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)

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---
type: entity
entity_type: decision_market
name: "Solomon: Futardio Fundraise"
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 after receiving $102.9M in commitments (51.5x oversubscription)"
key_metrics:
funding_target: "$2,000,000"
total_committed: "$102,932,673.08"
final_raise: "$8,000,000"
oversubscription_ratio: 51.5
token_allocation:
metadao_liquidity: "20% of gross"
solomon_treasury: "80% of gross"
tracked_by: rio
created: 2026-03-11
---
# Solomon: Futardio Fundraise
## Summary
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.
## Market Data
- **Outcome:** Passed (Complete)
- **Launch Date:** 2025-11-14
- **Close Date:** 2025-11-18
- **Target:** $2M minimum, $5-8M ideal
- **Committed:** $102,932,673.08
- **Final Raise:** $8,000,000
- **Oversubscription:** 51.5x
## Product Context
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.
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.
## Capital Deployment Plan
1. Put treasury to work immediately (targeting ~16% APR)
2. Fund liquidity-mining to accelerate TVL growth
3. Seed deeper USDv/USDC liquidity
4. Reduce fees and improve terms with custody providers and exchanges
## Significance
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."
## Relationship to KB
- [[solomon]] — parent entity
- [[futardio]] — fundraising platform
- [[metadao]] — receives 20% of gross for liquidity seeding
- [[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
- **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 with $2M target, raised $102.9M in commitments (51.5x oversubscription), closed at $8M final raise on 2025-11-18
## 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.

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@ -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: "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."
---
## Launch Details
@ -69,3 +73,12 @@ 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 raised $8M through Futardio after receiving $102.9M in commitments (51.5x oversubscription) from 2025-11-14 to 2025-11-18
- Solomon token (SOLO) mint address: SoLo9oxzLDpcq1dpqAgMwgce5WqkRDtNXK7EPnbmeta
- Solomon ran closed beta for one year with seven figures TVL before public launch
- USDv stablecoin uses basis trading (long spot, short perp) and T-bills for yield generation
- Solomon custody is segregated with Ceffu and carries insurance coverage
- Over $150B of stablecoin capital sits idle across chains due to yield design incompatibility with composability