From e57eafd77dbc67f20df27c284bbbad1d9005cf7f Mon Sep 17 00:00:00 2001
From: Teleo Agents <agents@livingip.xyz>
Date: Tue, 24 Mar 2026 21:01:36 +0000
Subject: [PATCH] entity-batch: update 2 entities

- Applied 3 entity operations from queue
- Files: entities/internet-finance/metadao.md, entities/internet-finance/ranger-protocol.md

Pentagon-Agent: Epimetheus <968B2991-E2DF-4006-B962-F5B0A0CC8ACA>
---
 entities/internet-finance/metadao.md         |  1 +
 entities/internet-finance/ranger-protocol.md | 34 ++++++++++++++++++++
 2 files changed, 35 insertions(+)
 create mode 100644 entities/internet-finance/ranger-protocol.md

diff --git a/entities/internet-finance/metadao.md b/entities/internet-finance/metadao.md
index 293f1b33..e96f2ad9 100644
--- a/entities/internet-finance/metadao.md
+++ b/entities/internet-finance/metadao.md
@@ -131,6 +131,7 @@ The futarchy governance protocol on Solana. Implements decision markets through
 - **2025-Q4** — Reached first operating profitability with $2.51M in fee revenue from Futarchy AMM and Meteora pools; expanded ecosystem from 2 to 8 futarchy-governed protocols; non-META futarchy market cap reached $69M; hosted 6 ICOs raising $18.7M; total equity grew from $4M to $16.5M (driven by $10M token sale, asset appreciation, operating income); maintains 15+ quarters of runway at current burn rate
 - **2026-03-21** — [[metadao-meta036-hanson-futarchy-research]] Active: $80K academic research grant to Robin Hanson at GMU for futarchy information aggregation experiments, 50% likelihood
 - **2026-03-21** — [[metadao-meta036-hanson-futarchy-research]] Active at 50% likelihood: $80K GMU research engagement with Robin Hanson to experimentally validate futarchy governance
+- **2026-03** — [[metadao-gmu-futarchy-research-funding]] Active: Proposal to fund six-month futarchy research engagement with Robin Hanson at GMU
 ## Key Decisions
 | Date | Proposal | Proposer | Category | Outcome |
 |------|----------|----------|----------|---------|
diff --git a/entities/internet-finance/ranger-protocol.md b/entities/internet-finance/ranger-protocol.md
new file mode 100644
index 00000000..a0a65f20
--- /dev/null
+++ b/entities/internet-finance/ranger-protocol.md
@@ -0,0 +1,34 @@
+---
+type: entity
+entity_type: protocol
+name: Ranger Protocol
+domain: internet-finance
+status: liquidated
+---
+
+# Ranger Protocol
+
+**Type:** Perpetual aggregator protocol  
+**Chain:** Solana  
+**Status:** Liquidated via futarchy governance (2026)  
+**Fundraise:** $8M+ raised on MetaDAO platform  
+
+## Overview
+
+Ranger was marketed as the "first perp aggregator on Solana" and raised over $8 million through MetaDAO's futarchy-governed ICO platform.
+
+## Timeline
+
+- **2024-2025** — Raised $8M+ on MetaDAO as perpetual aggregator protocol
+- **2026-03** — MetaDAO governance voted to shut down project and return funds
+- **2026-03** — Liquidation executed: 5.047M USDC returned to unlocked RNGR holders (~$0.78 book value), IP returned to team
+
+- **2026-03** — [[metadao-ranger-liquidation-2026-03]] Passed: Liquidation executed, 5.047M USDC returned to holders at ~$0.78 book value
+## Significance
+
+Ranger represents the first documented case of futarchy-governed liquidation executing as designed. The MetaDAO community voted to shut down the project and return remaining treasury funds to token holders, demonstrating the "unruggable ICO" mechanism in practice. The liquidation returned approximately $0.78 per dollar of book value to unlocked token holders.
+
+## Sources
+
+- @BetQuant: "Ranger — the 'first perp aggregator on Solana' that raised $8M+ on MetaDAO? Now MetaDAO is considering shutting the project down and returning f[unds]"
+- @defiprime: "Result: liquidity pulled, 5.047M USDC returned to unlocked RNGR holders (~$0.78 book value), IP returned to the team. On-chain governance delivering capital return."