rio: extract claims from 2026-03-28-telegram-m3taversal-oof-that-s-rough-none-of-that-is-accurate-i-don
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- Source: inbox/queue/2026-03-28-telegram-m3taversal-oof-that-s-rough-none-of-that-is-accurate-i-don.md - Domain: internet-finance - Claims: 0, Entities: 7 - Enrichments: 1 - Extracted by: pipeline ingest (OpenRouter anthropic/claude-sonnet-4.5) Pentagon-Agent: Rio <PIPELINE>
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---
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type: entity
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entity_type: company
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name: "Avici"
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domain: internet-finance
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handles: ["@AviciMoney"]
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website: https://avici.money
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status: active
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tracked_by: rio
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created: 2026-03-11
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last_updated: 2026-04-02
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parent: "[[metadao]]"
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launch_platform: metadao-curated
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launch_order: 4
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category: "Distributed internet banking infrastructure (Solana)"
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stage: growth
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token_symbol: "$AVICI"
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token_mint: "BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta"
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built_on: ["Solana"]
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tags: [metadao-curated-launch, ownership-coin, neobank, defi, lending]
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competitors: ["traditional banks", "Revolut", "crypto card providers"]
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source_archive: "inbox/archive/internet-finance/2025-10-14-futardio-launch-avici.md"
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---
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# Avici
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# Avici
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**Type:** Company
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**Domain:** internet-finance
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**Status:** Active
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**Token:** AVICI
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## Overview
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## Overview
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Crypto neobank building distributed internet banking infrastructure on Solana — spend cards, an internet-native trust score, unsecured loans, and eventually home mortgages. The thesis: internet capital markets need internet banking infrastructure. To gain independence from fiat, crypto needs a social ledger for reputation-based undercollateralized lending.
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Avici is a project that raised capital through MetaDAO's permissioned futarchy launchpad.
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## Investment Rationale (from raise)
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"Money didn't originate from the barter system, that's a myth. It began as credit. Money isn't a commodity; it is a social ledger." Avici argues that onchain finance still lacks reputation-based undercollateralized lending (citing Vitalik's agreement). The ICO pitch: build the onchain banking infrastructure that replaces traditional bank accounts — credit scoring, spend cards, unsecured loans, mortgages — all governed by futarchy.
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## ICO Details
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- **Platform:** MetaDAO curated launchpad (4th launch)
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- **Date:** October 14-18, 2025
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- **Target:** $2M
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- **Committed:** $34.2M (17x oversubscribed)
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- **Final raise:** $3.5M (89.8% of commitments refunded)
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- **Initial FDV:** $4.515M at $0.35/token
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- **Launch mechanism:** Futardio v0.6 (pro-rata)
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- **Distribution:** No preferential VC allocations — described as one of crypto's fairest token distributions
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## Current State (as of early 2026)
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**Live products:**
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- **Visa Debit Card** — live in 100+ countries, virtual and physical. 1.5-2% cashback. No staking required. No top-up, transaction, or maintenance fees. Processing 100,000+ transactions monthly.
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- **Smart Wallet** — self-custodial, login via Google/iCloud/biometrics/passkey (no seed phrases). Programmable security policies (daily spend limits, address whitelisting).
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- **Biz Cards** — lets Solana projects spend from onchain treasury for business needs
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- **Named Virtual Accounts** — personal account number + IBAN, fiat auto-converted to stablecoins in self-custodial wallet. MoonPay integration.
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- **Multi-chain deposits** — Solana, Polygon, Arbitrum, Base, BSC, Avalanche
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**Traction:** ~4,000+ MAU, 70% month-on-month retention, $1.2M+ in Visa card spend, 12,000+ token holders
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**Not yet live:** Trust Score (onchain credit scoring), unsecured loans, mortgages — still on roadmap
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## Team Performance Package (March 2026 proposal)
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0% team allocation at launch. New proposal for up to 25% contingent on reaching $5B valuation:
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- Phase 1: 15% linear unlock between $100M-$1B market cap ($5.53-$55.30/token)
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- Phase 2: 10% in equal tranches between $1.5B-$5B ($82.95-$197.55/token)
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- No tokens unlock before January 2029 lockup regardless of milestone achievement
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- Change-of-control protection: 30% of acquisition value to team if hostile takeover
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This is the strongest performance-alignment structure in the MetaDAO ecosystem — zero dilution unless the project is worth 100x+ the ICO valuation.
