---
type: entity
entity_type: company
name: "Solomon"
domain: internet-finance
handles: ["@solomon_labs"]
status: active
tracked_by: rio
created: 2026-03-11
last_updated: 2026-03-11
founded: 2025-11-14
founders: ["Ranga (@oxranga)"]
category: "Futardio-launched ownership coin with active futarchy governance (Solana)"
parent: "[[futardio]]"
stage: early
key_metrics:
  raise: "$8M raised ($103M committed — 13x oversubscription)"
  treasury: "$6.1M USDC"
  token_price: "$0.55"
  monthly_allowance: "$100K"
  governance: "Active futarchy governance + treasury subcommittee (DP-00001)"
competitors: []
built_on: ["Solana", "MetaDAO Autocrat"]
tags: ["ownership-coins", "futarchy", "treasury-management", "metadao-ecosystem"]
---

# Solomon

## Overview
One of the first successful Futardio launches. Raised $8M through the pro-rata mechanism ($103M committed = 13x oversubscription). Notable for implementing structured treasury management through futarchy — the treasury subcommittee proposal (DP-00001) established operational governance scaffolding on top of futarchy's market-based decision mechanism.

## Current State
- **Product**: USDv — yield-bearing stablecoin. YaaS (Yield-as-a-Service) streams yield to approved USDv holders, LP positions, and treasury balances without wrappers or vaults.
- **Governance**: Active futarchy governance through MetaDAO Autocrat. Treasury subcommittee proposal (DP-00001) passed March 9, 2026 (cleared 1.5% TWAP threshold by +2.22%). Moves up to $150K USDC into segregated legal budget, nominates 4 subcommittee designates.
- **Treasury**: Actively managed through buybacks and strategic allocations. DP-00001 is step 1 of 3: (1) legal/pre-formation, (2) SOLO buyback framework, (3) treasury account activation.
- **YaaS status**: Closed beta — LP volume crossed $1M, OroGold GOLD/USDv pool delivering 59.6% APY. First deployment drove +22.05% LP APY with 3.5x pool growth.
- **Significance**: Test case for whether futarchy-governed organizations converge on traditional corporate governance scaffolding for operations

## Timeline
- **2025-11-14** — Solomon launches via Futardio ($103M committed, $8M raised)
- **2026-02/03** — Lab Notes series (Ranga documenting progress publicly)
- **2026-03** — Treasury subcommittee proposal (DP-00001) — formalized operational governance

## Competitive Position
Solomon is not primarily a competitive entity — it's an existence proof. It demonstrates that futarchy-governed organizations can raise capital, manage treasuries, and create operational governance structures. The key question is whether the futarchy layer adds genuine value beyond what a normal startup with transparent treasury management would achieve.

## Investment Thesis
Solomon validates the ownership coin model: futarchy governance + permissionless capital formation + active treasury management. If Solomon outperforms comparable projects without futarchy governance, it strengthens the case for market-based governance as an organizational primitive.

**Thesis status:** WATCHING

## Relationship to KB
- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] — Solomon's DP-00001 is evidence for this
- [[ownership coins primary value proposition is investor protection not governance quality because anti-rug enforcement through market-governed liquidation creates credible exit guarantees that no amount of decision optimization can match]] — Solomon tests this

---

Relevant Entities:
- [[metadao]] — parent platform
- [[futardio]] — launch mechanism

Topics:
- [[internet finance and decision markets]]
