---
type: claim
domain: internet-finance
description: "First futarchy-governed agricultural operation using conditional markets for capital deployment decisions"
confidence: experimental
source: "MycoRealms launch on Futardio, 2026-01-01"
created: 2026-01-01
secondary_domains: [mechanisms]
---

# MycoRealms demonstrates futarchy-governed physical infrastructure through $125K mushroom farm raise with market-controlled CAPEX deployment

MycoRealms is the first attempted application of futarchy governance to real-world physical infrastructure, raising $125,000 USDC to build a mushroom farming operation where all capital expenditures beyond a $10,000 monthly allowance require conditional market approval. The first post-raise proposal will be a $50,000 CAPEX withdrawal for construction and infrastructure, which must pass through decision markets before funds deploy.

The team cannot access the treasury directly — they operate on a defined monthly allowance with any expenditure beyond that requiring a futarchy proposal and market approval. Every invoice, expense, harvest record, and operational photo will be published on a public operations ledger via Arweave.

This extends futarchy from digital governance to physical operations with measurable variables (temperature, humidity, CO2, yield) that can be transparently reported and verified. The project tests whether decentralized governance can coordinate real-world production at the scale of a commercial farming operation, though no precedent exists for this application.

## Evidence

- MycoRealms raising $125,000 USDC on Futardio (MetaDAO platform) with 72-hour permissionless raise window
- First proposal post-raise: $50,000 USD CAPEX withdrawal requiring decision market passage before deployment
- Monthly treasury allowance: $10,000 (all expenditures beyond this require futarchy approval)
- Team has zero direct treasury access — operates only on allowance
- All operational data (invoices, expenses, harvest records, photos) published to Arweave
- Production facility: climate-controlled button mushroom farm with measurable variables (temperature, humidity, CO2, yield)
- Team background: crypticmeta (Solana/Bitcoin developer, built OrdinalNovus exchange with $30M volume), Ram (5+ years commercial mushroom production, managed 5-6 growing units across 5 states)

## Operational Friction Points

This is the first implementation — no track record exists for futarchy-governed physical infrastructure. Key challenges:

- Market liquidity for CAPEX decisions may be insufficient for price discovery on large binary decisions ($50K withdrawal)
- Operational complexity of agriculture may exceed what conditional markets can effectively govern (fixed vendor deadlines, construction timelines, seasonal constraints)
- Transparency requirements (publishing all operational data to Arweave) may create competitive disadvantages in wholesale markets
- Team performance unlocks tied to 2x/4x/8x/16x/32x token price with 18-month cliff — unproven alignment mechanism for physical operations with high operational burn
- Tension between real-world operational requirements (fixed deadlines, vendor deposits) and futarchy's market-based approval process


### Additional Evidence (extend)
*Source: [[2026-01-01-futardio-launch-mycorealms]] | Added: 2026-03-16*

MycoRealms implements performance-based team token unlocking with 5 tranches at 2x, 4x, 8x, 16x, and 32x ICO price via 3-month TWAP with 18-month minimum cliff, meaning team receives zero tokens at launch and nothing if price never reaches 2x. This creates alignment without initial dilution in physical infrastructure context.

---

Relevant Notes:
- 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
- futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance.md
- futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements.md

Topics:
- internet-finance/_map
- mechanisms/_map