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## Governance Activity
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| Decision | Date | Outcome | Record |
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|----------|------|---------|--------|
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| ICO launch | 2025-10-14 | Completed, $3.5M raised | [[avici-futardio-launch]] |
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| Team performance package | 2026-03-30 | Proposed | See inbox/archive |
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## Open Questions
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- **Team anonymity.** No founder names publicly disclosed. RootData shows 55% transparency score and project "not claimed." This is unusual for a project processing 100K+ monthly card transactions.
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- **Credit scoring timeline.** The Trust Score is the key differentiator vs. existing crypto cards, but it's still on the roadmap. Without it, Avici is a good crypto debit card but not the "internet bank" the pitch describes.
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- **Regulatory exposure.** Visa card program in 100+ countries implies banking partnerships and compliance obligations. How does futarchy governance interact with regulated card issuer requirements?
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## Timeline
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## Timeline
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- **2025-10-14** — MetaDAO curated ICO opens ($2M target)
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- **2025-2026** — Raised capital through MetaDAO permissioned launchpad
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- **2025-10-18** — ICO closes. $3.5M raised (17x oversubscribed).
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- **2025-11** — Card top-up speed reduced from minutes to seconds
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- **2026-01-09** — SOLO yield integration for passive stablecoin earnings
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- **2026-01-10** — Named Virtual Accounts launched (account number + IBAN)
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- **2026-01** — Peak return: 21x from ICO price ($7.56 ATH)
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- **2026-03-30** — Team performance package proposal (0% → up to 25% contingent on $5B)
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---
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Relevant Notes:
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- [[metadao]] — launch platform (curated ICO #4)
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- [[solomon]] — SOLO yield integration partner
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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]] — 4-day raise window with 17x oversubscription confirms compression
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Topics:
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- [[internet finance and decision markets]]
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---
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type: entity
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entity_type: company
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name: "Loyal"
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domain: internet-finance
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secondary_domains: ["ai-alignment"]
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handles: ["@loyal_hq"]
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website: https://askloyal.com
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status: active
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tracked_by: rio
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created: 2026-03-11
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last_updated: 2026-04-02
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parent: "[[metadao]]"
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launch_platform: metadao-curated
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launch_order: 5
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category: "Decentralized private AI intelligence protocol (Solana)"
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stage: early
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token_symbol: "$LOYAL"
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token_mint: "LYLikzBQtpa9ZgVrJsqYGQpR3cC1WMJrBHaXGrQmeta"
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founded_by: "Eden, Chris, Basil, Vasiliy"
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headquarters: "San Francisco, CA"
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built_on: ["Solana", "MagicBlock", "Arcium"]
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tags: [metadao-curated-launch, ownership-coin, privacy, ai, confidential-computing]
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competitors: ["Venice.ai", "private AI chat alternatives"]
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source_archive: "inbox/archive/2025-10-18-futardio-launch-loyal.md"
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---
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# Loyal
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# Loyal
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**Type:** Company
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**Domain:** internet-finance
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**Status:** Active
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**Token:** LOYAL
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## Overview
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## Overview
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Open source, decentralized, censorship-resistant intelligence protocol. Private AI conversations with no single point of failure — computations via confidential oracles (Arcium), key derivation in confidential rollups with granular read controls, encrypted chats on decentralized storage. Sits at the intersection of AI privacy and crypto infrastructure.
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Loyal is a project that raised capital through MetaDAO's permissioned futarchy launchpad.
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## Investment Rationale (from raise)
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"Fight against mass surveillance with us. Your chats with AI have no protection. They're used to put people behind bars, to launch targeted ads and in model training. Every question you ask can and will be used against you."
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The pitch is existential: as AI becomes a primary interface for knowledge work, the privacy of AI conversations becomes a fundamental rights issue. Loyal is building the infrastructure so that no single entity can surveil, censor, or monetize your AI interactions. The 152x oversubscription — the highest in MetaDAO history — reflects strong conviction in this thesis.
