---
type: decision
entity_type: decision_market
name: "Solomon: Futardio ICO Launch"
domain: internet-finance
status: passed
parent_entity: "[[solomon]]"
platform: "futardio"
proposer: "Solomon Labs"
proposal_url: "https://v1.metadao.fi/solomon/trade/634r63NH2qbTrSVyLieC3Ab3YKaEfoGnCLM8idZMEycE"
proposal_date: 2025-11-14
resolution_date: 2025-11-18
category: "launch"
summary: "Solomon Labs raised $8M via MetaDAO ICO for composable yield-bearing stablecoin (USDv) — $102.9M committed against $2M minimum"
tracked_by: rio
created: 2026-03-24
source_archive: "inbox/archive/2025-11-14-futardio-launch-solomon.md"
---

# Solomon: Futardio ICO Launch

## Summary
Solomon Labs, building USDv (a composable yield-bearing stablecoin on Solana), raised $8M via MetaDAO's futarchy-governed ICO. $102.9M committed against $2M minimum (51.5x oversubscribed). USDv stays at $1 via two-way market making, earns yield from basis trade strategy (long spot, short perp) and T-bills. Yield delivered via sUSDv (permissionless staking) or Yield-as-a-Service for protocols. Ran live in closed beta for one year with seven-figure TVL and zero incidents through multiple market shocks.

## Market Data
- **Outcome:** Complete
- **Total Committed:** $102,932,673
- **Final Raise:** $8,000,000
- **Minimum:** $2,000,000
- **Duration:** 2025-11-14 to 2025-11-18
- **Token:** SOLO (SoLo9oxzLDpcq1dpqAgMwgce5WqkRDtNXK7EPnbmeta)

## Significance
Largest MetaDAO ICO by commitment volume ($102.9M). Demonstrates that futarchy-governed fundraising can attract institutional-scale capital for infrastructure projects. Solomon's approach — composable stablecoin with basis trade yield — represents DeFi infrastructure rather than speculative memecoin, validating MetaDAO's expansion beyond governance experiments.

## Relationship to KB
- [[solomon]] — parent entity
- [[metadao]] — ICO platform
- [[MetaDAO oversubscription is rational capital cycling under pro-rata not governance validation]] — Solomon's 51.5x is another instance of pro-rata capital cycling

## Full Proposal Text

*Source: futard.io, launched 2025-11-14*

Solomon is building a more composable dollar that stays at $1, doesn't rebase, and earns. Over $150B of stable capital is idle across chains because yield designs require staking into a separate, drifting or rebasing unit that breaks composability.

USDv: Solana-native, composable, kept at $1 via two-way market making. Stake for sUSDv (permissionless) or use Yield-as-a-Service for direct USDv yield. Yield from basis trade strategy (long spot, short perp) and T-bills. Automated trading infrastructure with custody segregated via Ceffu with insurance. Programs audited, admin via Squads multisig.

Raise: $2M minimum, $5-8M ideal target. Uses: treasury yield generation (~16% APR), liquidity mining for TVL growth, deeper USDv/USDC liquidity, improved venue terms. Default structure: 20% to seed liquidity, 80% to DAO treasury.
