rio: extract from 2025-11-14-futardio-launch-solomon.md
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entities/internet-finance/solomon-futardio-launch.md
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entities/internet-finance/solomon-futardio-launch.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 Launch"
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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"
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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 Launch
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## Summary
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Solomon launched a futarchy-governed fundraise on Futardio seeking $2M to bootstrap their composable stablecoin system (USDv). The raise was massively oversubscribed at 51.5x with $102.9M in commitments, ultimately closing at $8M final raise. 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 (closed at $8M)
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- **Funding Target:** $2M minimum, $5-8M ideal
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- **Total Committed:** $102.9M
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- **Final Raise:** $8M
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- **Oversubscription:** 51.5x
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- **Token:** SOLO (`SoLo9oxzLDpcq1dpqAgMwgce5WqkRDtNXK7EPnbmeta`)
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- **Platform:** Futardio v0.6
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- **Launch Date:** 2025-11-14
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- **Close Date:** 2025-11-18
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## Product Context
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Solomon builds USDv, a composable dollar stablecoin that maintains $1 peg without rebasing, enabling yield generation through:
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- **USDv:** Base composable dollar for integrations (DEXs, perps, money markets)
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- **sUSDv:** Staking variant that accrues yield from basis trading (long spot, short perp) and T-bills
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- **YaaS (Yield-as-a-Service):** Permissioned yield stream for treasuries/protocols that can't stake
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The system addresses $150B+ of idle stablecoin capital across chains that earns no yield due to composability constraints of existing yield-bearing stablecoins.
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## Capital Deployment Plan
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1. Put treasury to work immediately (~16% APR generation)
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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 custody and exchange fees through scale
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## Operational Track Record
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- Ran closed beta for one year with seven-figure TVL
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- Handled multiple market shocks including October 10th Binance price dislocation with zero incidents
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- Custody segregated with Ceffu (insurance coverage)
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- Solana programs audited, admin operations via Squads multisig
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## Significance
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This launch demonstrates:
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1. **Oversubscription management:** Futardio handled 51.5x oversubscription, taking $8M vs $2M minimum while leaving "real unmet demand after the raise closes"
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2. **Stablecoin infrastructure fundraising:** First major stablecoin protocol to raise via futarchy-governed ICO
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3. **Market validation:** $102.9M in commitments signals strong market demand for composable yield-bearing stablecoins
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## Relationship to KB
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- [[solomon]] — parent entity
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- [[futardio]] — launch 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 used
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- [[internet capital markets compress fundraising from months to days because permissionless raises eliminate gatekeepers while futarchy replaces due diligence bottlenecks with real-time market pricing]] — demonstrates compression (4 days)
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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 before closing at $8M final raise (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: "Factual launch data for Solomon's futarchy-governed fundraise. No novel claims about mechanisms or market dynamics beyond what's already captured in existing KB claims about futarchy launches and internet capital markets. Created decision_market entity to track this significant fundraise (51.5x oversubscription) and updated parent Solomon entity timeline."
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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 (2025-11-14 to 2025-11-18)
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- Solomon received $102.9M in commitments against $2M target (51.5x oversubscription)
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- Solomon token: SOLO (SoLo9oxzLDpcq1dpqAgMwgce5WqkRDtNXK7EPnbmeta)
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- Solomon ran closed beta for one year with seven-figure TVL before public launch
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- USDv addresses $150B+ idle stablecoin capital across chains
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- Token allocation: 20% to MetaDAO for liquidity, 80% to Solomon DAO treasury
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