All futarchies need a reference asset whose value they try to maximize, so MetaDAO has META.

To bootstrap the governance process, 10,000 META was airdropped to ~60 wallets. The remaining supply was held by the DAO's treasury.

More META has entered the circulating supply through successful governance proposals. This includes:

  • Proposal 4: issued 400 META to fund the creation of an AMM with a TWAP

  • Proposal 5: sold 3,100 META for $24.2 per META and allocated 1,000 META to a Meteora liquidity pool

  • Proposal 10: issued 342 META to fund the creation of Futarchy-as-a-Service

The Dune dashboard provides an up-to-date circulating supply of META.

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