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## ICO Details
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- **Platform:** MetaDAO curated launchpad (5th launch)
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- **Date:** October 18-22, 2025
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- **Target:** $500K
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- **Committed:** $75.9M (152x oversubscribed — highest ratio in MetaDAO history)
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- **Final raise:** $2.5M
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- **Launch mechanism:** Futardio v0.6 (pro-rata)
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## Current State (as of early 2026)
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- **Treasury:** $260K USDC remaining (after $1.5M buyback)
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- **Monthly allowance:** $60K
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- **Market cap:** ~$5.0M
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- **Token supply:** 20,976,923 LOYAL total (10M ICO pro-rata, 2M primary liquidity, 3M single-sided Meteora)
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- **Product status:** Active development. Positioned as "privacy-first AI oracle on Solana" — described as "Chainlink but for confidential data." Uses TEE (Intel TDX, AMD SEV-SNP) + Nvidia confidential computing for end-to-end encryption. Product capabilities include summarizing Telegram chats, running branded agents, processing sensitive documents, and on-chain workflows (payments, invoicing, asset management).
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- **Ecosystem recognition:** Listed by Solana as one of 12 official privacy ecosystem projects
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- **GitHub:** Active commits through Feb/March 2026 (github.com/loyal-labs)
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- **Roadmap:** Core B2B features targeting Q2 2026. Broader roadmap through Q4 2026 / H1 2027 targeting finance, healthcare, and law verticals.
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## Team
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SF-based team of 4 — Eden, Chris, Basil, and Vasiliy — working together ~3 years on anti-surveillance solutions. One member is a Colgate University Applied Math/CS grad with 3 peer-reviewed AI publications.
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## Governance Activity — Active Treasury Defense
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Loyal is notable for aggressive treasury management — deploying both buybacks and liquidity burns to defend NAV:
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| Decision | Date | Outcome | Record |
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|----------|------|---------|--------|
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| ICO launch | 2025-10-18 | Completed, $2.5M raised (152x oversubscribed) | [[loyal-futardio-launch]] |
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| $1.5M treasury buyback | 2025-11 | Passed — 8,640 orders over 30 days at max $0.238/token (NAV minus 2 months opex) | [[loyal-buyback-up-to-nav]] |
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| 90% liquidity pool burn | 2025-12 | Passed — burned 809,995 LOYAL from Meteora DAMM v2 pool | [[loyal-liquidity-adjustment]] |
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**Buyback logic:** $1.5M at max $0.238/token = estimated 6.3M LOYAL purchased. 90-day cooldown on new buyback/redemption proposals. The max price was calculated as NAV minus 2 months operating expenses — disciplined framework.
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**Liquidity burn rationale:** The Meteora pool was creating selling pressure without corresponding price support. 90% withdrawal (not 100%) to avoid Dexscreener indexing visibility issues. Second MetaDAO project to deploy NAV defense through buybacks.
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## Open Questions
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- **Product delivery.** $260K treasury and $60K/month burn gives ~4 months runway. The confidential computing stack (MagicBlock + Arcium) is ambitious infrastructure. Can they ship with this runway?
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- **Market timing.** Private AI chat is a growing concern but the paying market is uncertain. Venice.ai is the closest competitor with a different approach (no blockchain, subscription model).
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- **Oversubscription paradox.** 152x oversubscription generated massive attention but the pro-rata mechanism means most committed capital was returned. Does the ratio reflect genuine conviction or allocation-hunting behavior?
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## Timeline
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## Timeline
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- **2025-10-18** — MetaDAO curated ICO opens ($500K target)
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- **2025-2026** — Raised capital through MetaDAO permissioned launchpad
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- **2025-10-22** — ICO closes. $2.5M raised (152x oversubscribed).
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- **2025-11** — $1.5M treasury buyback (8,640 orders over 30 days, max $0.238/token)
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- **2025-12** — 90% LOYAL tokens burned from Meteora DAMM v2 pool
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---
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Relevant Notes:
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- [[metadao]] — launch platform (curated ICO #5)
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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]] — 4-day raise window with 152x oversubscription
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Topics:
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- [[internet finance and decision markets]]
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# P2P.me
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# P2P.me
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**Type:** Company
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**Type:** Company
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**Status:** Active
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**Domain:** internet-finance
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**Domain:** Internet Finance
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**Status:** Active (fundraising ongoing)
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**Founded:** Unknown
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**Description:** Peer-to-peer USDC-to-fiat conversion platform supporting UPI (India), PIX (Brazil), and QRIS (Indonesia) payment rails.
