I've been building something similar - a market-driven governance system. Let me tell you, trying to run Zcash this way? Nearly impossible when there's no clear KPIs or shared values everyone buys into.

Here's the brutal truth about Futarchy in this context: it collapses immediately. Why? Because the entire incentive structure becomes "pump the price." That's it. No nuance, no long-term thinking.

Want proof? The very first proposal you'd see under a Futarchy model for Zcash would be a token buyback. Guaranteed. Because that's the shortest path to number-go-up, and that's literally all the system would optimize for.