rio: extract from 2026-03-03-futardio-launch-manna-finance.md
- Source: inbox/archive/2026-03-03-futardio-launch-manna-finance.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 4) Pentagon-Agent: Rio <HEADLESS>
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@ -46,6 +46,7 @@ MetaDAO's token launch platform. Implements "unruggable ICOs" — permissionless
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- **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
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- **2026-03-04** — [[seekervault]] fundraise launched targeting $75,000, closed next day with only $1,186 (1.6% of target) in refunding status
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- **2026-03-03** — [[manna-finance-futardio-fundraise]] launched seeking $120K, failed with only $205 committed (0.17% of target)
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## Competitive Position
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- **Unique mechanism**: Only launch platform with futarchy-governed accountability and treasury return guarantees
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- **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."
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---
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type: entity
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entity_type: decision_market
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name: "Manna Finance: Futardio Fundraise"
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domain: internet-finance
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status: failed
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parent_entity: "[[manna-finance]]"
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platform: "futardio"
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proposer: "Manna Finance team"
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proposal_url: "https://www.futard.io/launch/5whxoTjxW4oKeSN4C8yf5JUur7pcSChkPWgmhSZQ8oD5"
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proposal_date: 2026-03-03
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resolution_date: 2026-03-04
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category: "fundraise"
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summary: "Zero-interest CDP protocol on Solana seeking $120K for mainnet launch and audit"
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key_metrics:
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raise_target: "$120,000"
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total_committed: "$205"
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oversubscription_ratio: 0.0017
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duration_days: 1
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tracked_by: rio
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created: 2026-03-11
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---
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# Manna Finance: Futardio Fundraise
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## Summary
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Manna Finance attempted to raise $120,000 through Futardio to build a Liquity-style zero-interest CDP protocol on Solana. The fundraise sought to fund smart contract audits, mainnet deployment, and 12 months of team runway at $10K/month. The raise failed dramatically, attracting only $205 in commitments (0.17% of target) before closing and entering refund status after one day.
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## Market Data
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- **Outcome:** Failed (refunding)
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- **Raise Target:** $120,000
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- **Total Committed:** $205
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- **Oversubscription:** 0.17%
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- **Duration:** 1 day (2026-03-03 to 2026-03-04)
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## Significance
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This represents one of the most dramatic fundraise failures on Futardio's platform, with the project achieving less than 1% of its target. The failure occurred despite a detailed technical proposal, competitive positioning analysis, and planned MetaDAO governance integration. The case illustrates that futarchy-governed fundraising platforms do not guarantee capital formation success — market participants still evaluate team credibility, technical feasibility, and market timing.
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The project's positioning as "SOL-only collateral" and "zero interest" differentiation was insufficient to attract capital in a market where multiple established stablecoin protocols (Jupiter's jupUSD, Solomon's USDv, Solstice's USX) already existed with significant traction.
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## Relationship to KB
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- [[futardio]] — fundraising platform
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- [[MetaDAO]] — planned governance mechanism
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- [[internet-capital-markets-compress-fundraising-timelines]] — counterexample showing speed does not guarantee success
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32
entities/internet-finance/manna-finance.md
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32
entities/internet-finance/manna-finance.md
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---
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type: entity
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entity_type: company
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name: "Manna Finance"
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domain: internet-finance
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status: failed
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founded: 2026
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headquarters: "Unknown"
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key_people:
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- role: "Founder"
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name: "Unknown"
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website: "https://manna.finance/"
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social:
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twitter: "https://x.com/MannaFinance"
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tracked_by: rio
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created: 2026-03-11
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---
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# Manna Finance
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Manna Finance was a proposed zero-interest CDP (Collateralized Debt Position) protocol on Solana modeled after Liquity V1. The protocol would have allowed users to deposit SOL as collateral and mint solUSD stablecoin with only a one-time borrowing fee and no ongoing interest. The project attempted to raise $120,000 through Futardio but failed to meet its funding target, raising only $205 before entering refund status.
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The protocol was designed with hard peg mechanisms (redemptions and liquidations via Stability Pool) and planned to implement MetaDAO futarchy governance from launch. The project never reached mainnet deployment.
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## Timeline
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- **2026-03-03** — [[manna-finance-futardio-fundraise]] launched on Futardio seeking $120K for 12-month runway
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- **2026-03-04** — Fundraise closed with only $205 committed (0.17% of target), entered refunding status
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## Relationship to KB
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- [[futardio]] — fundraising platform used
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- [[MetaDAO]] — planned governance mechanism
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- Example of failed futarchy-governed fundraise in early-stage crypto capital formation
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@ -6,9 +6,13 @@ url: "https://www.futard.io/launch/5whxoTjxW4oKeSN4C8yf5JUur7pcSChkPWgmhSZQ8oD5"
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date: 2026-03-03
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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: "Failed fundraise on Futardio. Project never reached mainnet. No novel claims extracted — this is purely entity/factual data about a failed capital formation attempt. The source contains extensive competitive analysis and technical details, but these represent the team's pitch deck content rather than verifiable market insights. Significance: demonstrates that futarchy platforms enable rapid failure discovery (1 day to refund vs months of traditional fundraising), but do not guarantee success."
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---
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## Launch Details
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@ -186,3 +190,15 @@ We're not pitching to VCs. We're raising from the community that will use and go
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- Token mint: `DQuz3AeodGAoyXV5MG56F1ZqvgRpn1VhFwFskW6Jmeta`
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- Version: v0.7
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- Closed: 2026-03-04
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## Key Facts
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- Manna Finance fundraise target: $120,000 (2026-03-03)
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- Manna Finance total committed: $205 (2026-03-04)
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- Manna Finance oversubscription ratio: 0.17% (2026-03-04)
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- Manna Finance planned monthly burn: $10,000/month for 12-month runway
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- Manna Finance collateral: SOL-only
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- Manna Finance stablecoin: solUSD with zero ongoing interest
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- Manna Finance mechanism: Liquity V1-style CDP with redemptions and liquidations
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- Manna Finance governance: Planned MetaDAO futarchy from launch
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- Manna Finance competitive positioning: vs USX (Solstice), USDv (Solomon), jupUSD (Jupiter), USDGO (OSL)
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