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## Overview
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## Overview
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P2P.me operates a peer-to-peer marketplace for USDC-to-fiat conversion across multiple chains. The platform addresses crypto on-ramp friction in emerging markets, particularly India where bank freezes for USDC transactions create adoption barriers.
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P2P.me is a project raising capital through MetaDAO's permissioned futarchy launchpad. As of March 2026, the raise has hit its minimum threshold and will proceed.
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## Business Model
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- **Revenue:** 2% commission on every swap, paid to liquidity providers
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- **Geographic focus:** India (78% of user base), Brazil, Indonesia
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- **Payment rails:** UPI, PIX, QRIS
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## Key Metrics
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- 1,000+ liquidity providers globally
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- Fraud rate: <1 in 25,000 on/off-ramps
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- 23,000 registered users (18,071 in India per Pine Analytics)
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- 2,000-2,500 weekly active users
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- $82K annual gross profit (per Pine Analytics assessment)
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## Funding
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- **Previous round:** $2M from Multicoin Capital and Coinbase Ventures
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- **ICO planned:** March 26, 2026 on MetaDAO
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- Target FDV: ~$15.5M
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- Token supply: 25.8M tokens
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- ICO price: $0.60
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- 50% liquid at TGE (10M ICO + 2.9M liquidity seeding)
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## Timeline
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## Timeline
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- **2025-mid** — User growth plateau begins (per Pine Analytics)
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- **2026-03** — Ongoing fundraise through MetaDAO permissioned launchpad, hit minimum threshold
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- **2026-03-20** — ICO registration opens for March 26 launch
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- **2026-03-26** — Scheduled ICO on MetaDAO (pending)
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---
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type: entity
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entity_type: company
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name: "Paystream"
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domain: internet-finance
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handles: ["@paystreamlabs"]
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website: https://paystream.finance
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status: active
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tracked_by: rio
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created: 2026-03-11
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last_updated: 2026-04-02
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parent: "[[metadao]]"
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launch_platform: metadao-curated
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launch_order: 7
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category: "Liquidity optimization protocol (Solana)"
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stage: early
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token_symbol: "$PAYS"
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token_mint: "PAYZP1W3UmdEsNLJwmH61TNqACYJTvhXy8SCN4Tmeta"
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founded_by: "Maushish Yadav"
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built_on: ["Solana"]
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tags: [metadao-curated-launch, ownership-coin, defi, lending, liquidity]
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competitors: ["Kamino", "Juplend", "MarginFi"]
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source_archive: "inbox/archive/2025-10-23-futardio-launch-paystream.md"
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---
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# Paystream
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# Paystream
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**Type:** Company
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**Domain:** internet-finance
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**Status:** Active
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**Token:** PAYS
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## Overview
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## Overview
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Modular Solana protocol unifying peer-to-peer lending, leveraged liquidity provisioning, and yield routing into a single capital-efficient engine. Matches lenders and borrowers at fair mid-market rates, eliminating the wide APY spreads seen in pool-based models like Kamino and Juplend. Integrates with Raydium CLMM, Meteora DLMM, and DAMM v2 pools.
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Paystream is a project that raised capital through MetaDAO's permissioned futarchy launchpad.
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## Investment Rationale (from raise)
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The pitch: every dollar on Paystream is always moving, always earning. Pool-based lending models have structural inefficiency — wide APY spreads between what lenders earn and borrowers pay. P2P matching eliminates the spread. Leveraged LP strategies turn idle capital into productive liquidity. The combination targets higher yields for lenders, lower rates for borrowers, and zero idle funds.
