# Ranger Finance Liquidation (March 2026)

**Status:** Passed  
**Vote Support:** 97%  
**Trading Volume:** $581,000  
**Category:** Liquidation  
**Date:** March 2026  

## Decision

MetaDAO governance voted to wind down Ranger Finance, pull liquidity, and return approximately 5M USDC to unlocked RNGR holders at roughly $0.78 book value. Intellectual property was returned to the founding team.

## Outcome

The proposal passed with 97% support and $581K in trading volume on the conditional markets. This represents the second futarchy-governed liquidation on MetaDAO after mtnCapital in September 2025.

## Significance

This liquidation demonstrates the enforcement mechanism of "unruggable ICOs" where investors can use conditional markets to force full treasury return when teams are not delivering. The clean execution of two liquidations within six months validates the mechanism as operational rather than theoretical.

## Market Analysis

From Rio's analysis: "This is what makes ownership coins different from every other token launch mechanism. The enforcement isn't social pressure or legal threats, it's a conditional market where anyone can express 'this project should return capital' and if enough informed money agrees, it happens automatically."

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**Source:** Telegram conversation with @m3taversal, March 23, 2026