From 289c71596b26526f89d80baaa0f7df7cef3dfff2 Mon Sep 17 00:00:00 2001 From: Teleo Agents Date: Thu, 12 Mar 2026 14:39:35 +0000 Subject: [PATCH] rio: extract from 2026-03-03-futardio-launch-manna-finance.md - Source: inbox/archive/2026-03-03-futardio-launch-manna-finance.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 6) Pentagon-Agent: Rio --- entities/internet-finance/futardio.md | 1 + .../manna-finance-futardio-fundraise.md | 45 +++++++++++++++++++ entities/internet-finance/manna-finance.md | 29 ++++++++++++ ...026-03-03-futardio-launch-manna-finance.md | 14 +++++- 4 files changed, 88 insertions(+), 1 deletion(-) create mode 100644 entities/internet-finance/manna-finance-futardio-fundraise.md create mode 100644 entities/internet-finance/manna-finance.md diff --git a/entities/internet-finance/futardio.md b/entities/internet-finance/futardio.md index 3939e101..605f446e 100644 --- a/entities/internet-finance/futardio.md +++ b/entities/internet-finance/futardio.md @@ -46,6 +46,7 @@ MetaDAO's token launch platform. Implements "unruggable ICOs" — permissionless - **2026-03-07** — Areal DAO launch: $50K target, raised $11,654 (23.3%), REFUNDING status by 2026-03-08 — first documented failed futarchy-governed fundraise on platform - **2026-03-04** — [[seekervault]] fundraise launched targeting $75,000, closed next day with only $1,186 (1.6% of target) in refunding status +- **2026-03-03** — [[manna-finance-futardio-fundraise]] launched seeking $120K for zero-interest CDP protocol, closed next day with only $205 committed (0.17% of target), refunded ## Competitive Position - **Unique mechanism**: Only launch platform with futarchy-governed accountability and treasury return guarantees - **vs pump.fun**: pump.fun is memecoin launch (zero accountability, pure speculation). Futardio is ownership coin launch (futarchy governance, treasury enforcement). Different categories despite both being "launch platforms." diff --git a/entities/internet-finance/manna-finance-futardio-fundraise.md b/entities/internet-finance/manna-finance-futardio-fundraise.md new file mode 100644 index 00000000..fb2beea6 --- /dev/null +++ b/entities/internet-finance/manna-finance-futardio-fundraise.md @@ -0,0 +1,45 @@ +--- +type: entity +entity_type: decision_market +name: "Manna Finance: Futardio Fundraise" +domain: internet-finance +status: failed +parent_entity: "[[manna-finance]]" +platform: "futardio" +proposer: "Manna Finance team" +proposal_url: "https://www.futard.io/launch/5whxoTjxW4oKeSN4C8yf5JUur7pcSChkPWgmhSZQ8oD5" +proposal_date: 2026-03-03 +resolution_date: 2026-03-04 +category: "fundraise" +summary: "Zero-interest CDP protocol on Solana seeking $120K for 12-month runway to build Liquity-style stablecoin with MetaDAO governance" +tracked_by: rio +created: 2026-03-11 +key_metrics: + raise_target: "$120,000" + total_committed: "$205" + outcome: "refunded" + duration_days: 1 +--- + +# Manna Finance: Futardio Fundraise + +## Summary +Manna Finance attempted to raise $120,000 through Futardio to fund development and launch of a zero-interest CDP protocol on Solana. The protocol would allow users to deposit SOL and mint solUSD stablecoin with no ongoing interest, only a one-time borrowing fee. The raise sought 12 months of runway at $10K/month for security audit, mainnet deployment, and team compensation. The fundraise failed dramatically, attracting only $205 in commitments (0.17% of target) before closing after one day. + +## Market Data +- **Outcome:** Failed (refunded) +- **Raise Target:** $120,000 +- **Total Committed:** $205 +- **Oversubscription:** 0.17% +- **Duration:** 1 day (2026-03-03 to 2026-03-04) + +## Significance +This represents one of the most severe fundraise failures on Futardio's platform, with the raise attracting less than 0.2% of its target. The failure occurred despite a detailed technical proposal, competitive analysis, clear roadmap, and alignment with Futardio's futarchy governance philosophy. The project had completed significant technical work (smart contracts, SDK, test