diff --git a/decisions/internet-finance/ranger-finance-liquidation-march-2026.md b/decisions/internet-finance/ranger-finance-liquidation-march-2026.md
new file mode 100644
index 000000000..e05dbe83d
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+++ b/decisions/internet-finance/ranger-finance-liquidation-march-2026.md
@@ -0,0 +1,72 @@
+---
+type: decision
+domain: internet-finance
+parent_entity: ranger-finance
+status: passed
+category: liquidation
+date: 2026-03-13
+resolution_date: 2026-03-17
+created: 2026-03-24
+---
+
+# Ranger Finance Liquidation — March 2026
+
+**Parent Entity:** [[ranger-finance]]
+**Decision Date:** March 13, 2026
+**Resolution Date:** March 17, 2026
+**Status:** Passed
+**Category:** Liquidation
+
+## Summary
+
+MetaDAO's futarchy governance voted to liquidate Ranger Finance following documented material misrepresentation during its ICO. The decision returned $5,047,250 USDC to unlocked RNGR token holders.
+
+## Background
+
+Ranger Finance raised ~$8M+ on MetaDAO's ICO platform with specific performance claims:
+- **Claimed:** $5 billion in trading volume and $2 million in revenue by 2025
+- **Actual:** ~$2 billion in trading volume (~40% of claimed) and ~$500K in revenue (~25% of claimed)
+
+Blockchain data revealed the significant discrepancy between fundraising claims and actual performance. RNGR token holders filed challenges citing material misrepresentation.
+
+## Governance Process
+
+**Mechanism:** Futarchy conditional markets
+
+**Market Activity:**
+- Reported 97% support for liquidation (telegram source, unverified)
+- $581K traded on conditional markets (telegram source, unverified)
+- If accurate, this would be the highest-volume governance decision in MetaDAO history for a single-project matter
+
+**Outcome:** Decisive vote to liquidate
+
+## Liquidation Terms
+
+**Capital Return:**
+- $5,047,250 USDC removed from treasury and liquidity pool
+- Distribution: ~$0.75–$0.82/token book value
+- Eligible recipients: All unlocked RNGR holders
+
+**Process:**
+- Wallet snapshot: March 13, 2026 at 8:00 AM UTC+8
+- Liquidation portal launched: March 17, 2026
+- All intellectual property returned to Glint House PTE (founding team)
+
+## Significance
+
+**Second Successful Futarchy Liquidation:** This is the second time MetaDAO's futarchy governance has successfully executed capital return through liquidation (after mtnCapital in September 2025), establishing a two-case empirical pattern.
+
+**Mechanism Scope Clarification:** The case demonstrates that futarchy governance:
+- ✅ Successfully enforces capital return POST-discovery of misrepresentation
+- ❌ Did NOT prevent pre-launch misrepresentation from reaching TGE
+- The mechanism is better at enforcing governance decisions than doing pre-launch due diligence
+
+**Minority Protection:** Minority RNGR holders successfully forced liquidation against a team with information advantage, demonstrating that small participants can enforce accountability through futarchy markets.
+
+## Sources
+
+- Phemex News, March 2026
+- CryptoTimes, March 2026
+- Bitget News, March 2026
+- defiprime on-chain confirmation
+- MetaDAO community telegram (volume/support figures unverified)
\ No newline at end of file
diff --git a/inbox/queue/2026-03-23-ranger-finance-metadao-liquidation-5m-usdc.md b/inbox/queue/2026-03-23-ranger-finance-metadao-liquidation-5m-usdc.md
index 59cf1ce31..b0470cf32 100644
--- a/inbox/queue/2026-03-23-ranger-finance-metadao-liquidation-5m-usdc.md
+++ b/inbox/queue/2026-03-23-ranger-finance-metadao-liquidation-5m-usdc.md
@@ -7,9 +7,12 @@ date: 2026-03-13
 domain: internet-finance
 secondary_domains: []
 format: governance-outcome
-status: unprocessed
+status: processed
 priority: high
 tags: [metadao, futarchy, liquidation, ranger-finance, trustless-joint-ownership, governance]
+processed_by: rio
+processed_date: 2026-03-24
+extraction_model: "anthropic/claude-sonnet-4.5"
 ---
 
 ## Content
@@ -62,3 +65,16 @@ The "Unruggable ICO" protection mechanism operated as designed for the misrepres
 PRIMARY CONNECTION: [[Futarchy solves trustless joint ownership not just better decision-making]]
 WHY ARCHIVED: Second successful futarchy-governed capital return — key evidence for Belief #3 upgrade from "early directional" to "likely"
 EXTRACTION HINT: Focus on the two-case pattern and the scope distinction (governance enforcement vs. pre-launch due diligence). The misrepresentation pre-launch and the successful liquidation post-discovery are different mechanism functions.
+
+
+## Key Facts
+- Ranger Finance raised ~$8M+ on MetaDAO's ICO platform
+- Ranger Finance claimed $5 billion in trading volume and $2 million in revenue by 2025 during fundraising
+- Actual Ranger Finance performance: ~$2 billion in trading volume (~40% of claimed) and ~$500K in revenue (~25% of claimed)
+- Ranger Finance liquidation returned $5,047,250 USDC to unlocked RNGR holders
+- Ranger Finance liquidation distribution: ~$0.75–$0.82/token book value
+- Ranger Finance wallet snapshot taken March 13, 2026 at 8:00 AM UTC+8
+- Ranger Finance liquidation portal launched March 17, 2026
+- All Ranger Finance intellectual property returned to Glint House PTE
+- mtnCapital liquidation occurred in September 2025 (first MetaDAO futarchy liquidation)
+- Telegram sources claim Ranger liquidation had 97% support with $581K traded (unverified through web sources)