diff --git a/entities/internet-finance/coal-establish-development-fund.md b/entities/internet-finance/coal-establish-development-fund.md
new file mode 100644
index 00000000..fd790221
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+++ b/entities/internet-finance/coal-establish-development-fund.md
@@ -0,0 +1,52 @@
+---
+type: entity
+entity_type: decision_market
+name: "COAL: Establish Development Fund?"
+domain: internet-finance
+status: failed
+parent_entity: "coal"
+platform: "futardio"
+proposer: "AH7F2EPHXWhfF5yc7xnv1zPbwz3YqD6CtAqbCyE9dy7r"
+proposal_url: "https://www.futard.io/proposal/DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U"
+proposal_date: 2024-12-05
+resolution_date: 2024-12-08
+category: "treasury"
+summary: "Proposal to allocate 4.2% of mining emissions to a development fund for protocol development, community rewards, and marketing"
+tracked_by: rio
+created: 2026-03-11
+---
+
+# COAL: Establish Development Fund?
+
+## Summary
+Proposal to establish a development fund through a 4.2% emissions allocation (472.5 COAL/day) to support protocol development, reward community contributions, and enable marketing initiatives. The allocation would increase total supply growth by 4.2% rather than reducing mining rewards. Failed after 3-day voting period.
+
+## Market Data
+- **Outcome:** Failed
+- **Proposer:** AH7F2EPHXWhfF5yc7xnv1zPbwz3YqD6CtAqbCyE9dy7r
+- **Proposal Account:** DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U
+- **DAO Account:** 3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG
+- **Duration:** 2024-12-05 to 2024-12-08 (3 days)
+- **Autocrat Version:** 0.3
+
+## Proposal Details
+- **Allocation Rate:** 4.2% of current mining emission rate
+- **Daily Amount:** 472.5 COAL (from 11,250 base rate)
+- **Distribution:** Weekly claims to DAO-managed multisig
+- **Transparency:** Public tracking of all expenditures
+- **Impact on Miners:** No reduction in mining rewards; increases total supply growth by 4.2%
+
+## Significance
+This proposal represents a critical governance decision for COAL's transition from pure fair-launch model to sustainable development funding. The failure indicates community preference for maintaining the original zero-allocation tokenomics despite the project's stated need for development resources. The rejection suggests either:
+1. Strong miner resistance to any dilution of their share
+2. Lack of trust in DAO treasury management
+3. Preference for alternative funding mechanisms
+
+The 4.2% rate was designed to avoid reducing mining rewards, but the proposal still failed, suggesting the community values supply scarcity over development funding.
+
+## Context
+COAL launched in August 2024 as a fair-launch project with no pre-mine or team allocation. This proposal was the first attempt to establish ongoing development funding through emissions rather than one-time treasury actions.
+
+## Relationship to KB
+- [[futardio]] - governance platform
+- [[MetaDAOs Autocrat program implements futarchy through conditional token markets where proposals create parallel pass and fail universes settled by time-weighted average price over a three-day window]] - mechanism used
diff --git a/entities/internet-finance/coal.md b/entities/internet-finance/coal.md
new file mode 100644
index 00000000..f020b9f5
--- /dev/null
+++ b/entities/internet-finance/coal.md
@@ -0,0 +1,23 @@
+---
+type: entity
+entity_type: company
+name: "COAL"
+domain: internet-finance
+status: active
+tracked_by: rio
+created: 2026-03-11
+---
+
+# COAL
+
+## Overview
+COAL is a fair-launch cryptocurrency project on Solana that launched in August 2024 with no pre-mine or team allocation. The project uses futarchy governance through Futardio for protocol decisions and operates with a mining-based token distribution model.
+
+## Timeline
+- **2024-08** — Fair launch with zero pre-mine or team allocation
+- **2024-12-05** — [[coal-establish-development-fund]] proposed: 4.2% emissions allocation for development fund
+- **2024-12-08** — Development fund proposal failed, maintaining pure fair-launch tokenomics
+
+## Relationship to KB
+- [[futardio]] - governance platform
+- [[MetaDAO]] - futarchy infrastructure provider
diff --git a/inbox/archive/2024-12-05-futardio-proposal-establish-development-fund.md b/inbox/archive/2024-12-05-futardio-proposal-establish-development-fund.md
index 6538a0d3..4f927bfe 100644
--- a/inbox/archive/2024-12-05-futardio-proposal-establish-development-fund.md
+++ b/inbox/archive/2024-12-05-futardio-proposal-establish-development-fund.md
@@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7
 date: 2024-12-05
 domain: internet-finance
 format: data
-status: unprocessed
+status: processed
 tags: [futardio, metadao, futarchy, solana, governance]
 event_type: proposal
+processed_by: rio
+processed_date: 2026-03-11
+extraction_model: "anthropic/claude-sonnet-4.5"
+extraction_notes: "Factual governance proposal data. Created decision_market entity for the proposal and parent entity for COAL project. No extractable claims - this is pure event data documenting a failed treasury allocation vote. The proposal's failure is significant for understanding community preferences around fair-launch tokenomics vs development funding, but doesn't contain novel mechanism insights or arguable propositions beyond the documented outcome."
 ---
 
 ## Proposal Details
@@ -71,3 +75,11 @@ If the emission rate were adjusted to 10,000 \$COAL/day:
 - Autocrat version: 0.3
 - Completed: 2024-12-08
 - Ended: 2024-12-08
+
+
+## Key Facts
+- COAL launched August 2024 as fair-launch project with no pre-mine
+- Development fund proposal: 4.2% emissions allocation = 472.5 COAL/day
+- Proposal failed 2024-12-08 after 3-day voting period
+- Current mining emission rate: 11,250 COAL/day
+- DAO account: 3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG