From 125a8863bbf71ef0fab46d43dece07979b5203cc Mon Sep 17 00:00:00 2001 From: Teleo Agents Date: Thu, 12 Mar 2026 08:57:33 +0000 Subject: [PATCH] rio: extract from 2025-11-14-futardio-launch-solomon.md - Source: inbox/archive/2025-11-14-futardio-launch-solomon.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 2) Pentagon-Agent: Rio --- .../solomon-futardio-fundraise.md | 67 +++++++++++++++++++ entities/internet-finance/solomon.md | 1 + .../2025-11-14-futardio-launch-solomon.md | 16 ++++- 3 files changed, 83 insertions(+), 1 deletion(-) create mode 100644 entities/internet-finance/solomon-futardio-fundraise.md diff --git a/entities/internet-finance/solomon-futardio-fundraise.md b/entities/internet-finance/solomon-futardio-fundraise.md new file mode 100644 index 000000000..5eafdc689 --- /dev/null +++ b/entities/internet-finance/solomon-futardio-fundraise.md @@ -0,0 +1,67 @@ +--- +type: entity +entity_type: decision_market +name: "Solomon: Futardio Fundraise" +domain: internet-finance +status: passed +parent_entity: "[[solomon]]" +platform: "futardio" +proposal_url: "https://www.futard.io/launch/634r63NH2qbTrSVyLieC3Ab3YKaEfoGnCLM8idZMEycE" +proposal_date: 2025-11-14 +resolution_date: 2025-11-18 +category: "fundraise" +summary: "Solomon raised $8M through futarchy-governed ICO on Futardio with 51.5x oversubscription" +key_metrics: + raise_target: "$2,000,000" + final_raise: "$8,000,000" + total_committed: "$102,932,673.08" + oversubscription_ratio: 51.5 + token_allocation: + metadao_liquidity: "20% of gross" + solomon_treasury: "80% of net" +tracked_by: rio +created: 2026-03-11 +--- + +# Solomon: Futardio Fundraise + +## Summary + +Solomon launched its futarchy-governed fundraise on Futardio on November 14, 2025, targeting $2M minimum with an ideal range of $5-8M. The raise closed four days later at $8M final allocation despite $102.9M in total commitments, representing 51.5x oversubscription. The structure allocated 20% of gross to MetaDAO for SOLO token liquidity seeding and 80% of net proceeds to Solomon DAO treasury. + +## Market Data + +- **Outcome:** Passed (closed at maximum target) +- **Launch date:** 2025-11-14 +- **Close date:** 2025-11-18 +- **Raise target:** $2M minimum, $5-8M ideal +- **Final raise:** $8M +- **Total committed:** $102.9M +- **Oversubscription:** 51.5x + +## Product Context + +Solomon builds USDv, a non-rebasing yield-bearing stablecoin on Solana. The product maintains $1 peg through two-way market making while generating yield via basis trading (long spot, short perp) and T-bills. Users can stake USDv for sUSDv to earn yield, or access permissioned Yield-as-a-Service that delivers yield directly to USDv holdings. + +The project ran closed beta for one year with seven-figure TVL before this public raise, handling market stress events including the October 10th Binance price dislocation without incidents. + +## Capital Deployment Plan + +The $8M raise targets four uses: +1. Deploy treasury capital immediately (targeting ~16% APR) +2. Fund liquidity mining to accelerate TVL growth +3. Seed deeper USDv/USDC liquidity pools +4. Reduce custody and exchange venue fees through volume commitments + +## Significance + +This represents one of the larger futarchy-governed fundraises on the Futardio platform, demonstrating market appetite for yield-bearing stablecoin infrastructure. The 51.5x oversubscription with disciplined final allocation (capping at stated ideal range rather than maximizing raise) shows the platform's ability to handle extreme demand while maintaining governance integrity. + +The raise structure—splitting proceeds between MetaDAO liquidity provision and project treasury—implements the standard Futardio model where the platform captures value through token liquidity rather than direct fees. + +## Relationship to KB + +- [[solomon]] — parent entity, company building USDv stablecoin +- [[futardio]] — platform enabling futarchy-governed fundraise +- [[metadao]] — receives 20% of gross for SOLO liquidity seeding +- [[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]] — mechanism context diff --git a/entities/internet-finance/solomon.md b/entities/internet-finance/solomon.md index c33ae9b73..da2669ce6 100644 --- a/entities/internet-finance/solomon.md +++ b/entities/internet-finance/solomon.md @@ -41,6 +41,7 @@ One of the first successful Futardio launches. Raised $8M through the pro-rata m - **2026-02/03** — Lab Notes series (Ranga documenting progress publicly) - **2026-03** — Treasury subcommittee proposal (DP-00001) — formalized operational governance +- **2025-11-14** — Launched futarchy-governed fundraise on Futardio with $2M target, closed 2025-11-18 at $8M final raise with $102.9M total committed (51.5x oversubscription) ## 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. diff --git a/inbox/archive/2025-11-14-futardio-launch-solomon.md b/inbox/archive/2025-11-14-futardio-launch-solomon.md index a4dce9a1b..a4f83a64a 100644 --- a/inbox/archive/2025-11-14-futardio-launch-solomon.md +++ b/inbox/archive/2025-11-14-futardio-launch-solomon.md @@ -6,9 +6,13 @@ url: "https://www.futard.io/launch/634r63NH2qbTrSVyLieC3Ab3YKaEfoGnCLM8idZMEycE" date: 2025-11-14 domain: internet-finance format: data -status: unprocessed +status: processed tags: [futardio, metadao, futarchy, solana] event_type: launch +processed_by: rio +processed_date: 2026-03-11 +extraction_model: "anthropic/claude-sonnet-4.5" +extraction_notes: "Source is a Futardio launch page for Solomon fundraise. Primary extraction is decision_market entity for the fundraise event plus timeline update to parent Solomon entity. No novel claims—this is factual fundraise data (amounts, dates, structure). Key product details preserved as facts in source archive. The oversubscription ratio and disciplined cap at stated target are notable but not claim-worthy without comparative context across multiple raises." --- ## Launch Details @@ -69,3 +73,13 @@ Solomon is the first stablecoin system that can sit everywhere money sits. Walle - Version: v0.6 - Final raise: $8,000,000.00 - Closed: 2025-11-18 + + +## Key Facts +- Solomon USDv is non-rebasing yield-bearing stablecoin on Solana +- Solomon ran closed beta for one year with seven-figure TVL before public raise +- Solomon custody segregated with Ceffu with insurance coverage +- Solomon Solana programs audited with admin operations via Squads multisig +- Solomon token: SoLo9oxzLDpcq1dpqAgMwgce5WqkRDtNXK7EPnbmeta +- Solomon basis trading strategy targets ~16% APR +- Over $150B stable capital sits idle across chains per Solomon analysis