diff --git a/entities/internet-finance/futardio.md b/entities/internet-finance/futardio.md
index 3939e101..b1bfbad1 100644
--- a/entities/internet-finance/futardio.md
+++ b/entities/internet-finance/futardio.md
@@ -46,6 +46,7 @@ MetaDAO's token launch platform. Implements "unruggable ICOs" — permissionless
 
 - **2026-03-07** — Areal DAO launch: $50K target, raised $11,654 (23.3%), REFUNDING status by 2026-03-08 — first documented failed futarchy-governed fundraise on platform
 - **2026-03-04** — [[seekervault]] fundraise launched targeting $75,000, closed next day with only $1,186 (1.6% of target) in refunding status
+- **2026-03-05** — [[torch-market]] launched fundraise targeting $75,000, entered refunding status next day
 ## Competitive Position
 - **Unique mechanism**: Only launch platform with futarchy-governed accountability and treasury return guarantees
 - **vs pump.fun**: pump.fun is memecoin launch (zero accountability, pure speculation). Futardio is ownership coin launch (futarchy governance, treasury enforcement). Different categories despite both being "launch platforms."
diff --git a/entities/internet-finance/torch-market.md b/entities/internet-finance/torch-market.md
new file mode 100644
index 00000000..196f6d15
--- /dev/null
+++ b/entities/internet-finance/torch-market.md
@@ -0,0 +1,37 @@
+---
+type: entity
+entity_type: company
+name: "Torch Market"
+domain: internet-finance
+status: failed
+founded: 2026
+platform: solana
+tracked_by: rio
+created: 2026-03-11
+key_metrics:
+  funding_target: "$75,000"
+  funding_outcome: "refunding"
+  launch_platform: "futardio"
+  launch_date: "2026-03-05"
+  close_date: "2026-03-06"
+---
+
+# Torch Market
+
+Torch Market is a Solana-based DeFi protocol combining swap, lending, liquidation, and yield features in a single formally verified protocol designed for both human and agent users. The project attempted to raise $75,000 through Futardio's futarchy-governed launch platform but entered refunding status within one day.
+
+## Timeline
+- **2026-03-05** — Launched fundraise on [[futardio]] targeting $75,000 for 6-month runway including marketing team expansion
+- **2026-03-06** — Fundraise closed with refunding status
+
+## Product
+- Frontend live on devnet/mainnet at torch.market
+- 48/48 Kani proof harnesses for formal verification
+- TorchSDK available on npm with ~4K downloads on Clawhub agent skill
+- Completed security audit
+- Open source repositories
+
+## Relationship to KB
+- [[futardio]] — launch platform
+- [[MetaDAO]] — futarchy governance infrastructure
+- Example of futarchy-governed fundraise failure despite technical completion
\ No newline at end of file
diff --git a/inbox/archive/2026-03-05-futardio-launch-torch-market.md b/inbox/archive/2026-03-05-futardio-launch-torch-market.md
index 403e38e8..965efd3d 100644
--- a/inbox/archive/2026-03-05-futardio-launch-torch-market.md
+++ b/inbox/archive/2026-03-05-futardio-launch-torch-market.md
@@ -6,9 +6,13 @@ url: "https://www.futard.io/launch/5ocdHgwhMwVDzUbE7ctjdkBmP4fauPsVfb2mfUsSmhRD"
 date: 2026-03-05
 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: "Single failed fundraise launch. No novel claims about futarchy mechanisms or market dynamics. Entity extraction only - the project had technical completion (formal verification, audit, live product) but failed to attract capital through futarchy launch. Significance threshold met due to being a data point on futarchy-governed fundraise outcomes, but no arguable propositions beyond what existing claims already cover about futarchy adoption friction and launch dynamics."
 ---
 
 ## Launch Details
@@ -68,3 +72,10 @@ total: 69k-70k + flat 5k = 70k-75k total
 - Token mint: `5pFkSJ795Th3eAkvvm8KTc2Y2tFYj8gFCiSrVMjpmeta`
 - Version: v0.7
 - Closed: 2026-03-06
+
+
+## Key Facts
+- Torch Market raised on Futardio 2026-03-05 targeting $75,000
+- Torch Market has 48/48 Kani formal verification proof harnesses
+- TorchSDK has ~4K downloads on Clawhub
+- Fundraise entered refunding status 2026-03-06