From c3f21e74afd9090f5c1f0e7e920e6a5546954132 Mon Sep 17 00:00:00 2001 From: m3taversal Date: Wed, 11 Mar 2026 00:42:05 +0000 Subject: [PATCH] Auto: 5 files | 5 files changed, 90 insertions(+), 11 deletions(-) --- entities/internet-finance/futardio.md | 8 ++- entities/internet-finance/metadao.md | 15 ++++- entities/internet-finance/omnipair.md | 6 +- entities/internet-finance/ranger-finance.md | 64 +++++++++++++++++++++ entities/internet-finance/solomon.md | 8 ++- 5 files changed, 90 insertions(+), 11 deletions(-) create mode 100644 entities/internet-finance/ranger-finance.md diff --git a/entities/internet-finance/futardio.md b/entities/internet-finance/futardio.md index 2659995e..6cde081d 100644 --- a/entities/internet-finance/futardio.md +++ b/entities/internet-finance/futardio.md @@ -14,8 +14,10 @@ parent: "[[metadao]]" category: "Futarchy-governed token launchpad (Solana)" stage: growth key_metrics: - total_launches: "5,400+ (self-reported, unverified)" - notable_launches: ["Umbra", "Solomon", "Rock Game", "Turtle Cove", "VervePay", "Open Music", "SeekerVault", "SuperClaw", "LaunchPet", "Seyf", "Areal", "Etnlio"] + total_launches: "45 (verified from platform data)" + total_commits: "$17.8M" + total_funders: "1,010" + notable_launches: ["Umbra", "Solomon", "Superclaw ($6M committed)", "Rock Game", "Turtle Cove", "VervePay", "Open Music", "SeekerVault", "SuperClaw", "LaunchPet", "Seyf", "Areal", "Etnlio"] mechanism: "Unruggable ICO — futarchy-governed launches with treasury return guarantees" competitors: ["pump.fun (memecoins)", "Doppler (liquidity bootstrapping)"] built_on: ["Solana", "MetaDAO Autocrat"] @@ -28,7 +30,7 @@ tags: ["launchpad", "ownership-coins", "futarchy", "unruggable-ico", "permission MetaDAO's token launch platform. Implements "unruggable ICOs" — permissionless launches where investors can force full treasury return through futarchy-governed liquidation if teams materially misrepresent. Replaced the original uncapped pro-rata mechanism that caused massive overbidding (Umbra: $155M committed for $3M raise = 50x; Solomon: $103M committed for $8M = 13x). ## Current State -- **Launches**: 5,400+ total (self-reported; many are test/spam launches — quality projects are a subset) +- **Launches**: 45 total (verified from platform data, March 2026). Many projects show "REFUNDING" status (failed to meet raise targets). Total commits: $17.8M across 1,010 funders. - **Mechanism**: Unruggable ICO. Projects raise capital, treasury is held onchain, futarchy proposals govern project direction. If community votes for liquidation, treasury returns to token holders. - **Quality signal**: The platform is permissionless — anyone can launch. Brand separation between Futardio platform and individual project quality is an active design challenge. - **Key test case**: Ranger Finance liquidation proposal (March 2026) — first major futarchy-governed enforcement action. Liquidation IS the enforcement mechanism — system working as designed. diff --git a/entities/internet-finance/metadao.md b/entities/internet-finance/metadao.md index 6b9c1119..ecf9e44f 100644 --- a/entities/internet-finance/metadao.md +++ b/entities/internet-finance/metadao.md @@ -14,8 +14,16 @@ founders: ["[[proph3t]]"] category: "Futarchy governance protocol + ownership coin launchpad (Solana)" stage: growth key_metrics: - ecosystem_launches: "12+ (via Futardio)" + meta_price: "~$3.78 (March 2026)" + market_cap: "~$85.7M" + ecosystem_market_cap: "$219M total ($69M non-META)" + total_revenue: "$3.1M+ (Q4 2025: $2.51M — 54% Futarchy AMM, 46% Meteora LP)" + total_equity: "$16.5M (up from $4M in Q3 2025)" + runway: "15+ quarters at ~$783K/quarter burn" + icos_facilitated: "8 on MetaDAO proper (through Dec 2025), raising $25.6M total" + ecosystem_launches: "45 (via Futardio)" futarchic_amm_lp_share: "~20% of each project's token supply" + proposal_volume: "$3.6M Q4 2025 (up from $205K in Q3)" competitors: ["[[snapshot]]", "[[tally]]"] built_on: ["Solana"] tags: ["futarchy", "decision-markets", "ownership-coins", "governance", "launchpad"] @@ -30,8 +38,9 @@ The futarchy governance protocol on Solana. Implements decision markets through - **Autocrat**: Conditional token markets for governance decisions. Proposals create pass/fail universes; TWAP settlement over 3 days. - **Futardio**: Unruggable ICO launch platform. Projects raise capital through the MetaDAO ecosystem with futarchy-governed accountability. Replaced the original uncapped pro-rata mechanism that caused massive overbidding (Umbra: $155M committed for $3M raise = 50x oversubscription; Solomon: $103M committed for $8M = 13x). - **Futarchic AMM**: Custom-built AMM for decision market trading. No fees for external LPs — all fees go to the protocol. ~20% of each project's token supply is in the Futarchic AMM LP. LP cannot be withdrawn during active markets. -- **Ecosystem**: 12+ projects launched (Solomon, MycoRealms, Ranger, Dean's List, Umbra, and