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- Files: entities/internet-finance/ranger-finance.md

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entities/internet-finance/ranger-finance.md
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@ -47,6 +47,8 @@ Perps aggregator and DEX aggregation platform on Solana/Hyperliquid. Three produ
- **2026-01-00** — ICO added ~$9.1M to MetaDAO Assets Under Futarchy; maximum 30% drawdown from launch price
- **2026-03-13** — [[ranger-finance-liquidation]] Passed: Liquidated via futarchy governance, returning $5.047M USDC to token holders
- **2026-03-23** — Liquidation proposal passed with 97% support and $581K trading volume, returning ~5M USDC to unlocked RNGR holders at ~$0.78 book value; IP returned to team
- **2026-03-23** — [[ranger-finance-liquidation-2026]] Passed: Liquidation executed with 97% support, returning ~5M USDC to holders at $0.78 book value
## 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.