This series of data not only reflects MetaDAO’s strong ability to generate revenue as an on-chain fundraising engine, but also indicates that the speculative enthusiasm for the Solana ecosystem is returning in full force. MetaDAO may become the core narrative of the Solana ecosystem in the next stage.
From “Voting” to “Betting”: MetaDAO’s Market-Based Governance Experiment
MetaDAO operates in a completely different way from previous launchpads or ICO platforms. Its logic is simple: let the market determine the fate of the project.
When a project raises funds on MetaDAO, all USDC raised doesn’t go directly into the team’s accounts. Instead, it goes into an on-chain treasury governed by the market. If a team wishes to use funds, issue additional tokens, modify parameters, or even adjust product direction, they must submit a proposal. The approval of a proposal is determined not by voting but by transactions—this is MetaDAO’s core governance mechanism, Futarchy.
This mechanism is similar to a prediction market, where investors aren’t “voting” but “betting.” If they believe a proposal will increase token value, they buy into the “Approve” market; if they believe it’s harmful, they buy into the “Reject” market. Ultimately, market price itself becomes the basis for judgment—the party with the higher value wins, and the proposal is implemented. This design completely breaks away from the “most votes, most decisions” structure of governance and directly ties every decision to token value.
This mechanism has two significant advantages.
First, it prevents project owners from “rugging.” In the traditional ICO model, once a project successfully raises funds, investors have virtually no leverage, and funds could be misappropriated or disappear at any time. In MetaDAO, all USDC raised is held in an on-chain vault, and any spending or token minting is subject to market verification. If the project team leaves or the market value falls below the stated funds, anyone can initiate a proposal to redeem the funds. Governance no longer relies on “trusting the team” but on “trusting the mechanism.”
Secondly, incentives are tied to long-term value. MetaDAO’s ICO model utilizes a highly volatile and transparent issuance method. Investors receive tokens proportional to their investment, while the founding team’s earnings are locked into a “performance package” tied to price performance. The team unlocks corresponding incentives every time the token price reaches 2x, 4x, 8x, 16x, and 32x. All unlocks are subject to an 18-month lock-up period and a three-month time-weighted average price verification.
This means that the team can only cash in on returns when the project continues to grow and the token truly gains market recognition. This “delayed gratification” structure redefines the boundary between short-term speculation and long-term development.
What projects are worth paying attention to?
@UmbraPrivacy
UMBRA is Solana’s privacy protocol, built on @ArciumHQ . Its goal is not simply to enable “private transactions,” but to provide a compliant, auditable privacy infrastructure for the entire on-chain financial system. By building an auditable, anonymous transfer system, UMBRA enables transactions to be verified on-chain without exposing any critical details, enabling the coexistence of privacy and trust. UMBRA’s governance is fully decentralized—fundraising, tokens, and the treasury are all controlled by the community. The team and early backers have allocated a total of 13.5 million tokens, which will be gradually unlocked after an 18-month lockup period, with returns linked to token performance.
@AviciMoney
Avici is a crypto neobank built on Solana, aiming to create a global internet banking system that is user-hosted and trustless. Users can open a stablecoin Visa card in minutes, spend directly with crypto assets, and deposit funds through a virtual account. Avici also plans to launch an on-chain credit score, replacing traditional credit reporting with zero-knowledge proofs, allowing users to obtain fairer credit services while protecting their privacy. The platform currently boasts over $1 million in spending, a 70% retention rate, and over 9,000 users. Avici will launch an ICO on MetaDAO on October 14th, issuing an Ownership Coin.
@loyal_hq
Loyal is a decentralized intelligent inference protocol built on Solana and MagicBlock infrastructure, aiming to rebuild a private and open-source intelligent network. It allows users to securely call AI models and conduct private conversations on-chain. The user’s wallet generates a PDA (Program Derived Address), which both records conversations and serves as a payment settlement node. AI inference fees are automatically distributed to computing nodes, developers, and the protocol itself, creating a fully decentralized incentive loop. The project will launch an ICO on MetaDAO on October 18th, with a total supply of 10 million tokens and a minimum fundraising amount of $500,000. 28% of the team’s tokens will be locked for 18 months and unlocked in batches based on price multiples (2x, 4x, 8x, 16x, and 32x).
@ZKLSOL
ZKLSOL is the first protocol on Solana to combine privacy protection with yield generation. Traditional mixers require long periods of locked funds to enhance anonymity, but this means assets sit idle. ZKLSOL, on the other hand, relies on liquidity staking, earning interest on deposited SOL, allowing users to earn income while waiting for privacy mixing. ZKLSOL’s yield model has a clear flywheel logic: users deposit SOL → generate ZKLSOL → generate yield from staking → pay a small fee upon withdrawal and transfer → fees and yield are combined into a reward pool, driving up APY, attracting more depositors, and further enhancing anonymity and fund security. The project will launch its ICO on MetaDAO on October 19th, with all funds raised going toward security audits, expanding LPs, and implementing regulatory compliance.
@Paystreamlabs
Paystream is a DeFi lending protocol that combines peer-to-peer matching and liquidity aggregation, aiming to maximize the efficiency of on-chain capital utilization. It achieves efficient capital circulation and maximized returns through a two-tiered structure: a P2P matching engine and a smart liquidity pool (LLP). At its core, Paystream’s matching engine directly matches lenders and borrowers, ensuring the best interest rate for both parties. When the market temporarily lacks a match, the system automatically routes idle funds to the underlying yield pool, allowing the funds to continue generating returns. Protocol revenue primarily comes from two sources: a share of the matching spread and lending interest; and fees collected from users when borrowing, making leveraged markets, or withdrawing funds. The project will launch its ICO on MetaDAO on October 23rd.
