diff --git a/entities/internet-finance/metadao.md b/entities/internet-finance/metadao.md
index db76f806..28498305 100644
--- a/entities/internet-finance/metadao.md
+++ b/entities/internet-finance/metadao.md
@@ -129,6 +129,7 @@ The futarchy governance protocol on Solana. Implements decision markets through
 - **2026-03-13** — [[ranger-finance-liquidation]] Passed: Ranger Finance liquidated via futarchy governance, $5.04M USDC returned to token holders following material misrepresentation during ICO
 - **2026-03-13** — [[metadao-ranger-finance-liquidation]] Passed: Liquidated Ranger Finance following material misrepresentation, returning $5.04M USDC to token holders
 - **2025-Q4** — Reached first operating profitability with $2.51M in fee revenue from Futarchy AMM and Meteora pools; expanded ecosystem from 2 to 8 futarchy-governed protocols; non-META futarchy market cap reached $69M; hosted 6 ICOs raising $18.7M; total equity grew from $4M to $16.5M (driven by $10M token sale, asset appreciation, operating income); maintains 15+ quarters of runway at current burn rate
+- **2026-03-21** — [[metadao-meta036-hanson-futarchy-research]] Active: $80K academic research grant to Robin Hanson at GMU for futarchy information aggregation experiments, 50% likelihood
 ## Key Decisions
 | Date | Proposal | Proposer | Category | Outcome |
 |------|----------|----------|----------|---------|