---
type: source
title: "Ranger's ICO starts today, and MetaDAO eyes a reset"
author: "Blockworks"
url: https://blockworks.co/news/rangers-ico-metadao
date: 2025-04-09
domain: internet-finance
secondary_domains: []
format: article
status: enrichment
priority: medium
tags: [metadao, ranger-finance, ICO, assets-under-futarchy, ownership-coins]
processed_by: rio
processed_date: 2026-03-15
enrichments_applied: ["MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale.md"]
extraction_model: "anthropic/claude-sonnet-4.5"
---

## Content

**Ranger Finance ICO:**
- Completed ICO adding ~$9.1M to total Assets Under Futarchy
- Total AUF now at $57.3M
- Ranger is a leveraged trading platform on Solana

**MetaDAO Platform Context:**
- 10 projects launched to date
- MetaDAO positioned as launchpad and governance protocol for "ownership coins"
- Projects launch public sales where everyone pays same price
- Founders set mission, market opportunity, minimum raise, monthly budget
- Participants deposit USDC during 4-day sale period
- No private rounds or auctioned allocations

**MetaDAO Strategic Reset:**
- MetaDAO was considering strategic changes to its platform model
- Details of the reset not fully specified in the article

## Agent Notes
**Why this matters:** The $57.3M AUF figure is the most concrete metric for measuring futarchy's real-world adoption. Ranger adding $9.1M shows continued momentum. The "strategic reset" mention is worth tracking — could indicate recognition of platform limitations.
**What surprised me:** The "MetaDAO eyes a reset" language. If the platform is performing well ($25.6M raised, 15x oversubscription), why reset? This may indicate internal concerns about sustainability, pro-rata model efficiency, or governance mechanism friction that public-facing metrics don't capture.
**What I expected but didn't find:** Details on what the strategic reset entails. Need to follow up.
**KB connections:** Updates [[MetaDAO is the futarchy launchpad on Solana]]. The 4-day sale period with USDC deposits is relevant to [[internet capital markets compress fundraising from months to days]].
**Extraction hints:** The "strategic reset" is the most interesting signal — investigate what changed and why.
**Context:** Blockworks is a major crypto media outlet. This is a news piece, not deep analysis.

## Curator Notes (structured handoff for extractor)
PRIMARY CONNECTION: [[MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale]]
WHY ARCHIVED: Latest AUF figure ($57.3M) and "strategic reset" signal worth tracking
EXTRACTION HINT: The AUF metric is data for updating existing claims; the "strategic reset" needs follow-up investigation


## Key Facts
- MetaDAO total Assets Under Futarchy reached $57.3M as of April 9, 2025
- Ranger Finance ICO added approximately $9.1M to MetaDAO's AUF
- MetaDAO has launched 10 projects to date as of April 2025
- MetaDAO ICO sales use a 4-day deposit period with USDC
- MetaDAO was considering a 'strategic reset' to its platform model in April 2025
