---
type: decision
entity_type: decision_market
name: "Avici: Futardio Launch"
domain: internet-finance
status: passed
parent_entity: "[[avici]]"
platform: "futardio"
proposal_url: "https://v1.metadao.fi/avici/trade/2rYvdtK8ovuSziJuy5gTTPtviY5CfTnW6Pps4pk7ehEq"
proposal_date: 2025-10-14
resolution_date: 2025-10-18
category: "fundraise"
summary: "Avici raised $34.2M against $2M target through futarchy-governed launch for distributed internet banking infrastructure"
key_metrics:
  funding_target: "$2,000,000"
  total_committed: "$34,230,976"
  final_raise: "$3,500,000"
  oversubscription_ratio: 17.1
  token_symbol: "AVICI"
  token_mint: "BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta"
  platform_version: "v0.6"
tracked_by: rio
created: 2026-03-11
---

# Avici: Futardio Launch

## Summary

Avici launched a futarchy-governed fundraise on Futardio to build distributed internet banking infrastructure including spend cards, internet-native trust scores, and unsecured lending. The project targeted $2M but received $34.2M in commitments (17x oversubscribed), ultimately raising $3.5M and closing after 4 days.

## Market Data

- **Outcome:** Passed (fundraise completed)
- **Launch Date:** 2025-10-14
- **Close Date:** 2025-10-18
- **Target:** $2,000,000
- **Committed:** $34,230,976
- **Final Raise:** $3,500,000
- **Oversubscription:** 17.1x

## Significance

This launch demonstrates futarchy-governed fundraising attracting significant capital for infrastructure projects beyond meme coins. The 17x oversubscription indicates market demand for reputation-based undercollateralized lending infrastructure, a gap identified by Vitalik Buterin as missing from onchain finance.

The project's thesis challenges the commodity theory of money, arguing money originated as credit (a social ledger) rather than barter, positioning onchain reputation systems as necessary infrastructure for fiat independence.

## Relationship to KB

- [[avici]] — parent entity
- [[futardio]] — launch platform
- [[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]] — platform mechanism
- [[internet capital markets compress fundraising from months to days because permissionless raises eliminate gatekeepers while futarchy replaces due diligence bottlenecks with real-time market pricing]] — demonstrates compression thesis

## Full Proposal Text

*Source: futard.io, launched 2025-10-14*

Avici DAO: Distributed internet banking infrastructure — spend cards, internet-native trust scores, unsecured loans, and mortgages.

**Thesis:** Money originated from credit systems, not barter. Avici builds reputation-based undercollateralized lending for crypto.

**Raise:** Target $2,000,000. Total committed: $34,230,976. Final raise: $3,500,000 (17.1x oversubscribed). Closed 2025-10-18.

**Token:** AVICI (BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta). Website: avici.money
