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)

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---
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 with 51.5x oversubscription"
key_metrics:
raise_target: "$2,000,000"
total_committed: "$102,932,673.08"
final_raise: "$8,000,000"
oversubscription_ratio: 51.5
token_allocation:
liquidity_seed: "20%"
treasury: "80%"
tracked_by: rio
created: 2026-03-11
---
# Solomon: Futardio Fundraise
## Summary
Solomon launched a futarchy-governed fundraise on Futardio targeting $2M minimum with an ideal range of $5-8M. The raise attracted $102.9M in commitments (51.5x oversubscription) and closed at $8M final raise after 4 days. The structure allocated 20% of gross to MetaDAO for seeding SOLO token liquidity and 80% to Solomon DAO treasury.
## Market Data
- **Outcome:** Passed (closed at target)
- **Launch date:** 2025-11-14
- **Close date:** 2025-11-18
- **Raise target:** $2M minimum, $5-8M ideal
- **Total committed:** $102.9M
- **Final raise:** $8M
- **Oversubscription:** 51.5x
## Product Context
Solomon builds USDv, a composable stablecoin that maintains $1 peg without rebasing while earning yield. The system offers two paths: permissionless staking (USDv → sUSDv for yield accrual) and permissioned Yield-as-a-Service for protocols requiring par-value dollars. Backend yield generation uses automated basis trading (long spot, short perp) and T-bills, with Ceffu custody and insurance coverage.
The project ran closed beta for one year with seven figures TVL and handled multiple market shocks including the October 10th Binance dislocation without incidents.
## Use of Capital
The $8M raise targets four deployment areas:
1. Put treasury to work immediately (targeting ~16% APR)
2. Fund liquidity mining to accelerate TVL growth
3. Seed deeper USDv/USDC liquidity
4. Reduce fees and improve terms with custody providers and exchanges
## Significance
This represents one of the largest futarchy-governed fundraises on the Futardio platform, demonstrating market appetite for yield-bearing stablecoin infrastructure. The 51.5x oversubscription with disciplined cap at $8M (rather than taking full $102.9M committed) shows governance restraint prioritizing sustainable deployment over maximum capital extraction.
## Relationship to KB
- [[solomon]] — parent entity
- [[futardio]] — launch platform
- [[metadao]] — receives 20% for 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
- [[internet-capital-markets-compress-fundraising-timelines]] — 4-day raise demonstrates compression

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@ -41,6 +41,8 @@ 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, reached $102.9M in commitments (51.5x oversubscription)
- **2025-11-18** — Closed fundraise at $8M final raise (capped from $102.9M committed), with 20% allocated to seed token liquidity and 80% to treasury
## 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.

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@ -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: "Factual fundraise data for Solomon's Futardio launch. No novel claims about futarchy mechanisms or stablecoin architecture beyond what's already captured in KB. Primary value is entity timeline data showing significant oversubscription (51.5x) and disciplined capital deployment cap."
---
## Launch Details
@ -69,3 +73,12 @@ 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 Solana-native composable stablecoin maintaining $1 peg without rebasing
- Solomon ran closed beta for one year with seven figures TVL before public launch
- Solomon custody segregated with Ceffu with insurance coverage
- Solomon Solana programs audited with admin operations via Squads multisig
- Solomon token: SoLo9oxzLDpcq1dpqAgMwgce5WqkRDtNXK7EPnbmeta
- Over $150B stable capital idle across chains due to yield design incompatibility