MetaDAO (META)

System: MetaDAO — Trading and Exchange

MetaDAO provides a Solana-based launchpad and decision-market governance system for projects that raise USD Coin (USDC), distribute new project tokens, and manage treasury, issuance and organisation-level decisions through conditional markets. The governance product has been live since 2023. The current boundary includes deployed Solana contracts, the META governance token, the official web app and the Services layer operated by MetaDAO LLC, launch intake, treasury accounts and related service/legal arrangements.

Market Data

Price$3.35
Market Cap$75.92M
Fully Diluted Valuation$75.92M
30d Change-0.17%

Token Functionalities

Governance

  • Technical Parameter Control (Partial)

    Right to approve technical migration or architecture changes where encoded as proposal instructions. Ownership is required through META proposal staking and market participation. Strength is Partial because proposal-controlled migration exists, but the general programme bytecode authority is not fully token-controlled across all verified and unverified components.

  • Actor Set Permissioning (Partial)

    Right to migrate or set privileged authorities and governance actor accounts where those changes are encoded in proposal instructions. Ownership is required through the META proposal and the conditional-market governance path. Strength is Partial because the Omnibus proposal evidences authority migration, but complete programme authority mapping and emergency/admin paths remain outside full META-holder control.

  • Economic Design/Parameter Control (Partial)

    Right to approve or reject META issuance, burn and monetary-flow changes, including liquidity allocation and economic parameters where encoded in governance proposals. Ownership is required through META proposal staking and participation in META conditional markets. Strength is Partial because programme authority, emergency paths and service-layer powers remain outside unilateral META control.

  • Process and Meta Parameter Control (Partial)

    Right to amend governance process settings such as pass threshold, team threshold, spending limit and proposal stake requirement. Ownership is required because proposals need META staking to go live, and decision markets use META-linked conditional market participation. Strength is Partial because these settings can be proposal-executed, while emergency and service-layer powers remain outside pure META control.

  • Whole Entity Disposition Right (Partial)

    Right to approve liquidation, transfer or disposition of substantially all MetaDAO DAO assets and related authorities, including a pro rata proceeds process where encoded in a passed decision-market proposal. Ownership is required through META proposal staking and conditional-market governance participation. Strength is classified as Partial because execution may depend on off-chain entity actions, snapshot/redemption administration, and emergency or programme-authority paths outside unilateral META control.

  • Treasury Control (Partial)

    Right to direct MetaDAO treasury assets through decision-market proposals, including treasury transfers, liquidity migration and authorised service payments where the treasury asset is the controlled object. Ownership is required through META staking and governance-market participation. Strength is Partial because on-chain transfers can execute through proposals, while legal or service payments may require entity execution.

System Attributes

Operating Model

<p>MetaDAO&nbsp;has&nbsp;a&nbsp;Hybrid&nbsp;Operating&nbsp;Model.&nbsp;It&nbsp;operates&nbsp;through&nbsp;Solana&nbsp;contracts&nbsp;that&nbsp;execute&nbsp;launch&nbsp;sales,&nbsp;conditional&nbsp;markets,&nbsp;AMM&nbsp;trading,&nbsp;proposal&nbsp;finalisation,&nbsp;treasury&nbsp;actions,&nbsp;bid-wall&nbsp;mechanics&nbsp;and&nbsp;META&nbsp;issuance.&nbsp;The&nbsp;off-chain&nbsp;side&nbsp;is&nbsp;material&nbsp;because&nbsp;founder&nbsp;listing&nbsp;still&nbsp;uses&nbsp;an&nbsp;intake&nbsp;process,&nbsp;the&nbsp;web&nbsp;app&nbsp;and&nbsp;Services&nbsp;layer&nbsp;are&nbsp;operated&nbsp;under&nbsp;MetaDAO&nbsp;LLC&nbsp;terms,&nbsp;and&nbsp;legal/service&nbsp;arrangements&nbsp;support&nbsp;the&nbsp;organisation&nbsp;and&nbsp;technology&nbsp;stack.&nbsp;The&nbsp;on-chain&nbsp;contracts&nbsp;are&nbsp;therefore&nbsp;economically&nbsp;central,&nbsp;but&nbsp;the&nbsp;system&nbsp;is&nbsp;not&nbsp;classified&nbsp;as&nbsp;a&nbsp;purely&nbsp;on-chain&nbsp;protocol&nbsp;because&nbsp;access,&nbsp;service&nbsp;terms,&nbsp;launch&nbsp;intake&nbsp;and&nbsp;some&nbsp;legal/service&nbsp;execution&nbsp;remain&nbsp;entity-mediated.</p>

Value Creation

<p>MetaDAO&nbsp;has&nbsp;Hybrid&nbsp;Value&nbsp;Creation.&nbsp;On-chain&nbsp;value&nbsp;is&nbsp;created&nbsp;by&nbsp;launch&nbsp;contracts&nbsp;that&nbsp;accept&nbsp;USDC&nbsp;commitments,&nbsp;allocate&nbsp;project&nbsp;tokens&nbsp;pro&nbsp;rata,&nbsp;refund&nbsp;failed&nbsp;raises,&nbsp;route&nbsp;successful&nbsp;raise&nbsp;proceeds&nbsp;to&nbsp;treasuries,&nbsp;liquidity&nbsp;pools&nbsp;and&nbsp;bid&nbsp;walls,&nbsp;and&nbsp;move&nbsp;proposal&nbsp;liquidity&nbsp;into&nbsp;conditional&nbsp;markets.&nbsp;Governance&nbsp;value&nbsp;is&nbsp;also&nbsp;created&nbsp;on-chain&nbsp;through&nbsp;proposal&nbsp;staking,&nbsp;conditional&nbsp;trading,&nbsp;time-weighted&nbsp;average&nbsp;price&nbsp;(TWAP)&nbsp;finalisation&nbsp;and&nbsp;executable&nbsp;proposal&nbsp;instructions.&nbsp;Off-chain&nbsp;value&nbsp;is&nbsp;created&nbsp;through&nbsp;founder&nbsp;intake,&nbsp;launch&nbsp;preparation,&nbsp;service&nbsp;presentation,&nbsp;legal&nbsp;agreements,&nbsp;transparency&nbsp;reporting&nbsp;and&nbsp;technology-service&nbsp;delivery&nbsp;by&nbsp;named&nbsp;entities.&nbsp;Both&nbsp;sides&nbsp;are&nbsp;required&nbsp;for&nbsp;the&nbsp;live&nbsp;buyer-facing&nbsp;product:&nbsp;primary&nbsp;token&nbsp;distribution&nbsp;plus&nbsp;market-governed&nbsp;organisation&nbsp;support.</p>

Value Capture

<p>MetaDAO&nbsp;has&nbsp;Hybrid&nbsp;Value&nbsp;Capture&nbsp;and&nbsp;Routing.&nbsp;On-chain,&nbsp;traders&nbsp;and&nbsp;launch&nbsp;participants&nbsp;create&nbsp;value&nbsp;flows&nbsp;through&nbsp;Futarchy&nbsp;AMM&nbsp;trades,&nbsp;conditional&nbsp;markets,&nbsp;launch&nbsp;proceeds,&nbsp;protocol-owned&nbsp;liquidity&nbsp;and&nbsp;bid-wall&nbsp;transactions.&nbsp;MetaDAO’s&nbsp;docs&nbsp;describe&nbsp;Futarchy&nbsp;AMM&nbsp;protocol&nbsp;revenue&nbsp;from&nbsp;a&nbsp;trade&nbsp;fee,&nbsp;bid-wall&nbsp;mechanics&nbsp;route&nbsp;a&nbsp;fee&nbsp;to&nbsp;protocol&nbsp;revenue,&nbsp;and&nbsp;DeFiLlama&nbsp;reports&nbsp;MetaDAO&nbsp;protocol&nbsp;revenue&nbsp;while&nbsp;showing&nbsp;holder&nbsp;revenue&nbsp;at&nbsp;zero.&nbsp;Off-chain,&nbsp;MetaDAO&nbsp;LLC&nbsp;can&nbsp;earn,&nbsp;introduce,&nbsp;modify&nbsp;or&nbsp;discontinue&nbsp;fees&nbsp;for&nbsp;Services&nbsp;usage,&nbsp;while&nbsp;governance-approved&nbsp;legal&nbsp;and&nbsp;service&nbsp;arrangements&nbsp;can&nbsp;route&nbsp;funds&nbsp;to&nbsp;MetaDAO&nbsp;LLC&nbsp;or&nbsp;Organization&nbsp;Technology&nbsp;L.L.C.&nbsp;for&nbsp;platform&nbsp;and&nbsp;technology&nbsp;work.&nbsp;Final&nbsp;account-level&nbsp;controllers&nbsp;for&nbsp;some&nbsp;protocol&nbsp;fee&nbsp;accounts&nbsp;remain&nbsp;Unknown,&nbsp;so&nbsp;the&nbsp;lock&nbsp;is&nbsp;Hybrid&nbsp;rather&nbsp;than&nbsp;purely&nbsp;on-chain&nbsp;or&nbsp;purely&nbsp;entity-captured.</p>