diff --git a/entities/internet-finance/solomon-futardio-fundraise.md b/entities/internet-finance/solomon-futardio-fundraise.md new file mode 100644 index 000000000..b238041ab --- /dev/null +++ b/entities/internet-finance/solomon-futardio-fundraise.md @@ -0,0 +1,54 @@ +--- +type: entity +entity_type: decision_market +name: "Solomon: Futardio Fundraise" +domain: internet-finance +status: passed +parent_entity: "[[solomon]]" +platform: "futardio" +proposal_url: "https://www.futard.io/launch/634r63NH2qbTrSVyLieC3Ab3YKaEfoGnCLM8idZMEycE" +proposal_date: 2025-11-14 +resolution_date: 2025-11-18 +category: "fundraise" +summary: "Solomon raised $8M through futarchy-governed ICO after receiving $102.9M in commitments against $2M target" +key_metrics: + funding_target: "$2,000,000" + total_committed: "$102,932,673.08" + final_raise: "$8,000,000" + oversubscription_ratio: 51.5 + token_allocation: "20% to MetaDAO for liquidity seeding, 80% to Solomon DAO treasury" + token_mint: "SoLo9oxzLDpcq1dpqAgMwgce5WqkRDtNXK7EPnbmeta" +tracked_by: rio +created: 2026-03-11 +--- + +# Solomon: Futardio Fundraise + +## Summary + +Solomon Labs raised $8M through a futarchy-governed ICO on Futardio (MetaDAO's launchpad) after receiving $102.9M in total commitments against a $2M minimum target. The raise closed on 2025-11-18 after launching 2025-11-14. Solomon is building USDv, a non-rebasing yield-bearing stablecoin that maintains $1 parity while earning through basis trading and T-bills. + +## Market Data + +- **Outcome:** Passed (closed at $8M) +- **Funding Target:** $2M minimum, $5-8M ideal +- **Total Committed:** $102.9M (51.5x oversubscription) +- **Final Raise:** $8M +- **Token Allocation:** 20% to MetaDAO for liquidity seeding, 80% to Solomon DAO treasury +- **Launch Date:** 2025-11-14 +- **Close Date:** 2025-11-18 + +## Significance + +This represents one of the highest oversubscription ratios documented on Futardio, demonstrating market demand for yield-bearing stablecoins with composable architecture. Solomon's dual-path design (USDv for composability, sUSDv for staking) addresses the integration friction that has kept $150B+ of stablecoin capital idle across DeFi. + +The team's decision to cap the raise at $8M despite $102.9M in commitments reflects their stated preference for "real unmet demand after the raise closes" rather than maximizing capital extraction. + +Solomon had been operating in closed beta for a year with seven-figure TVL before this public fundraise, including surviving the October 10th Binance price dislocation without incidents. + +## Relationship to KB + +- [[solomon]] — parent entity +- [[futardio]] — platform +- [[metadao]] — receives 20% token allocation for liquidity seeding +- [[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]] — mechanism context diff --git a/entities/internet-finance/solomon.md b/entities/internet-finance/solomon.md index c33ae9b73..16d7ce752 100644 --- a/entities/internet-finance/solomon.md +++ b/entities/internet-finance/solomon.md @@ -41,6 +41,7 @@ One of the first successful Futardio launches. Raised $8M through the pro-rata m - **2026-02/03** — Lab Notes series (Ranga documenting progress publicly) - **2026-03** — Treasury subcommittee proposal (DP-00001) — formalized operational governance +- **2025-11-14** — Launched futarchy-governed fundraise on Futardio with $2M target, raised $102.9M in commitments (51.5x oversubscription), closed at $8M final raise on 2025-11-18 ## Competitive Position Solomon is not primarily a competitive entity — it's an existence proof. It demonstrates that futarchy-governed organizations can raise capital, manage treasuries, and create operational governance structures. The key question is whether the futarchy layer adds genuine value beyond what a normal startup with transparent treasury management would achieve. diff --git a/inbox/archive/2025-11-14-futardio-launch-solomon.md b/inbox/archive/2025-11-14-futardio-launch-solomon.md index a4dce9a1b..304572649 100644 --- a/inbox/archive/2025-11-14-futardio-launch-solomon.md +++ b/inbox/archive/2025-11-14-futardio-launch-solomon.md @@ -6,9 +6,13 @@ url: "https://www.futard.io/launch/634r63NH2qbTrSVyLieC3Ab3YKaEfoGnCLM8idZMEycE" date: 2025-11-14 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: "Pure entity extraction — fundraise launch data for Solomon. No novel claims about mechanisms or market dynamics beyond what's already captured in existing futarchy/MetaDAO claims. The 51.5x oversubscription is notable but represents a single data point, not a generalizable pattern. Created decision_market entity for the fundraise and updated parent Solomon entity timeline." --- ## Launch Details @@ -69,3 +73,12 @@ Solomon is the first stablecoin system that can sit everywhere money sits. Walle - Version: v0.6 - Final raise: $8,000,000.00 - Closed: 2025-11-18 + + +## Key Facts +- Solomon raised $8M through Futardio with 51.5x oversubscription ($102.9M committed against $2M target) +- Solomon operates dual-path stablecoin: USDv (composable, $1 parity) and sUSDv (staking, yield-bearing) +- Solomon's yield engine runs basis trading (long spot, short perp) and T-bills with Ceffu custody and insurance +- Solomon ran closed beta for one year with seven-figure TVL before public fundraise +- Token allocation: 20% MetaDAO (liquidity), 80% Solomon DAO treasury +- Token mint: SoLo9oxzLDpcq1dpqAgMwgce5WqkRDtNXK7EPnbmeta