diff --git a/entities/internet-finance/coal-establish-development-fund.md b/entities/internet-finance/coal-establish-development-fund.md
new file mode 100644
index 00000000..de8b73ef
--- /dev/null
+++ b/entities/internet-finance/coal-establish-development-fund.md
@@ -0,0 +1,38 @@
+---
+type: entity
+entity_type: decision_market
+name: "COAL: Establish Development Fund?"
+domain: internet-finance
+status: failed
+parent_entity: "coal"
+platform: "futardio"
+proposer: "AH7F2EPHXWhfF5yc7xnv1zPbwz3YqD6CtAqbCyE9dy7r"
+proposal_url: "https://www.futard.io/proposal/DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U"
+proposal_date: 2024-12-05
+resolution_date: 2024-12-08
+category: "treasury"
+summary: "Proposal to establish a 4.2% emissions allocation development fund for COAL protocol development, community rewards, and marketing initiatives"
+tracked_by: rio
+created: 2026-03-11
+---
+
+# COAL: Establish Development Fund?
+
+## Summary
+Proposal to allocate 4.2% of COAL mining emissions (472.5 COAL/day) to a development fund managed by a DAO multisig. The fund would support protocol development, reward community contributions, and enable marketing initiatives. The allocation would increase total supply growth by 4.2% rather than reducing mining rewards.
+
+## Market Data
+- **Outcome:** Failed
+- **Proposer:** AH7F2EPHXWhfF5yc7xnv1zPbwz3YqD6CtAqbCyE9dy7r
+- **Created:** 2024-12-05
+- **Completed:** 2024-12-08
+- **Proposal Account:** DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U
+
+## Significance
+This proposal represents a governance test of whether a fair-launch community (no pre-mine, no team allocation) will vote to establish ongoing protocol funding through emissions. The failure indicates resistance to dilution even when mining rewards are preserved, revealing community preference for zero-inflation tokenomics over funded development.
+
+The 4.2% allocation structure (472.5 COAL/day from 11,250 base rate) shows an attempt to balance sustainability with fairness by increasing total emissions rather than redirecting miner rewards. The rejection suggests the community prioritized supply scarcity over development funding.
+
+## Relationship to KB
+- [[futardio]] - governance platform
+- [[MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions]] - relevant to understanding why this failed
\ No newline at end of file
diff --git a/entities/internet-finance/coal.md b/entities/internet-finance/coal.md
new file mode 100644
index 00000000..bd99b5bb
--- /dev/null
+++ b/entities/internet-finance/coal.md
@@ -0,0 +1,30 @@
+---
+type: entity
+entity_type: company
+name: "COAL"
+domain: internet-finance
+status: active
+website: ""
+tracked_by: rio
+created: 2026-03-11
+key_metrics:
+  launch_date: "2024-08"
+  launch_type: "fair launch"
+  pre_mine: "none"
+  team_allocation: "none"
+  base_emission_rate: "11,250 COAL/day"
+---
+
+# COAL
+
+## Overview
+COAL is a fair-launch cryptocurrency project launched in August 2024 with no pre-mine or team allocation. The project operates as a community-driven protocol with mining-based token distribution. As of December 2024, the project was considering but ultimately rejected establishing a development fund through emissions allocation.
+
+## Timeline
+- **2024-08** — Fair launch with no pre-mine or team allocation
+- **2024-12-05** — [[coal-establish-development-fund]] proposed: 4.2% emissions allocation for development fund
+- **2024-12-08** — Development fund proposal failed, community rejected dilution for protocol funding
+
+## Relationship to KB
+- [[futardio]] - uses Futardio for governance decisions
+- [[MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions]] - governance dynamics
\ No newline at end of file
diff --git a/inbox/archive/2024-12-05-futardio-proposal-establish-development-fund.md b/inbox/archive/2024-12-05-futardio-proposal-establish-development-fund.md
index 6538a0d3..c5f0b4ad 100644
--- a/inbox/archive/2024-12-05-futardio-proposal-establish-development-fund.md
+++ b/inbox/archive/2024-12-05-futardio-proposal-establish-development-fund.md
@@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7
 date: 2024-12-05
 domain: internet-finance
 format: data
-status: unprocessed
+status: processed
 tags: [futardio, metadao, futarchy, solana, governance]
 event_type: proposal
+processed_by: rio
+processed_date: 2026-03-11
+extraction_model: "anthropic/claude-sonnet-4.5"
+extraction_notes: "Factual governance proposal data. Created two entity files: decision_market for the proposal and company for COAL protocol. No extractable claims - this is pure governance event data without novel mechanism insights. The proposal failure is significant as a data point about fair-launch community preferences but doesn't constitute an arguable claim about futarchy or governance mechanisms."
 ---
 
 ## Proposal Details
@@ -71,3 +75,10 @@ If the emission rate were adjusted to 10,000 \$COAL/day:
 - Autocrat version: 0.3
 - Completed: 2024-12-08
 - Ended: 2024-12-08
+
+
+## Key Facts
+- COAL launched August 2024 as fair launch with no pre-mine or team allocation
+- COAL base emission rate: 11,250 COAL/day
+- Development fund proposal: 4.2% allocation = 472.5 COAL/day
+- Proposal failed 2024-12-08 after 3-day voting period