Summarize
The recent rise of MetaDAO bears resemblance to the once-popular Believe ecosystem. The former reshapes fundraising tools with its “anti-rug” ICO mechanism, while the latter ignites investor sentiment with its Launchpad platform. Together, these two initiatives have driven Solona’s alignment with the ICM (Internet Capital Market) ecosystem, gradually transitioning from MEME to sustainable speculation. Against the backdrop of the emergence of hot sectors like privacy, payments, and AI, MetaDAO may be becoming a key pillar in Solana’s ecosystem recovery.
This article is sourced from the internet: MetaDao’s ICO skyrocketed 10 times, is it worth participating?Recommended Articles
作者 | 叮当（@XiaMiPP） 焦虑，非常焦虑。总觉得自己还没赚到钱，市场上却已经开始嚷嚷着转熊了，各种消息砸得我晕头转向。比特币周线面临 MACD 死叉，以太坊勉力支撑。近期凭借底部喊多 ETH 而赢得漂亮战绩的 Trend Research，也曾坚定看多以太坊生态，但今早却选择默默亏本清仓 PENDLE 和 ENS。 在这样的时刻，到底该坚守，还是该撤退？我只能不断去翻看市场的声音，想看看是否有人能替我“充值信仰”，给这场焦虑找到出口。 巨鲸搅动的以太坊和比特币博弈 最近两周，加密市场的主角不是别的，而是一位远古巨鲸。其大手笔抛售 BTC 换仓 ETH 的动作，可以说是导致比特币盘面走弱的“元凶”。这位大佬已经累计甩手抛售 34,110 枚 BTC，套现约 37 亿美元，并买入 813,298.84 枚 ETH，价值约 36.6 亿美元。现在，他剩余的两个钱包中仍持有 49,816 枚 BTC，价值约 60 亿美元。问题是：他会不会继续抛？抛多少？像是一把尚未落下的利剑，悬在比特币的头顶。只能说，卖方太强大。 对以太坊而言，巨鲸的换仓是显而易见的利好。这或许是近期 ETH 相对 BTC 更加强势的重要原因之一。但是以太坊接下来两周也不太好过，现在有 932,246 枚 ETH 正在排队解质押，约合 4 亿美元的潜在卖盘可能冲击市场。 现在就看巨鲸的行动，能接得住以太坊，必然要重挫比特币，一场存量的博弈还在进行。 超级周：数据与降息的碰撞 未来几周，全球市场的目光几乎都集中在美联储身上。今日 CME“美联储观察”数据，9 月降息25%基点的概率为 87.4%，投资者都在押注美联储即将开启新一轮宽松。 而本周，更是名副其实的“超级周”，ADP 小非农就业数据、ISM 服务业 PMI、尤其是核心中核心的非农就业报告，所有这些数据都会影响美联储 9 月 16 日至 17 日的 FOMC 会议决定。如果一系列数据，尤其是非农数据表现疲软，市场可能会押注美联储将更快、更早地启动降息；如果整体表现强劲，将会削弱市场对降息的预期。无论哪种结果，本周市场注定波动巨大。对投资者而言，谨慎才是唯一的答案。 鲍威尔在 8 月 22 日晚的讲话虽然释放出了鸽派信号，但是并未给出降息持续性与幅度的强指引。中金最新研报指出，市场不应过度解读美联储主席鲍威尔在 Jackson Hole 会议上的“鸽派”言论。在当前美国面临更高关税和收紧移民政策的背景下，就业与通胀风险并存，若通胀风险超越就业，美联储可能叫停降息。即使 9 月降息 25 个基点，也不代表开启持续宽松周期。中金警示，若“类滞胀”压力加剧，美联储将面临两难，市场波动可能加剧。 特朗普方面则试图推动美联储理事会组成一个更紧密的团队，以推动政策向鸽派倾斜。美联储理事满员 7 人，目前除正在与特朗普“打官司”的库克外，其中两位由拜登政府任命的杰斐逊和巴尔，他们和库克也一样，与鲍威尔站在同一阵营；鲍曼、沃勒和米兰普遍被视为特朗普的支持者。如果法院裁定特朗普可以解雇库克，特朗普将迅速提名他的继任者，以四比三在理事会中获得多数支持者。但这一裁定很难在 9 月的会议之前完成，但库克的缺席可能会使理事会在特朗普任命的三名理事、拜登任命的两名理事和鲍威尔之间打成平手。9 月的议息会议可能成为市场方向的分水岭。 Fundstrat Global Advisors 研究主管 Tom Lee 表示，投资者在 9 月保持谨慎是正确的，美联储在经历长期暂停后，正重新开启温和的降息周期，这使得交易员很难确定仓位。这位长期看多美股的分析师预计，标普 500 今年秋季将下跌 5% 至 10%，随后反弹至 6800 至 7000 点之间。 WLFI 吸血大盘？ 另一颗“超级炸弹”也正在倒计时。特朗普家族加密项目 World Liberty Financial（WLFI）将于今晚 8 点上线。很多人不免联想到此前的 TRUMP 代币：造富一小波人，带崩整个大盘。于是，很多人都会关心的问题是：TRUMP 的剧情会在 WLFI 上重演吗？ 根据链上分析师 @ai_9684 xtpa 整理的 WLFI 投资人购入成本来看，WLFI 曾进行 8 轮公开募资，融资总额 22.6 亿美元。按照当前盘前 0.32 美元的价格计算，第一轮公募最低成本仅 0.015 美元，盈利空间已超 20 倍，这也就意味着…
相关文章
简体中文 
English 
繁體中文 
日本語 
Tiếng Việt 
العربية 
한국어 
Bahasa Indonesia 
हिन्दी 
اردو 
Русский