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 <HEADLESS>
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entities/internet-finance/solomon-futardio-fundraise.md
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entities/internet-finance/solomon-futardio-fundraise.md
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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 receiving $102.9M in commitments (51.5x 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% of gross"
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solomon_treasury: "80% of gross"
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tracked_by: rio
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created: 2026-03-11
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---
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# Solomon: Futardio Fundraise
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## Summary
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Solomon launched a futarchy-governed fundraise on Futardio targeting $2M minimum with an ideal range of $5-8M. The raise received $102.9M in commitments (51.5x oversubscription) and closed at $8M final raise after 4 days. 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 (Complete)
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- **Launch Date:** 2025-11-14
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- **Close Date:** 2025-11-18
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- **Target:** $2M minimum, $5-8M ideal
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- **Committed:** $102,932,673.08
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- **Final Raise:** $8,000,000
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- **Oversubscription:** 51.5x
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## Product Context
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Solomon builds USDv, a composable stablecoin that maintains $1 peg without rebasing while earning yield. The system offers two paths: permissionless staking (USDv → sUSDv with accrued yield) and permissioned Yield-as-a-Service for protocols requiring par-stable dollars. Backend yield comes from basis trading (long spot, short perp) and T-bills, with automated trading infrastructure and Ceffu custody with insurance coverage.
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The project ran closed beta for one year with seven figures TVL and handled multiple market shocks including the October 10th Binance price dislocation with zero incidents.
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## Capital Deployment Plan
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1. Put treasury to work immediately (targeting ~16% APR)
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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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## Significance
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This represents one of the largest futarchy-governed fundraises on record with 51.5x oversubscription, demonstrating market demand for yield-bearing stablecoins and validation of the futarchy fundraising mechanism at scale. The team's decision to cap the raise at $8M despite $102.9M in commitments shows capital discipline and preference for "real unmet demand after the raise closes."
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## Relationship to KB
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- [[solomon]] — parent entity
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- [[futardio]] — fundraising platform
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- [[metadao]] — receives 20% of gross 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]] — mechanism context
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@ -41,6 +41,7 @@ One of the first successful Futardio launches. Raised $8M through the pro-rata m
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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 with $2M target, raised $102.9M in commitments (51.5x oversubscription), closed at $8M final raise on 2025-11-18
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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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@ -6,9 +6,13 @@ url: "https://www.futard.io/launch/634r63NH2qbTrSVyLieC3Ab3YKaEfoGnCLM8idZMEycE"
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date: 2025-11-14
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domain: internet-finance
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format: data
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status: unprocessed
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status: processed
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tags: [futardio, metadao, futarchy, solana]
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event_type: launch
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processed_by: rio
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processed_date: 2026-03-11
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extraction_model: "anthropic/claude-sonnet-4.5"
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extraction_notes: "Pure fundraise event data. No novel claims about futarchy mechanisms, stablecoin design, or market dynamics beyond what's already captured in existing KB claims. The 51.5x oversubscription is a significant data point but doesn't constitute a new arguable proposition. Entity extraction captures the decision market structure and outcome. Key facts preserved for reference on stablecoin market size and Solomon's technical architecture."
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---
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## Launch Details
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@ -69,3 +73,12 @@ Solomon is the first stablecoin system that can sit everywhere money sits. Walle
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- Version: v0.6
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- Final raise: $8,000,000.00
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- Closed: 2025-11-18
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## Key Facts
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- Solomon raised $8M through Futardio after receiving $102.9M in commitments (51.5x oversubscription) from 2025-11-14 to 2025-11-18
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- Solomon token (SOLO) mint address: SoLo9oxzLDpcq1dpqAgMwgce5WqkRDtNXK7EPnbmeta
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- Solomon ran closed beta for one year with seven figures TVL before public launch
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- USDv stablecoin uses basis trading (long spot, short perp) and T-bills for yield generation
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- Solomon custody is segregated with Ceffu and carries insurance coverage
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- Over $150B of stablecoin capital sits idle across chains due to yield design incompatibility with composability
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