What is MetaDAO?

MetaDAO is a fundraising and governance platform operating on the Solana blockchain. It employs a futarchy model, allowing decisions to be influenced by market prices rather than traditional voting methods. Holders of the native META token participate in conditional markets, where the price outcomes essentially determine whether proposals pass or fail, based on market sentiment towards the potential value changes of the token.

The framework relies on the principle that favorable decisions will lead to an increase in the META token's price, while unfavorable choices will cause it to decline. This system, inspired by economist Robin Hanson, simplifies futarchy into an on-chain governance model, using the DAO's token price as a measurable metric for evaluating proposal outcomes.