---
type: entity
entity_type: company
name: "Manna Finance"
domain: internet-finance
status: failed
founded: 2026
platform: solana
tracked_by: rio
created: 2026-03-11
key_metrics:
  raise_target: "$120,000"
  total_committed: "$205"
  raise_outcome: "refunding"
  launch_date: "2026-03-03"
  close_date: "2026-03-04"
source_archive: "inbox/archive/2026-03-03-futardio-launch-manna-finance.md"
---

# Manna Finance

Manna Finance is a zero-interest CDP (Collateralized Debt Position) protocol on Solana modeled after Liquity V1. Users deposit SOL as collateral to mint solUSD stablecoin with a one-time borrowing fee and no ongoing interest. The protocol maintains its peg through redemptions (solUSD exchangeable for $1 of SOL) and liquidations via a Stability Pool. Governance was planned via [[metadao]] futarchy from launch.

The project attempted to raise $120,000 through [[futardio]] but received only $205 in commitments before entering refunding status after one day.

## Timeline
- **2026-03-03** — [[manna-finance-futardio-fundraise]] launched on Futardio seeking $120K for 12-month runway
- **2026-03-04** — Fundraise closed in refunding status with $205 committed (0.17% of target)

## Relationship to KB
- [[futardio]] — fundraising platform
- [[metadao]] — planned governance mechanism
- Attempted to implement [[futarchy-based fundraising creates regulatory separation because there are no beneficial owners and investment decisions emerge from market forces not centralized control]]
- Competed in market described by existing Solana stablecoin landscape (USX, USDv, jupUSD, USDGO)