MetaDAO

About MetaDAO

MetaDAO is a fundraising and governance platform built on Solana that employs futarchy, a decision-making model where market prices, rather than direct voting, determine outcomes. Holders of the native META token do not vote directly; instead, they trade in conditional markets (decision markets) that decide whether a proposal passes or fails based on the token's price outcome. If traders believe a proposal will increase the value of META, the market reflects optimism and the proposal passes; if the market anticipates a negative impact, the proposal fails. The system is based on the idea that good decisions will drive the token's price up and bad decisions will drive it down, leveraging the market's collective intelligence to evaluate proposals automatically. This concept was originally described by economist Robin Hanson as 'vote on values, but bet on beliefs,' and MetaDAO implements it by using the DAO's own token price as the objective metric, simplifying futarchy into a practical onchain governance system.

• MetaDAO uses futarchy, a governance model where decisions are made by market prices rather than direct voting.
• The concept of futarchy was originally described by economist Robin Hanson as 'vote on values, but bet on beliefs.'
• In MetaDAO, the META token's price in conditional markets determines whether a proposal passes or fails.
• MetaDAO is built on the Solana blockchain.
• The platform simplifies futarchy into a practical onchain governance system by using the DAO's own token price as the objective metric.