From 931fdf4b2b5ab4ee2d187a829602f348aa49044f Mon Sep 17 00:00:00 2001 From: Teleo Agents Date: Thu, 12 Mar 2026 05:03:29 +0000 Subject: [PATCH] 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 --- entities/internet-finance/futardio.md | 1 + .../manna-finance-futardio-fundraise.md | 44 +++++++++++++++++++ entities/internet-finance/manna-finance.md | 32 ++++++++++++++ ...026-03-03-futardio-launch-manna-finance.md | 18 +++++++- 4 files changed, 94 insertions(+), 1 deletion(-) create mode 100644 entities/internet-finance/manna-finance-futardio-fundraise.md create mode 100644 entities/internet-finance/manna-finance.md diff --git a/entities/internet-finance/futardio.md b/entities/internet-finance/futardio.md index 3939e101..856c6c24 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 +- **2026-03-03** — [[manna-finance-futardio-fundraise]] launched seeking $120K, failed with only $205 committed (0.17% of target) ## 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/manna-finance-futardio-fundraise.md b/entities/internet-finance/manna-finance-futardio-fundraise.md new file mode 100644 index 00000000..d3d19474 --- /dev/null +++ b/entities/internet-finance/manna-finance-futardio-fundraise.md @@ -0,0 +1,44 @@ +--- +type: entity +entity_type: decision_market +name: "Manna Finance: Futardio Fundraise" +domain: internet-finance +status: failed +parent_entity: "[[manna-finance]]" +platform: "futardio" +proposer: "Manna Finance team" +proposal_url: "https://www.futard.io/launch/5whxoTjxW4oKeSN4C8yf5JUur7pcSChkPWgmhSZQ8oD5" +proposal_date: 2026-03-03 +resolution_date: 2026-03-04 +category: "fundraise" +summary: "Zero-interest CDP protocol on Solana seeking $120K for mainnet launch and audit" +key_metrics: + raise_target: "$120,000" + total_committed: "$205" + oversubscription_ratio: 0.0017 + duration_days: 1 +tracked_by: rio +created: 2026-03-11 +--- + +# Manna Finance: Futardio Fundraise + +## Summary +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. + +## Market Data +- **Outcome:** Failed (refunding) +- **Raise Target:** $120,000 +- **Total Committed:** $205 +- **Oversubscription:** 0.17% +- **Duration:** 1 day (2026-03-03 to 2026-03-04) + +## Significance +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. + +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. + +## Relationship to KB +- [[futardio]] — fundraising platform +- [[MetaDAO]] — planned governance mechanism +- [[internet-capital-markets-compress-fundraising-timelines]] — counterexample showing speed does not guarantee success \ No newline at end of file diff --git a/entities/internet-finance/manna-finance.md b/entities/internet-finance/manna-finance.md new file mode 100644 index 00000000..8e37a97c --- /dev/null +++ b/entities/internet-finance/manna-finance.md @@ -0,0 +1,32 @@ +--- +type: entity +entity_type: company +name: "Manna Finance" +domain: internet-finance +status: failed +founded: 2026 +headquarters: "Unknown" +key_people: + - role: "Founder" + name: "Unknown" +website: "https://manna.finance/" +social: + twitter: "https://x.com/MannaFinance" +tracked_by: rio +created: 2026-03-11 +--- + +# Manna Finance + +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. + +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. + +## Timeline +- **2026-03-03** — [[manna-finance-futardio-fundraise]] launched on Futardio seeking $120K for 12-month runway +- **2026-03-04** — Fundraise closed with only $205 committed (0.17% of target), entered refunding status + +## Relationship to KB +- [[futardio]] — fundraising platform used +- [[MetaDAO]] — planned governance mechanism +- Example of failed futarchy-governed fundraise in early-stage crypto capital formation \ No newline at end of file diff --git a/inbox/archive/2026-03-03-futardio-launch-manna-finance.md b/inbox/archive/2026-03-03-futardio-launch-manna-finance.md index 51ad91a2..45dd9d85 100644 --- a/inbox/archive/2026-03-03-futardio-launch-manna-finance.md +++ b/inbox/archive/2026-03-03-futardio-launch-manna-finance.md @@ -6,9 +6,13 @@ url: "https://www.futard.io/launch/5whxoTjxW4oKeSN4C8yf5JUur7pcSChkPWgmhSZQ8oD5" date: 2026-03-03 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: "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." --- ## Launch Details @@ -186,3 +190,15 @@ We're not pitching to VCs. We're raising from the community that will use and go - Token mint: `DQuz3AeodGAoyXV5MG56F1ZqvgRpn1VhFwFskW6Jmeta` - Version: v0.7 - Closed: 2026-03-04 + + +## Key Facts +- Manna Finance fundraise target: $120,000 (2026-03-03) +- Manna Finance total committed: $205 (2026-03-04) +- Manna Finance oversubscription ratio: 0.17% (2026-03-04) +- Manna Finance planned monthly burn: $10,000/month for 12-month runway +- Manna Finance collateral: SOL-only +- Manna Finance stablecoin: solUSD with zero ongoing interest +- Manna Finance mechanism: Liquity V1-style CDP with redemptions and liquidations +- Manna Finance governance: Planned MetaDAO futarchy from launch +- Manna Finance competitive positioning: vs USX (Solstice), USDv (Solomon), jupUSD (Jupiter), USDGO (OSL)