From 4490eb8b6ca2629f78175cd6f59b259f35c437c7 Mon Sep 17 00:00:00 2001 From: Teleo Agents Date: Wed, 11 Mar 2026 15:30:46 +0000 Subject: [PATCH] rio: extract from 2025-11-14-futardio-launch-solomon.md - Source: inbox/archive/2025-11-14-futardio-launch-solomon.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 2) Pentagon-Agent: Rio --- .../solomon-futardio-fundraise-2025.md | 48 +++++++++++++++++++ entities/internet-finance/solomon.md | 2 + .../2025-11-14-futardio-launch-solomon.md | 19 +++++++- 3 files changed, 68 insertions(+), 1 deletion(-) create mode 100644 entities/internet-finance/solomon-futardio-fundraise-2025.md diff --git a/entities/internet-finance/solomon-futardio-fundraise-2025.md b/entities/internet-finance/solomon-futardio-fundraise-2025.md new file mode 100644 index 000000000..c9a4fc80d --- /dev/null +++ b/entities/internet-finance/solomon-futardio-fundraise-2025.md @@ -0,0 +1,48 @@ +--- +type: entity +entity_type: decision_market +name: "Solomon: Futardio Fundraise Launch" +domain: internet-finance +status: passed +parent_entity: "[[solomon]]" +platform: "futardio" +proposal_url: "https://www.futard.io/launch/634r63NH2qbTrSVyLieC3Ab3YKaEfoGnCLM8idZMEycE" +proposal_date: 2025-11-14 +resolution_date: 2025-11-18 +category: "fundraise" +summary: "Solomon raised $8M through futarchy-governed ICO with 12.9x oversubscription to fund composable yield-bearing stablecoin infrastructure" +key_metrics: + raise_target: "$2,000,000" + final_raise: "$8,000,000" + total_committed: "$102,932,673.08" + oversubscription_ratio: "51.5x" + token_allocation: + metadao_liquidity: "20% of gross" + solomon_treasury: "80% of gross" +tracked_by: rio +created: 2026-03-11 +--- + +# Solomon: Futardio Fundraise Launch + +## Summary +Solomon launched a futarchy-governed fundraise on Futardio to capitalize development of USDv, a composable yield-bearing stablecoin that maintains $1 peg without rebasing. The raise targeted $2M minimum with ideal range of $5-8M, ultimately closing at $8M with $102.9M committed (12.9x oversubscription). Funds allocated to treasury deployment for yield generation (~16% APR), liquidity mining programs, USDv/USDC liquidity deepening, and improved terms with custody providers and exchanges. + +## Market Data +- **Outcome:** Passed (closed at $8M) +- **Platform:** Futardio (MetaDAO) +- **Raise Structure:** 20% of gross to seed SOLO token liquidity; 80% nets to Solomon DAO treasury +- **Token:** SOLO (`SoLo9oxzLDpcq1dpqAgMwgce5WqkRDtNXK7EPnbmeta`) +- **Launch Address:** `634r63NH2qbTrSVyLieC3Ab3YKaEfoGnCLM8idZMEycE` + +## Significance +Demonstrates futarchy-governed fundraising at scale with 51.5x oversubscription ratio (total committed vs. target). The raise structure separates token liquidity bootstrapping (MetaDAO's 20%) from operational treasury (Solomon's 80%), creating aligned incentives between platform and project. Solomon's stated willingness to cap raise at $8M despite massive oversubscription ("only taken if oversubscribed by orders of magnitude") suggests market discipline in futarchy-governed capital formation. + +Solomon had operated in closed beta for one year with seven-figure TVL before raising, providing track record that likely contributed to market confidence. The project positions USDv as solving DeFi's composability-yield tradeoff where $150B+ in stablecoins sit idle because existing yield designs require staking into rebasing or drifting units that break integration. + +## Relationship to KB +- [[solomon]] — fundraise event +- [[futardio]] — platform +- [[metadao]] — governance infrastructure +- [[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]] +- [[futarchy-based fundraising creates regulatory separation because there are no beneficial owners and investment decisions emerge from market forces not centralized control]] diff --git a/entities/internet-finance/solomon.md b/entities/internet-finance/solomon.md index c33ae9b73..70315256c 100644 --- a/entities/internet-finance/solomon.md +++ b/entities/internet-finance/solomon.md @@ -41,6 +41,8 @@ One of the first successful Futardio launches. Raised $8M through the pro-rata m - **2026-02/03** — Lab Notes series (Ranga documenting progress publicly) - **2026-03** — Treasury subcommittee proposal (DP-00001) — formalized operational governance +- **2025-11-14** — Launched futarchy-governed fundraise on Futardio targeting $2M minimum, $5-8M ideal; raise structure allocates 20% of gross to seed SOLO token liquidity, 80% nets to Solomon DAO treasury +- **2025-11-18** — Closed fundraise at $8M final raise amount with $102.9M total committed (12.9x oversubscription); funds allocated to treasury deployment (~16% APR), liquidity mining, USDv/USDC liquidity deepening, and improved custody/exchange terms ## Competitive Position 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. diff --git a/inbox/archive/2025-11-14-futardio-launch-solomon.md b/inbox/archive/2025-11-14-futardio-launch-solomon.md index a4dce9a1b..48a14f944 100644 --- a/inbox/archive/2025-11-14-futardio-launch-solomon.md +++ b/inbox/archive/2025-11-14-futardio-launch-solomon.md @@ -6,9 +6,13 @@ url: "https://www.futard.io/launch/634r63NH2qbTrSVyLieC3Ab3YKaEfoGnCLM8idZMEycE" date: 2025-11-14 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: "Futardio launch event for Solomon stablecoin project. Primary extraction is decision_market entity for the fundraise plus timeline updates to Solomon entity. No novel claims about futarchy mechanisms or stablecoin design beyond what existing KB already covers. The 51.5x oversubscription (total committed / target) and team's decision to cap at $8M despite $102M committed provides data point on futarchy market dynamics but doesn't constitute new arguable claim. Key facts preserved in source archive for reference." --- ## Launch Details @@ -69,3 +73,16 @@ Solomon is the first stablecoin system that can sit everywhere money sits. Walle - Version: v0.6 - Final raise: $8,000,000.00 - Closed: 2025-11-18 + + +## Key Facts +- Solomon USDv is a non-rebasing stablecoin maintained at $1 via two-way market making +- Solomon runs basis trade strategy (long spot, short perp) plus T-bills for yield generation +- Solomon custody segregated with Ceffu with insurance coverage +- Solomon Solana programs audited with admin operations via Squads multisig +- Solomon operated closed beta for one year with 7-figure TVL before public raise +- Solomon handled October 10th Binance price dislocation with zero incidents +- Over $150B of stablecoin capital sits idle across DeFi chains (per Solomon team) +- Solomon offers two yield paths: permissionless sUSDv staking and permissioned Yield-as-a-Service (YaaS) +- Solomon treasury deployment targets ~16% APR +- SOLO token address: SoLo9oxzLDpcq1dpqAgMwgce5WqkRDtNXK7EPnbmeta