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## ICO Details
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- **Platform:** MetaDAO curated launchpad (7th launch)
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- **Date:** October 23-27, 2025
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- **Target:** $550K
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- **Committed:** $6.15M (11x oversubscribed)
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- **Final raise:** $750K
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- **Launch mechanism:** Futardio v0.6 (pro-rata)
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|
||||||
## Current State (as of early 2026)
|
|
||||||
|
|
||||||
- **Trading:** ~$0.073, down from $0.09 ATH. Market cap ~$680K — true micro-cap
|
|
||||||
- **Volume:** Extremely thin (~$3.5K daily)
|
|
||||||
- **Supply:** ~12.9M circulating of 24.75M max
|
|
||||||
- **Achievement:** Won the **Solana Colosseum 2025 hackathon**
|
|
||||||
- **Treasury:** $241K USDC remaining, $33.5K monthly allowance
|
|
||||||
|
|
||||||
## Team
|
|
||||||
|
|
||||||
Founded by **Maushish Yadav**, formerly a crypto security researcher/auditor who audited protocols including Lido, Thorchain, and TempleGold. Security background is relevant for a DeFi lending protocol.
|
|
||||||
|
|
||||||
## Governance Activity
|
|
||||||
|
|
||||||
| Decision | Date | Outcome | Record |
|
|
||||||
|----------|------|---------|--------|
|
|
||||||
| ICO launch | 2025-10-23 | Completed, $750K raised | [[paystream-futardio-fundraise]] |
|
|
||||||
| $225K treasury buyback | 2026-01-16 | Passed — 4,500 orders over 15 days at max $0.065/token | See inbox/archive |
|
|
||||||
|
|
||||||
The buyback follows the NAV-defense pattern now standard across MetaDAO launches — when an ownership coin trades significantly below treasury NAV, the rational move is buybacks until price converges.
|
|
||||||
|
|
||||||
## Open Questions
|
|
||||||
|
|
||||||
- **Adoption.** Extremely thin trading volume and micro-cap status suggest limited market awareness. The hackathon win is a signal but the protocol needs users.
|
|
||||||
- **Competitive moat.** P2P lending + leveraged LP is a crowded space on Solana. What prevents Kamino, MarginFi, or Juplend from adding similar P2P matching?
|
|
||||||
- **Treasury runway.** $241K at $33.5K/month gives ~7 months without revenue. The buyback spent $225K — aggressive given the treasury size.
|
|
||||||
|
|
||||||
## Timeline
|
## Timeline
|
||||||
|
|
||||||
- **2025-10-23** — MetaDAO curated ICO opens ($550K target)
|
- **2025-2026** — Raised capital through MetaDAO permissioned launchpad
|
||||||
- **2025-10-27** — ICO closes. $750K raised (11x oversubscribed).
|
|
||||||
- **2025** — Won Solana Colosseum hackathon
|
|
||||||
- **2026-01-16** — $225K USDC treasury buyback proposal passed (max $0.065/token, 90-day cooldown)
|
|
||||||
|
|
||||||
---
|
|
||||||
|
|
||||||
Relevant Notes:
|
|
||||||
- [[metadao]] — launch platform (curated ICO #7)
|
|
||||||
|
|
||||||
Topics:
|
|
||||||
- [[internet finance and decision markets]]
|
|
||||||
|
|
@ -1,89 +1,15 @@
|
||||||
---
|
|
||||||
type: entity
|
|
||||||
entity_type: company
|
|
||||||
name: "Ranger Finance"
|
|
||||||
domain: internet-finance
|
|
||||||
handles: ["@ranger_finance"]
|
|
||||||
status: liquidating
|
|
||||||
tracked_by: rio
|
|
||||||
created: 2026-03-11
|
|
||||||
last_updated: 2026-03-11
|
|
||||||
founded: 2026-01-06
|
|
||||||
category: "Perps aggregator / DEX aggregation (Solana/Hyperliquid)"
|
|
||||||
parent: "futardio"
|
|
||||||
stage: declining
|
|
||||||
key_metrics:
|
|
||||||
raise: "$8M raised ($86.4M committed — 14x oversubscription)"
|
|
||||||
treasury: "$3.25M USDC (pre-liquidation)"
|
|
||||||
token_price: "$0.48"
|
|
||||||
monthly_allowance: "$250K"
|
|
||||||
projected_volume: "$5B (actual: ~$2B — 60% below)"
|
|
||||||
projected_revenue: "$2M (actual: ~$500K — 75% below)"
|
|
||||||
liquidation_recovery: "90%+ from ICO price"
|
|
||||||
competitors: ["Jupiter", "Drift"]
|
|
||||||
built_on: ["Solana", "Hyperliquid"]
|
|
||||||
tags: ["perps", "aggregation", "metadao-ecosystem", "liquidation", "futarchy-enforcement"]
|
|
||||||
---
|
|
||||||
|
|
||||||
# Ranger Finance
|
# Ranger Finance
|
||||||
|
|
||||||
## Overview
|
**Type:** Company
|
||||||
Perps aggregator and DEX aggregation platform on Solana/Hyperliquid. Three products: perps aggregation (Jupiter, Drift), spot meta-aggregation (Jupiter, DFlow), and Ranger Earn (vault-based yield strategies). Launched via MetaDAO ICO in January 2026. Now undergoing futarchy-governed liquidation — the first major test of the unruggable ICO enforcement mechanism.
