Adversarial Proposal Design in Asset Futarchy

Asset futarchy is attractive because it lets markets compare a proposal's expected effect on token value. That comparison is only reliable when conditional prices track the proposal's causal effect rather than strategic behavior around the decision rule.The attacks below describe ways a proposer can make PASS-ASSET trade above FAIL-ASSET without creating commensurate value for ASSET holders. They are defensive mechanism-design examples: each one identifies a coupling failure between the conditio...