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1aca48bf3e rio: extract from 2025-11-14-futardio-launch-solomon.md
- Source: inbox/archive/2025-11-14-futardio-launch-solomon.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 2)

Pentagon-Agent: Rio <HEADLESS>
2026-03-12 10:00:31 +00:00
3 changed files with 25 additions and 26 deletions

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@ -10,15 +10,15 @@ proposal_url: "https://www.futard.io/launch/634r63NH2qbTrSVyLieC3Ab3YKaEfoGnCLM8
proposal_date: 2025-11-14
resolution_date: 2025-11-18
category: "fundraise"
summary: "Solomon raised $8M through futarchy-governed ICO on Futardio with 51.5x oversubscription"
summary: "Solomon raised $8M through futarchy-governed ICO with 51.5x oversubscription"
key_metrics:
raise_target: "$2,000,000"
final_raise: "$8,000,000"
total_committed: "$102,932,673.08"
final_raise: "$8,000,000"
oversubscription_ratio: 51.5
token_allocation:
metadao_liquidity: "20% of gross"
solomon_treasury: "80% of net"
liquidity_seed: "20%"
treasury: "80%"
tracked_by: rio
created: 2026-03-11
---
@ -27,41 +27,40 @@ created: 2026-03-11
## Summary
Solomon launched its futarchy-governed fundraise on Futardio on November 14, 2025, targeting $2M minimum with an ideal range of $5-8M. The raise closed four days later at $8M final allocation despite $102.9M in total commitments, representing 51.5x oversubscription. The structure allocated 20% of gross to MetaDAO for SOLO token liquidity seeding and 80% of net proceeds to Solomon DAO treasury.
Solomon launched a futarchy-governed fundraise on Futardio targeting $2M minimum with an ideal range of $5-8M. The raise attracted $102.9M in commitments (51.5x oversubscription) and closed at $8M final raise after 4 days. The structure allocated 20% of gross to MetaDAO for seeding SOLO token liquidity and 80% to Solomon DAO treasury.
## Market Data
- **Outcome:** Passed (closed at maximum target)
- **Outcome:** Passed (closed at target)
- **Launch date:** 2025-11-14
- **Close date:** 2025-11-18
- **Raise target:** $2M minimum, $5-8M ideal
- **Final raise:** $8M
- **Total committed:** $102.9M
- **Final raise:** $8M
- **Oversubscription:** 51.5x
## Product Context
Solomon builds USDv, a non-rebasing yield-bearing stablecoin on Solana. The product maintains $1 peg through two-way market making while generating yield via basis trading (long spot, short perp) and T-bills. Users can stake USDv for sUSDv to earn yield, or access permissioned Yield-as-a-Service that delivers yield directly to USDv holdings.
Solomon builds USDv, a composable stablecoin that maintains $1 peg without rebasing while earning yield. The system offers two paths: permissionless staking (USDv → sUSDv for yield accrual) and permissioned Yield-as-a-Service for protocols requiring par-value dollars. Backend yield generation uses automated basis trading (long spot, short perp) and T-bills, with Ceffu custody and insurance coverage.
The project ran closed beta for one year with seven-figure TVL before this public raise, handling market stress events including the October 10th Binance price dislocation without incidents.
The project ran closed beta for one year with seven figures TVL and handled multiple market shocks including the October 10th Binance dislocation without incidents.
## Capital Deployment Plan
## Use of Capital
The $8M raise targets four uses:
1. Deploy treasury capital immediately (targeting ~16% APR)
The $8M raise targets four deployment areas:
1. Put treasury to work immediately (targeting ~16% APR)
2. Fund liquidity mining to accelerate TVL growth
3. Seed deeper USDv/USDC liquidity pools
4. Reduce custody and exchange venue fees through volume commitments
3. Seed deeper USDv/USDC liquidity
4. Reduce fees and improve terms with custody providers and exchanges
## Significance
This represents one of the larger futarchy-governed fundraises on the Futardio platform, demonstrating market appetite for yield-bearing stablecoin infrastructure. The 51.5x oversubscription with disciplined final allocation (capping at stated ideal range rather than maximizing raise) shows the platform's ability to handle extreme demand while maintaining governance integrity.
The raise structure—splitting proceeds between MetaDAO liquidity provision and project treasury—implements the standard Futardio model where the platform captures value through token liquidity rather than direct fees.
This represents one of the largest futarchy-governed fundraises on the Futardio platform, demonstrating market appetite for yield-bearing stablecoin infrastructure. The 51.5x oversubscription with disciplined cap at $8M (rather than taking full $102.9M committed) shows governance restraint prioritizing sustainable deployment over maximum capital extraction.
## Relationship to KB
- [[solomon]] — parent entity, company building USDv stablecoin
- [[futardio]] — platform enabling futarchy-governed fundraise
- [[metadao]] — receives 20% of gross for SOLO liquidity seeding
- [[solomon]] — parent entity
- [[futardio]] — launch platform
- [[metadao]] — receives 20% 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
- [[internet-capital-markets-compress-fundraising-timelines]] — 4-day raise demonstrates compression

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@ -41,7 +41,8 @@ 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, closed 2025-11-18 at $8M final raise with $102.9M total committed (51.5x oversubscription)
- **2025-11-14** — Launched futarchy-governed fundraise on Futardio with $2M target, reached $102.9M in commitments (51.5x oversubscription)
- **2025-11-18** — Closed fundraise at $8M final raise (capped from $102.9M committed), with 20% allocated to seed token liquidity and 80% to treasury
## 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.

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@ -12,7 +12,7 @@ event_type: launch
processed_by: rio
processed_date: 2026-03-11
extraction_model: "anthropic/claude-sonnet-4.5"
extraction_notes: "Source is a Futardio launch page for Solomon fundraise. Primary extraction is decision_market entity for the fundraise event plus timeline update to parent Solomon entity. No novel claims—this is factual fundraise data (amounts, dates, structure). Key product details preserved as facts in source archive. The oversubscription ratio and disciplined cap at stated target are notable but not claim-worthy without comparative context across multiple raises."
extraction_notes: "Factual fundraise data for Solomon's Futardio launch. No novel claims about futarchy mechanisms or stablecoin architecture beyond what's already captured in KB. Primary value is entity timeline data showing significant oversubscription (51.5x) and disciplined capital deployment cap."
---
## Launch Details
@ -76,10 +76,9 @@ Solomon is the first stablecoin system that can sit everywhere money sits. Walle
## Key Facts
- Solomon USDv is non-rebasing yield-bearing stablecoin on Solana
- Solomon ran closed beta for one year with seven-figure TVL before public raise
- Solomon USDv is Solana-native composable stablecoin maintaining $1 peg without rebasing
- Solomon ran closed beta for one year with seven figures TVL before public launch
- Solomon custody segregated with Ceffu with insurance coverage
- Solomon Solana programs audited with admin operations via Squads multisig
- Solomon token: SoLo9oxzLDpcq1dpqAgMwgce5WqkRDtNXK7EPnbmeta
- Solomon basis trading strategy targets ~16% APR
- Over $150B stable capital sits idle across chains per Solomon analysis
- Over $150B stable capital idle across chains due to yield design incompatibility