Futarchy flips governance on its head—decisions aren’t voted on, they’re traded on.
In this conversation with Felipe Montealegre of Thea Research and Proph3t, co-founder of MetaDAO, we explore how market-driven governance can eliminate the token “rug pull” problem, create true shareholder protections on-chain, and unlock the next era of crypto capital markets.
From prediction markets and token design to MetaDAO’s “ownership coins,” this is how futarchy could make crypto investable again.
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TIMESTAMPS
0:00 Intro
1:51 What is Futarchy?
4:26 US Capital Markets vs Futarchy
6:39 Futarchy Incentives
12:01 Futarchy Market Participants
16:05 A New Form of Governance
18:59 Liquidity & Insider Participation
24:03 Futarchy Genesis
31:31 Crypto Rugs
47:45 Trustworthy Tokens
53:00 Umbra Example
1:00:37 MetaDao
1:07:20 Unrugable Tokens
1:12:42 Regulation
1:18:31 What’s Next?
1:20:48 Closing & Disclaimers
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RESOURCES
Felipe Montealegre
https://x.com/theiaresearch
Proph3t
https://x.com/metaproph3t
MetaDao
https://metadao.fi/
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