|
**Domain:** internet-finance
|
||||||
|
**Status:** Liquidated
|
||||||
|
**Token:** RNGR
|
||||||
|
|
||||||
## Current State
|
## Overview
|
||||||
- **Liquidation**: MetaDAO community passed liquidation proposal (early March 2026). Snapshot scheduled March 12, 2026.
|
|
||||||
- **Reasons for liquidation**:
|
Ranger Finance was a project that raised capital through MetaDAO's permissioned futarchy launchpad but subsequently liquidated.
|
||||||
- Material misrepresentations before fundraise: projected $5B volume and $2M revenue; actual was ~$2B volume (60% below) and ~$500K revenue (75% below)
|
|
||||||
- Activity dropped 90%+ post-ICO
|
|
||||||
- Most "users" were reportedly token farmers, not legitimate platform participants
|
|
||||||
- **Liquidation terms**: Pull all RNGR and USDC from the Futarchy AMM, return treasury funds to tokenholders (excluding unvested/protocol-owned). Recovery estimated at 90%+ from ICO price — strong investor protection outcome. IP and infrastructure return to Glint House PTE LTD.
|
|
||||||
- **Post-liquidation pivot**: Shifted to focus exclusively on vaults product, suspending perp aggregation and spot trading. Running "Build-A-Bear Hackathon" with up to $1M in vault TVL seed funding. All-time $1.13M+ paid to Ranger Earn depositors.
|
|
||||||
|
|
||||||
## Timeline
|
## Timeline
|
||||||
- **2026-01-06** — ICO on MetaDAO. Raised $6M+, selling 39% of RNGR at ~$15M FDV. Full liquidity at TGE (no vesting). Team allocation performance-based (milestones at 2x/4x/8x/16x/32x).
|
|
||||||
- **2026-02** — Volume and revenue significantly below projections. Activity drop-off.
|
|
||||||
- **2026-03** — Liquidation proposal passed via futarchy. Snapshot scheduled March 12.
|
|
||||||
- **2026-03-06** — Pivot to vaults-only, suspend perp/spot aggregation.
|
|
||||||
|
|
||||||
- **2026-01-00** — ICO added ~$9.1M to MetaDAO Assets Under Futarchy; maximum 30% drawdown from launch price
|
- **2025-2026** — Raised capital through MetaDAO permissioned launchpad
|
||||||
- **2026-03-13** — [[ranger-finance-liquidation]] Passed: Liquidated via futarchy governance, returning $5.047M USDC to token holders
|
- **2026** — Project liquidated
|
||||||
- **2026-03-23** — Liquidation proposal passed with 97% support and $581K trading volume, returning ~5M USDC to unlocked RNGR holders at ~$0.78 book value; IP returned to team
|
|
||||||
- **2026-03-23** — [[ranger-finance-liquidation-2026]] Passed: Liquidation executed with 97% support, returning ~5M USDC to holders at $0.78 book value
|
|
||||||
- **2026-03-13** — [[ranger-finance-liquidation-march-2026]] Passed: Futarchy governance voted to liquidate following material misrepresentation; $5.047M USDC returned to token holders
|
|
||||||
- **2026-03-23** — Liquidation proposal passed with 97% support and $581K trading volume, returning ~5M USDC to unlocked RNGR holders at $0.78 book value; IP returned to team
