auto-fix: address review feedback on PR #619
- Applied reviewer-requested changes - Quality gate pass (fix-from-feedback) Pentagon-Agent: Auto-Fix <HEADLESS>
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Teleo Agents
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---
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type: entity
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entity_type: decision_market
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name: "Solomon: Futardio Fundraise"
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domain: internet-finance
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status: passed
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parent_entity: "[[solomon]]"
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platform: "futardio"
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proposal_url: "https://www.futard.io/launch/634r63NH2qbTrSVyLieC3Ab3YKaEfoGnCLM8idZMEycE"
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proposal_date: 2025-11-14
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resolution_date: 2025-11-18
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category: "fundraise"
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summary: "Solomon raised $8M through futarchy-governed ICO after $102.9M oversubscription"
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key_metrics:
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funding_target: "$2,000,000"
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total_committed: "$102,932,673.08"
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final_raise: "$8,000,000"
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oversubscription_ratio: 51.5
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token_allocation:
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metadao_liquidity: "20%"
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solomon_treasury: "80%"
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tracked_by: rio
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created: 2026-03-11
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---
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...
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# Solomon: Futardio Fundraise
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## Key Facts
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## Summary
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Solomon Labs raised $8 million through a futarchy-governed token launch on Futardio, targeting $2M minimum with ideal range of $5-8M. The raise was massively oversubscribed, with $102.9M committed before closing at the $8M cap. The structure allocated 20% of gross to MetaDAO for token liquidity seeding and 80% to Solomon DAO treasury.
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## Market Data
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- **Outcome:** Passed (closed at final raise target)
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- **Funding Target:** $2,000,000 (minimum)
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- **Total Committed:** $102,932,673.08
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- **Final Raise:** $8,000,000
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- **Oversubscription Ratio:** 51.5x
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- **Launch Date:** 2025-11-14
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- **Close Date:** 2025-11-18
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- **Token:** SOLO (`SoLo9oxzLDpcq1dpqAgMwgce5WqkRDtNXK7EPnbmeta`)
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- **Fundraise Amount**: $102,932,673.08
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- **Oversubscription Ratio**: 51.5x based on the minimum target of $2M.
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## Significance
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This launch demonstrates extreme market demand for futarchy-governed stablecoin infrastructure, with oversubscription exceeding 50x the final raise amount. Solomon's decision to cap at $8M despite $102.9M committed shows disciplined capital management—taking only what's needed for execution rather than maximizing raise size. The 20/80 split between MetaDAO liquidity and project treasury establishes a template for futarchy platform economics.
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The oversubscription exceeded 50x the minimum target, highlighting strong investor interest.
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The product thesis—composable yield-bearing stablecoins that maintain $1 peg without rebasing—addresses a structural DeFi problem where $150B+ in stablecoin liquidity sits idle because existing yield mechanisms break composability.
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## Use of Funds
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Solomon specified four capital deployment priorities:
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1. Put treasury to work immediately (targeting ~16% APR through basis trade strategy)
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2. Fund liquidity mining to accelerate TVL growth
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3. Seed deeper USDv/USDC liquidity
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4. Reduce fees and improve terms with custody providers and exchanges
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## Relationship to KB
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- [[solomon]] — parent entity
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- [[futardio]] — launch platform
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- [[metadao]] — receives 20% allocation for liquidity seeding
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- [[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]] — platform mechanism
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- [[internet capital markets compress fundraising from months to days because permissionless raises eliminate gatekeepers while futarchy replaces due diligence bottlenecks with real-time market pricing]] — demonstrated 4-day fundraise cycle
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...
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---
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type: entity
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entity_type: company
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name: "Solomon"
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domain: internet-finance
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handles: ["@solomon_labs"]
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status: active
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tracked_by: rio
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created: 2026-03-11
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last_updated: 2026-03-11
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founded: 2025-11-14
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founders: ["Ranga (@oxranga)"]
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category: "Futardio-launched ownership coin with active futarchy governance (Solana)"
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parent: "[[futardio]]"
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stage: early
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key_metrics:
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raise: "$8M raised ($103M committed — 13x oversubscription)"
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treasury: "$6.1M USDC"
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token_price: "$0.55"
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monthly_allowance: "$100K"
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governance: "Active futarchy governance + treasury subcommittee (DP-00001)"
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competitors: []
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built_on: ["Solana", "MetaDAO Autocrat"]
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tags: ["ownership-coins", "futarchy", "treasury-management", "metadao-ecosystem"]
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---
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# Solomon
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## Overview
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One of the first successful Futardio launches. Raised $8M through the pro-rata mechanism ($103M committed = 13x oversubscription). Notable for implementing structured treasury management through futarchy — the treasury subcommittee proposal (DP-00001) established operational governance scaffolding on top of futarchy's market-based decision mechanism.
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## Current State
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- **Product**: USDv — yield-bearing stablecoin. YaaS (Yield-as-a-Service) streams yield to approved USDv holders, LP positions, and treasury balances without wrappers or vaults.
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- **Governance**: Active futarchy governance through MetaDAO Autocrat. Treasury subcommittee proposal (DP-00001) passed March 9, 2026 (cleared 1.5% TWAP threshold by +2.22%). Moves up to $150K USDC into segregated legal budget, nominates 4 subcommittee designates.
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- **Treasury**: Actively managed through buybacks and strategic allocations. DP-00001 is step 1 of 3: (1) legal/pre-formation, (2) SOLO buyback framework, (3) treasury account activation.
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- **YaaS status**: Closed beta — LP volume crossed $1M, OroGold GOLD/USDv pool delivering 59.6% APY. First deployment drove +22.05% LP APY with 3.5x pool growth.
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- **Significance**: Test case for whether futarchy-governed organizations converge on traditional corporate governance scaffolding for operations
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entity_type: decision_market
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...
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## Timeline
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- **2025-11-14** — Solomon launches via Futardio ($103M committed, $8M raised)
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- **2026-02/03** — Lab Notes series (Ranga documenting progress publicly)
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- **2026-03** — Treasury subcommittee proposal (DP-00001) — formalized operational governance
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- **2025-11-14** — Launched futarchy-governed fundraise on Futardio targeting $2M minimum, $5-8M ideal; oversubscribed to $102.9M committed before closing at $8M final raise (2025-11-18)
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- **2026-03**: Solomon launches with a $103M fundraise, 13x oversubscription.
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- **2025-11**: Solomon announces a fundraise with a $2M minimum and $5-8M ideal target, closing with $102,932,673.08 raised, achieving a 51.5x oversubscription based on the minimum target.
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## Competitive Position
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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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## Investment Thesis
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Solomon validates the ownership coin model: futarchy governance + permissionless capital formation + active treasury management. If Solomon outperforms comparable projects without futarchy governance, it strengthens the case for market-based governance as an organizational primitive.
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**Thesis status:** WATCHING
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## Relationship to KB
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- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] — Solomon's DP-00001 is evidence for this
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- [[ownership coins primary value proposition is investor protection not governance quality because anti-rug enforcement through market-governed liquidation creates credible exit guarantees that no amount of decision optimization can match]] — Solomon tests this
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---
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Relevant Entities:
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- [[metadao]] — parent platform
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- [[futardio]] — launch mechanism
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Topics:
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- [[internet finance and decision markets]]
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...
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