suite) before attempting the raise. + +The failure suggests either: (1) market skepticism about yet another stablecoin project in a crowded Solana stablecoin landscape, (2) insufficient community building before the raise, (3) timing issues with broader market conditions, or (4) fundamental questions about product-market fit for zero-interest CDPs on Solana given existing alternatives. + +## Relationship to KB +- [[manna-finance]] — parent entity +- [[futardio]] — fundraising platform +- [[MetaDAO]] — planned governance mechanism +- Contrasts with successful Futardio raises like [[futardio-cult-raised-11-4-million-in-one-day-through-futarchy-governed-meme-coin-launch]] \ No newline at end of file diff --git a/entities/internet-finance/manna-finance.md b/entities/internet-finance/manna-finance.md new file mode 100644 index 00000000..eb74651e --- /dev/null +++ b/entities/internet-finance/manna-finance.md @@ -0,0 +1,29 @@ +--- +type: entity +entity_type: company +name: "Manna Finance" +domain: internet-finance +status: failed +tracked_by: rio +created: 2026-03-11 +key_metrics: + raise_target: "$120,000" + total_committed: "$205" + raise_outcome: "refunded" + oversubscription_ratio: 0.0017 +--- + +# Manna Finance + +Manna Finance is a zero-interest CDP protocol on Solana modeled after Liquity V1. Users deposit SOL as collateral to mint solUSD stablecoin with only a one-time borrowing fee and no ongoing interest. The protocol maintains its peg through redemptions (solUSD exchangeable for $1 of SOL) and liquidations via a Stability Pool. Governance was planned via MetaDAO futarchy from launch. + +The project attempted to raise $120,000 through Futardio in March 2026 but received only $205 in commitments, resulting in a refund. The protocol had completed core smart contract development (11 Anchor/Rust instructions), TypeScript SDK, test suite, and landing page before the failed raise. + +## Timeline +- **2026-03-03** — [[manna-finance-futardio-fundraise]] launched on Futardio seeking $120K for 12-month runway +- **2026-03-04** — Fundraise closed with $205 committed (0.17% of target), status: refunding + +## Relationship to KB +- [[futardio]] — fundraising platform +- [[MetaDAO]] — planned governance mechanism +- Competitive positioning against [[solomon]], Jupiter (jupUSD), and centralized stablecoins \ No newline at end of file diff --git a/inbox/archive/2026-03-03-futardio-launch-manna-finance.md b/inbox/archive/2026-03-03-futardio-launch-manna-finance.md index 51ad91a2..020b9e69 100644 --- a/inbox/archive/2026-03-03-futardio-launch-manna-finance.md +++ b/inbox/archive/2026-03-03-futardio-launch-manna-finance.md @@ -6,9 +6,13 @@ url: "https://www.futard.io/launch/5whxoTjxW4oKeSN4C8yf5JUur7pcSChkPWgmhSZQ8oD5" date: 2026-03-03 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: "This is a failed fundraise announcement with detailed project documentation but no novel claims about futarchy mechanisms or market dynamics. The extreme failure rate (0.17% subscription) is a data point but not sufficient alone to make a claim about futarchy fundraising dynamics without additional context or pattern evidence. Created entity pages for Manna Finance and the decision market, added timeline entry to Futardio. The competitive analysis table and technical details are preserved in the entity page for reference." --- ## Launch Details @@ -186,3 +190,11 @@ We're not pitching to VCs. We're raising from the community that will use and go - Token mint: `DQuz3AeodGAoyXV5MG56F1ZqvgRpn1VhFwFskW6Jmeta` - Version: v0.7 - Closed: 2026-03-04 + + +## Key Facts +- Manna Finance raised $205 of $120,000 target on Futardio (2026-03-03) +- Manna Finance fundraise had 0.17% subscription rate, lowest observed on Futardio +- Manna Finance planned 125% minimum collateral ratio for SOL-backed solUSD +- Manna Finance planned $10K/month burn rate: 70% team, 10% infrastructure, 15% marketing, 5% security/legal +- Solana stablecoin landscape includes USX (Solstice), USDv (Solomon), jupUSD (Jupiter), USDGO (OSL) as of March 2026