Futardio-era launches) -- **Treasury**: Active management via subcommittee proposals (see Solomon DP-00001) +- **Financial**: $85.7M market cap, $219M ecosystem market cap ($69M non-META). Total revenue $3.1M+ (Q4 2025 alone: $2.51M). Total equity $16.5M, 15+ quarters runway. +- **Ecosystem**: 8 curated ICOs raising $25.6M total (through Dec 2025) + 45 permissionless Futardio launches +- **Treasury**: Active management via subcommittee proposals (see Solomon DP-00001). Omnibus proposal migrated ~90% of META liquidity into Futarchy AMM and burned ~60K META. - **Known limitation**: Limited trading volume in uncontested decisions — when community consensus is obvious, conditional markets add little information ## Timeline diff --git a/entities/internet-finance/omnipair.md b/entities/internet-finance/omnipair.md index f1f88dc3..565a4268 100644 --- a/entities/internet-finance/omnipair.md +++ b/entities/internet-finance/omnipair.md @@ -3,7 +3,7 @@ type: entity entity_type: company name: "OmniPair" domain: internet-finance -handles: ["@omnaborsa"] +handles: ["@omnipair"] website: https://omnipair.com status: active tracked_by: rio @@ -14,7 +14,9 @@ founders: ["[[rakka]]"] category: "Combined AMM + lending protocol (Solana)" stage: seed market_cap: "$2-3M (as of ~2026-02-25)" -funding: "Self-funded / community" +ico_raise: "$1.1M (July 2025 via MetaDAO)" +token_performance: "OMFG up ~480% since ICO" +funding: "ICO via MetaDAO" key_metrics: tvl: "$250-300K (~3 weeks post-launch)" volume_tvl_ratio: "~0.8x monthly, trending toward 1x" diff --git a/entities/internet-finance/ranger-finance.md b/entities/internet-finance/ranger-finance.md new file mode 100644 index 00000000..3126443a --- /dev/null +++ b/entities/internet-finance/ranger-finance.md @@ -0,0 +1,64 @@ +--- +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)" +stage: declining +key_metrics: + raise: "$6M+ (39% of RNGR supply at ~$15M FDV)" + projected_volume: "$5B (actual: ~$2B — 60% below)" + projected_revenue: "$2M (actual: ~$500K — 75% below)" + liquidation_value: "$0.75-$0.82 per token (estimated)" +competitors: ["Jupiter", "Drift"] +built_on: ["Solana", "Hyperliquid"] +tags: ["perps", "aggregation", "metadao-ecosystem", "liquidation", "futarchy-enforcement"] +--- + +# Ranger Finance + +## Overview +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. + +## Current State +- **Liquidation**: MetaDAO community passed liquidation proposal (early March 2026). Snapshot scheduled March 12, 2026. +- **Reasons for liquidation**: + - 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), estimated $0.75-$0.82 per token. 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 +- **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. + +## 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? ($0.75-$0.82 per token = 75-82% recovery) +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]] diff --git a/entities/internet-finance/solomon.md b/entities/internet-finance/solomon.md index 78ab98b2..a9ad29f2 100644 --- a/entities/internet-finance/solomon.md +++ b/entities/internet-finance/solomon.md @@ -3,7 +3,7 @@ type: entity entity_type: company name: "Solomon" domain: internet-finance -handles: ["@oxranga"] +handles: ["@solomon_labs"] status: active tracked_by: rio created: 2026-03-11 @@ -26,8 +26,10 @@ tags: ["ownership-coins", "futarchy", "treasury-management", "metadao-ecosystem" One of the first successful Futardio launches. Raised $8M through the pro-rata mechanism ($103M committed = 13x oversubscription). Notable for implementing structured treasury management through futarchy — the treasury subcommittee proposal (DP-00001) established operational governance scaffolding on top of futarchy's market-based decision mechanism. ## Current State -- **Governance**: Active futarchy governance through MetaDAO Autocrat. Treasury subcommittee proposal (DP-00001) created operational structure for treasury management. -- **Treasury**: Actively managed through buybacks and strategic allocations +- **Product**: USDv — yield-bearing stablecoin. YaaS (Yield-as-a-Service) streams yield to approved USDv holders, LP positions, and treasury balances without wrappers or vaults. +- **Governance**: Active futarchy governance through MetaDAO Autocrat. Treasury subcommittee proposal (DP-00001) passed March 9, 2026 (cleared 1.5% TWAP threshold by +2.22%). Moves up to $150K USDC into segregated legal budget, nominates 4 subcommittee designates. +- **Treasury**: Actively managed through buybacks and strategic allocations. DP-00001 is step 1 of 3: (1) legal/pre-formation, (2) SOLO buyback framework, (3) treasury account activation. +- **YaaS status**: Closed beta — LP volume crossed $1M, OroGold GOLD/USDv pool delivering 59.6% APY. First deployment drove +22.05% LP APY with 3.5x pool growth. - **Significance**: Test case for whether futarchy-governed organizations converge on traditional corporate governance scaffolding for operations ## Timeline