ARL — the governance token
Contract, supply, and how ARL steers the protocol through futarchy.
Futarchy in one line
Vote on values, bet on beliefs.The community agrees on a goal (a measurable success metric), and decision markets determine which action best achieves it. Each proposal spins up markets that forecast the outcome under “adopt” vs. “reject”; the market’s verdict decides the result. This replaces opinion-based voting with skin-in-the-game price discovery.
What the community governs
Every meaningful protocol parameter is a governance decision, not a hard-coded constant:
These are parameters: the community can change any of them through governance to keep the
protocol at maximum efficiency.
The DAO treasury
The protocol’s treasury is held on-chain in a multisig controlled by the DAO, so funds can only move the way governance permits:- No unilateral access. The treasury’s configuration authority is the futarchy program — no single party can pull funds. Treasury actions require a passing proposal.
- Spending limits for operations. Recurring operational budgets can be granted as bounded, on-chain spending limits (capped per period, optionally to allow-listed destinations), so the team can cover day-to-day costs without a full proposal for every payment — while large or novel spending still goes through futarchy.
- Fully verifiable. Every balance, limit, and transfer is on-chain and auditable.
Why futarchy
- Market-priced, not committee-decided. Decisions reflect forecasted value, not the loudest voice.
- Transparent. Proposals, markets, and outcomes are all on-chain.
- Aligned. Participants put capital behind their beliefs, so good information is rewarded and cheap talk is filtered out.
Governance is live from day one via MetaDAO. As proposals are created and decided, the protocol’s
parameters and treasury evolve according to what the markets price as most valuable.