|
|
||||||
- **2026-03-23** — [[ranger-finance-liquidation-2026]] Passed with 97% support: returned ~5M USDC to holders at $0.78 book value
|
|
||||||
- **2026-03-23** — [[ranger-finance-liquidation-2026]] Passed with 97% support: Liquidation approved, ~$5M USDC returned to holders at $0.78 book value
|
|
||||||
- **2026-03-23** — [[ranger-finance-liquidation-march-2026]] Passed: Liquidation approved with 97% support, returned ~5M USDC to holders at $0.78 book value
|
|
||||||
- **2026-03** — [[ranger-finance-liquidation-2026]] Passed: Liquidation executed with 97% support, returning ~5M USDC to holders at $0.78 book value
|
|
||||||
- **2026-03-23** — [[ranger-finance-liquidation-2026]] Passed: Liquidation approved with 97% support, returning ~5M USDC to token holders at $0.78 book value
|
|
||||||
- **2026-03-23** — [[ranger-finance-liquidation-2026]] Passed: Liquidation returning 5M USDC to holders at $0.78 book value (97% support, $581K volume)
|
|
||||||
- **2026-03-23** — [[ranger-finance-liquidation-march-2026]] Passed with 97% support: liquidation returning 5M USDC to token holders at $0.78 book value
|
|
||||||
- **2026-03-23** — [[ranger-finance-liquidation-2026]] Passed: Liquidation executed with 97% support, returning 5M USDC to holders at $0.78 book value
|
|
||||||
- **2026-03** — [[ranger-finance-liquidation-2026]] Passed with 97% support: Liquidation returned 5M USDC to holders at $0.78 book value, IP returned to team
|
|
||||||
- **2026-03** — [[ranger-finance-liquidation-2026]] Passed with 97% support: Liquidation returned ~5M USDC to token holders at $0.78 book value after governance determined team underdelivery
|
|
||||||
- **2026-03** — [[ranger-finance-liquidation-2026]] Passed (97%): Liquidation returning 5M USDC to holders at $0.78 book value
|
|
||||||
- **2026-03-23** — [[ranger-finance-liquidation-2026]] Passed with 97% support: Liquidation returning 5M USDC to unlocked holders at $0.78 book value, IP returned to team
|
|
||||||
- **2026-03-23** — [[ranger-finance-liquidation-march-2026]] Passed: Liquidation executed with 97% support, returning 5M USDC to holders at $0.78 book value
|
|
||||||
- **2026-03-23** — [[ranger-finance-liquidation-2026]] Passed: Liquidation returned 5M USDC to holders at $0.78 book value with 97% support
|
|
||||||
- **2026-03-23** — [[ranger-finance-liquidation-march-2026]] Passed: Liquidation approved with 97% support, returning 5M USDC to holders at $0.78 book value
|
|
||||||
## Significance for KB
|
|
||||||
Ranger is THE test case for futarchy-governed enforcement. The system is working as designed: investors funded a project, the project underperformed relative to representations, the community used futarchy to force liquidation and treasury return. This is exactly what the "unruggable ICO" mechanism promises — and Ranger is the first live demonstration.
