MetaDAO is my highest-conviction low-cap altcoin. And this is my thesis.
metadao.fi
But first, let’s lay some groundwork — WTF is MetaDAO?
MetaDAO is building decision markets. It’s similar to Polymarket but with some key differences. In a prediction market, you bet on what you think will happen. In a decision market, y...
Just checked out the docs/website and this doesn't look easy to use tbh. I reckon that's where your reference about AI comes in for a future write-up.
Echoing the other comment: What's the value accrual for the token?
And what do you think about Gnosis trying to implement futarchy for ages w/out any success? Is their failure purely due to being overly focussed on prediction market design?
yea the UX needs work. metadao is working with paradigm's designer on this right now. it will get better, they just need some time. this is also a totally new concept so i think there will naturally be some "how do we best present this info" type lessons the team needs to work thru
there is no value accrual for the token right now, just like 99% of crypto tokens. i think going forward there's a couple ways to think about this. 1) teams might pay some SaaS-type model for access to metadao's futarchy platform. i think this would be a bearish outcome. or 2) metadao could charge a small taker fee on every futarchic market trade. i think this would be the bullish scenario as its obv more scalable
monetizing on volume is nice too bc its partially a function of arbitrage. metadao essentially spins up parallel (futarchic) markets for tokens so as long as there's a discrepancy in price b/w the futarchic market and the normal spot market, there's an arb oppty which drives volume and could eventually fuel value accrual for the META token
also, prophet - the metadao founder - is laser focused on value accrual, more than most founders i've seen. he doesn't want meta to be "just another worthless computer coin." check out this tweet:
https://x.com/metaproph3t/status/1760135748781547985
on gnosis - my understanding is they never really tried it. they wrote a bunch of blog posts about it but were never willing to give up control. metadao is actually using futarchy into prod. they let the market decide the founders' salaries, whether they should burn 99% of the treasury, and whether they should get VC funding. they are all it on futarchy, gnosis never was