File tree Expand file tree Collapse file tree 1 file changed +6
-9
lines changed
Expand file tree Collapse file tree 1 file changed +6
-9
lines changed Original file line number Diff line number Diff line change 1- ---
2- description : A simple description of futarchy
3- ---
4-
51# ELI5
62
7- Futarchy is a fundamentally new mechanism. Because of this, it normally takes some time to fully understand how it works.
3+ A basic way to think about futarchy is:
4+
5+ 1 . Proposals are raised to a DAO  ;
6+ 2 . People speculate on whether the proposal would make the DAO's token go up
87
9- At a high-level though, a basic way to think about futarchy is:
8+ When the market thinks that the proposal would increase the value of the token, the proposal passes
109
11- 1 . When proposals are raised to a DAO, people speculate on whether the proposal would make the DAO's token go up
12- 2 . When the market thinks that the proposal would increase the value of the token, the proposal passes
13- 3 . When the market thinks that the proposal would decrease the value of the token, the proposal fails
10+ When the market thinks that the proposal would decrease the value of the token, the proposal fails
You can’t perform that action at this time.
0 commit comments