer shall sign for any payment to that Signer under this sentence.
> (g) Reporting. The Company shall publish a report of the Ecosystem Fund's holdings and activity at least quarterly.

**6. Preamble.** The following sentence is added at the end of the first paragraph following the Notice of Restrictions on Duties and Transfers:

> References in this Agreement to the "DAO" are to the Company only.

## Citing this data

Source: 01Resolved, "Donate the Ownership Capital Escrow to a MetaDAO LLC Ecosystem Fund" (MetaDAO decision market), data as of 2026-10-28 14:46 UTC. https://www.01resolved.com/metadao/proposals/ALmPskjuCmrVYTEcDjcWGmz2uNGn9W9xVKjBaKgsT8Uc.