From 6b104901b8097fba562ceb32145fb1ddb99faf5e Mon Sep 17 00:00:00 2001 From: Teleo Agents Date: Thu, 12 Mar 2026 05:54:29 +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.md | 64 +++++++++++++++++++ entities/internet-finance/solomon.md | 1 + .../2025-11-14-futardio-launch-solomon.md | 15 ++++- 3 files changed, 79 insertions(+), 1 deletion(-) create mode 100644 entities/internet-finance/solomon-futardio-fundraise.md diff --git a/entities/internet-finance/solomon-futardio-fundraise.md b/entities/internet-finance/solomon-futardio-fundraise.md new file mode 100644 index 000000000..2dd1b0d2d --- /dev/null +++ b/entities/internet-finance/solomon-futardio-fundraise.md @@ -0,0 +1,64 @@ +--- +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 \ No newline at end of file diff --git a/entities/internet-finance/solomon.md b/entities/internet-finance/solomon.md index c33ae9b73..16d7ce752 100644 --- a/entities/internet-finance/solomon.md +++ b/entities/internet-finance/solomon.md @@ -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. diff --git a/inbox/archive/2025-11-14-futardio-launch-solomon.md b/inbox/archive/2025-11-14-futardio-launch-solomon.md index a4dce9a1b..1392e4ad8 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: "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