# Ranger Finance

**Type:** Protocol  
**Domain:** Internet Finance  
**Status:** Liquidated (March 2026)  
**Governance:** Futarchy (MetaDAO)  
**Parent Entity:** Glint House PTE. LTD.

## Overview

Ranger Finance was a futarchy-governed protocol that raised capital through MetaDAO's ICO mechanism. The project became the first documented case of futarchy-enforced liquidation when RNGR token holders passed a proposal to liquidate the treasury after alleging management misrepresented 2025 revenue figures and platform activity.

## Timeline

- **2026-03-12** — Liquidation proposal passed through MetaDAO futarchy markets. $5.04M USDC withdrawn from treasury and liquidity pools, distributed to RNGR holders at $0.75-$0.82 per token. All IP and infrastructure returned to Glint House PTE. LTD.

## Significance

Ranger Finance represents the first real-world test of futarchy's downside protection mechanism. The successful liquidation validated the claim that futarchy governance enables trustless joint ownership by allowing token holders to force treasury return when management allegedly fails or deceives, without requiring litigation or centralized intervention.

## Sources

- Phemex/CryptoTimes, March 12, 2026