diff --git a/entities/internet-finance/futardio.md b/entities/internet-finance/futardio.md
index 3939e101..7700a68b 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 $75K fundraise for formally-verified DeFi protocol, entered refunding status within one 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..3aa14fa6
--- /dev/null
+++ b/entities/internet-finance/torch-market.md
@@ -0,0 +1,29 @@
+---
+type: entity
+entity_type: company
+name: "Torch Market"
+domain: internet-finance
+status: failed
+tracked_by: rio
+created: 2026-03-11
+key_metrics:
+  funding_target: "$75,000"
+  funding_outcome: "refunding"
+  platform: "futardio"
+  launch_date: "2026-03-05"
+  close_date: "2026-03-06"
+---
+
+# Torch Market
+
+Torch Market is a DeFi protocol combining swap, lending, liquidation, and yield functionality in a single on-chain protocol designed for both human and AI agent users. The protocol is formally verified (48/48 Kani proof harnesses) and deployed on Solana devnet/mainnet. The project includes an open-source SDK (torchsdk on npm with ~4K downloads via Clawhub agent skill), frontend at torch.market, and has completed a security audit.
+
+The protocol attempted to raise $75,000 through Futardio on 2026-03-05 but entered refunding status within one day, closing on 2026-03-06. The fundraise proposed a 6-month runway covering infrastructure ($500-1500/month for Helius RPC, $40/month for frontend deployment), founder compensation ($3000/month), marketing ($2000/month), marketing team ($6000/month for 2 people), and $5000 flat for bonding a new token on mainnet.
+
+## Timeline
+- **2026-03-05** — Launched $75K fundraise on Futardio for DeFi protocol combining swap/lend/liquidate/earn with formal verification
+- **2026-03-06** — Fundraise closed in refunding status after one day
+
+## Relationship to KB
+- [[futardio]] — fundraising platform
+- Part of the Solana DeFi ecosystem attempting futarchy-governed capital formation
\ 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..92e6abae 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: "Torch Market fundraise is a failed launch event with insufficient significance for claim extraction. The project has technical merit (formal verification, audit, SDK adoption) but the fundraise failed immediately. Created entity page to track the launch event and updated Futardio timeline. No novel claims about futarchy mechanisms, DeFi architecture, or capital formation patterns that aren't already covered in existing KB claims about futarchy-governed launches and their variance."
 ---
 
 ## 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 $0 of $75K target on Futardio (2026-03-05 to 2026-03-06)
+- Torch Market SDK has ~4K downloads on Clawhub
+- Torch Market completed 48/48 Kani formal verification proof harnesses
+- Proposed 6-month runway: $3K founder, $2K marketing, $6K marketing team, $500-1500 infrastructure per month