diff --git a/domains/internet-finance/metadao-ico-platform-demonstrates-15x-oversubscription-validating-futarchy-governed-capital-formation.md b/domains/internet-finance/metadao-ico-platform-demonstrates-15x-oversubscription-validating-futarchy-governed-capital-formation.md
index 1762511f..fc4a90a2 100644
--- a/domains/internet-finance/metadao-ico-platform-demonstrates-15x-oversubscription-validating-futarchy-governed-capital-formation.md
+++ b/domains/internet-finance/metadao-ico-platform-demonstrates-15x-oversubscription-validating-futarchy-governed-capital-formation.md
@@ -44,10 +44,16 @@ Loyal's fundraise achieved 151x oversubscription ($75.9M committed vs $500K targ
 
 
 ### 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 raised $102.9M committed against $2M target (51x oversubscription), closing at $8M final raise. This adds to the pattern of massive oversubscription on futarchy-governed launches, following earlier examples like Cult's $11.4M single-day raise.
 
+
+### Additional Evidence (challenge)
+*Source: [[2026-02-03-futardio-launch-hurupay]] | Added: 2026-03-16*
+
+Hurupay raised $2,003,593 against a $3,000,000 target (67% of goal) and entered 'Refunding' status, demonstrating that futarchy-governed fundraises can fail to meet targets. This contrasts with the 15x oversubscription pattern and suggests market mechanisms can reject projects even with demonstrated traction ($36M+ processed volume, $500K+ revenue, 30K+ users).
+
 ---
 
 Relevant Notes:
diff --git a/inbox/archive/2026-02-03-futardio-launch-hurupay.md b/inbox/archive/2026-02-03-futardio-launch-hurupay.md
index 5e8b9c84..0776019b 100644
--- a/inbox/archive/2026-02-03-futardio-launch-hurupay.md
+++ b/inbox/archive/2026-02-03-futardio-launch-hurupay.md
@@ -6,9 +6,13 @@ url: "https://www.futard.io/launch/HT3ScC7gyo3zTn95s9jR7J3ez5u8HrRfFwD33YjMHLy3"
 date: 2026-02-03
 domain: internet-finance
 format: data
-status: unprocessed
+status: enrichment
 tags: [futardio, metadao, futarchy, solana]
 event_type: launch
+processed_by: rio
+processed_date: 2026-03-16
+enrichments_applied: ["metadao-ico-platform-demonstrates-15x-oversubscription-validating-futarchy-governed-capital-formation.md"]
+extraction_model: "anthropic/claude-sonnet-4.5"
 ---
 
 ## Launch Details
@@ -237,3 +241,15 @@ Cayman SPC Agreement: [Formation Summary](https://cybercorps.metalex.tech/metada
 - Token mint: `HURUsdbnMfQSi6khLigf5As8wh2CGNnS2fxHDDXCmeta`
 - Version: v0.7
 - Closed: 2026-02-07
+
+
+## Key Facts
+- Hurupay processed $36M+ in total transaction volume over 12 months
+- Hurupay grew from $1.8M/month to $7.2M/month in 6 months (32% MoM growth)
+- Hurupay has 30,000+ users across Asia, Africa, Europe, and the U.S.
+- Hurupay generated $500K+ in revenue
+- Hurupay raised $2,003,593 against $3,000,000 target on Futardio (Feb 2026)
+- Hurupay token allocation: 39.02% ICO, 11.31% liquidity, 42.66% team (3-year lockup), 7% previous investors (2-year vest)
+- Hurupay monthly spending allowance: $250K
+- Hurupay DAO configuration: 300bps pass threshold, 1.5M HURU stake requirement, 3-day proposal duration
+- Foreign exchange is a $6.5T/day market