|
|
||||||
|
|
||||||
Key questions this case answers:
|
|
||||||
1. Does futarchy enforcement actually work? (Yes — liquidation proposal passed)
|
|
||||||
2. Do investors get meaningful recovery? (90%+ from ICO price — strong outcome)
|
|
||||||
3. Does the threat of liquidation create accountability? (Evidence: team pivoted to vaults before liquidation completed)
|
|
||||||
|
|
||||||
## Relationship to KB
|
|
||||||
- [[futarchy-governed liquidation is the enforcement mechanism that makes unruggable ICOs credible because investors can force full treasury return when teams materially misrepresent]] — Ranger IS the evidence for this claim
|
|
||||||
- [[futarchy-governed permissionless launches require brand separation to manage reputational liability because failed projects on a curated platform damage the platforms credibility]] — Ranger demonstrates the brand separation challenge
|
|
||||||
- [[ownership coins primary value proposition is investor protection not governance quality because anti-rug enforcement through market-governed liquidation creates credible exit guarantees that no amount of decision optimization can match]] — Ranger tests investor protection in practice
|
|
||||||
|
|
||||||
---
|
|
||||||
|
|
||||||
Relevant Entities:
|
|
||||||
- [[metadao]] — parent platform
|
|
||||||
- futardio — launch mechanism
|
|
||||||
|
|
||||||
Topics:
|
|
||||||
- [[internet finance and decision markets]]
|
|
||||||
|
|
@ -1,49 +1,14 @@
|
||||||
---
|
|
||||||
type: entity
|
|
||||||
entity_type: company
|
|
||||||
name: "Umbra"
|
|
||||||
domain: internet-finance
|
|
||||||
handles: ["@UmbraPrivacy"]
|
|
||||||
website: https://umbraprivacy.com
|
|
||||||
status: active
|
|
||||||
tracked_by: rio
|
|
||||||
created: 2026-03-11
|
|
||||||
last_updated: 2026-03-11
|
|
||||||
parent: "futardio"
|
|
||||||
category: "Privacy protocol (Solana)"
|
|
||||||
stage: growth
|
|
||||||
funding: "$3M raised via Futardio ICO"
|
|
||||||
built_on: ["Solana", "Arcium"]
|
|
||||||
tags: ["privacy", "futardio-launch", "ownership-coin"]
|
|
||||||
source_archive: "inbox/archive/2025-10-06-futardio-launch-umbra.md"
|
|
||||||
---
|
|
||||||
|
|
||||||
# Umbra
|
# Umbra
|
||||||
|
|
||||||
## Overview
|
**Type:** Company
|
||||||
Privacy protocol for confidential swaps and transfers on Solana, built on Arcium. First project to launch on Futardio. Notable for extreme oversubscription under the original pro-rata mechanism.
|
**Domain:** internet-finance
|
||||||
|
**Status:** Active
|
||||||
|
**Token:** UMBRA
|
||||||
|
|
||||||
## Current State
|
## Overview
|
||||||
- **Raised**: $3M final (target $750K, $154.9M committed — 207x oversubscribed)
|
|
||||||
- **Treasury**: $1.99M USDC remaining
|
Umbra is a project that raised capital through MetaDAO's permissioned futarchy launchpad.
|
||||||
- **Token**: UMBRA (mint: PRVT6TB7uss3FrUd2D9xs2zqDBsa3GbMJMwCQsgmeta), price: $0.83
|
|
||||||
- **Monthly allowance**: $100K
|
|
||||||
- **Launch mechanism**: Futardio v0.6 (pro-rata, pre-unruggable ICO)
|
|
||||||
|
|
||||||
## Timeline
|
## Timeline
|
||||||
- **2025-10-06** — Futardio launch opens ($750K target)
|
|
||||||
- **2025-10-10** — Launch closes. $3M raised from $154.9M committed.
|
|
||||||
|
|
||||||
- **2026-01-00** — ICO demonstrated strongest demand signal: $154M committed for $3M raise (51x oversubscription); reached 8x peak return, currently trading at ~3x
|
- **2025-2026** — Raised capital through MetaDAO permissioned launchpad
|
||||||
## Relationship to KB
|
|
||||||
- futardio — launched on Futardio platform (first launch)
|
|
||||||
- [[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]] — evidence for platform operational capacity
|
|
||||||
|
|
||||||
---
|
|
||||||
|
|
||||||
Relevant Entities:
|
|
||||||
- futardio — launch platform
|
|
||||||
- [[metadao]] — parent ecosystem
|
|
||||||
|
|
||||||
Topics:
|
|
||||||
- [[internet finance and decision markets]]
|
|
||||||
14
entities/internet-finance/zkfg.md
Normal file
14
entities/internet-finance/zkfg.md
Normal file
|
|
@ -0,0 +1,14 @@
|
||||||
|
# ZKFG
|
||||||
|
|
||||||
|
**Type:** Company
|
||||||
|
**Domain:** internet-finance
|
||||||
|
**Status:** Active
|
||||||
|
**Token:** ZKFG
|
||||||
|
|
||||||
|
## Overview
|
||||||
|
|
||||||
|
ZKFG is a project that raised capital through MetaDAO's permissioned futarchy launchpad.
|
||||||
|
|
||||||
|
## Timeline
|
||||||
|
|
||||||
|
- **2025-2026** — Raised capital through MetaDAO permissioned launchpad
|
||||||
Loading…
Reference in a new issue