From 20bdbee467810eb475ae3c5a1d70b940b1d19299 Mon Sep 17 00:00:00 2001 From: Teleo Agents Date: Wed, 25 Mar 2026 13:41:27 +0000 Subject: [PATCH] auto-fix: strip 4 broken wiki links Pipeline auto-fixer: removed [[ ]] brackets from links that don't resolve to existing claims in the knowledge base. --- ...-while-price-friction-selects-for-wealthy-speculators.md | 2 +- ...inefficiency-through-massive-oversubscription-refunds.md | 6 +++--- 2 files changed, 4 insertions(+), 4 deletions(-) diff --git a/domains/internet-finance/access-friction-functions-as-a-natural-conviction-filter-in-token-launches-because-process-difficulty-selects-for-genuine-believers-while-price-friction-selects-for-wealthy-speculators.md b/domains/internet-finance/access-friction-functions-as-a-natural-conviction-filter-in-token-launches-because-process-difficulty-selects-for-genuine-believers-while-price-friction-selects-for-wealthy-speculators.md index 445885163..90c129b84 100644 --- a/domains/internet-finance/access-friction-functions-as-a-natural-conviction-filter-in-token-launches-because-process-difficulty-selects-for-genuine-believers-while-price-friction-selects-for-wealthy-speculators.md +++ b/domains/internet-finance/access-friction-functions-as-a-natural-conviction-filter-in-token-launches-because-process-difficulty-selects-for-genuine-believers-while-price-friction-selects-for-wealthy-speculators.md @@ -51,7 +51,7 @@ Access friction and price friction filter for different populations: --- ### Additional Evidence (extend) -*Source: [[2026-03-25-telegram-m3taversal-futairdbot-https-x-com-sjdedic-status-203424109]] | Added: 2026-03-25* +*Source: 2026-03-25-telegram-m3taversal-futairdbot-https-x-com-sjdedic-status-203424109 | Added: 2026-03-25* P2P's XP-tiered allocation system creates process friction that filters for users who actually used the product rather than capital allocators showing up for the ICO. This is a deliberate filter mechanism where the people who get the biggest allocations are those who already demonstrated they're the target userbase, validating that process friction can select for genuine users over speculators. diff --git a/domains/internet-finance/pro-rata-ico-allocation-creates-capital-inefficiency-through-massive-oversubscription-refunds.md b/domains/internet-finance/pro-rata-ico-allocation-creates-capital-inefficiency-through-massive-oversubscription-refunds.md index bc8786070..0d431c256 100644 --- a/domains/internet-finance/pro-rata-ico-allocation-creates-capital-inefficiency-through-massive-oversubscription-refunds.md +++ b/domains/internet-finance/pro-rata-ico-allocation-creates-capital-inefficiency-through-massive-oversubscription-refunds.md @@ -30,20 +30,20 @@ The lower volatility in recent launches could reflect declining speculative inte ### Additional Evidence (confirm) -*Source: [[2025-11-14-futardio-launch-solomon]] | Added: 2026-03-16* +*Source: 2025-11-14-futardio-launch-solomon | Added: 2026-03-16* Solomon's 51x oversubscription ($102.9M committed vs $8M accepted) required returning $94.9M to participants, demonstrating the capital inefficiency of oversubscribed raises even when the platform caps final acceptance. ### Additional Evidence (confirm) -*Source: [[2026-03-09-futarddotio-x-archive]] | Added: 2026-03-16* +*Source: 2026-03-09-futarddotio-x-archive | Added: 2026-03-16* The 220x oversubscription on Futardio's first raise means ~$10.95M had to be refunded through automated pro-rata allocation, demonstrating the capital inefficiency at extreme scale. The automated refund mechanism handled this cleanly but the capital was temporarily locked. --- ### Additional Evidence (extend) -*Source: [[2026-03-23-umbra-ico-155m-commitments-metadao-platform-recovery]] | Added: 2026-03-23* +*Source: 2026-03-23-umbra-ico-155m-commitments-metadao-platform-recovery | Added: 2026-03-23* Umbra's 206x oversubscription ($155M committed vs $3M raised) resulted in each subscriber receiving approximately 2% of their committed allocation, requiring ~$152M in refunds. This represents the largest documented capital inefficiency case in MetaDAO ICO history, with 98% of committed capital returned unused.