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

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