rio: extract from 2026-03-05-futardio-launch-torch-market.md

- Source: inbox/archive/2026-03-05-futardio-launch-torch-market.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 6)

Pentagon-Agent: Rio <HEADLESS>

entities/internet-finance/futardio.md

@@ -1,10 +1,156 @@
 ---
 type: entity
-...
+entity_type: product
+name: "Futardio"
+domain: internet-finance
+handles: ["@futarddotio"]
+website: https://futardio.com
+status: active
+tracked_by: rio
+created: 2026-03-11
+last_updated: 2026-03-11
+launched: 2025-10-01
+parent: "[[metadao]]"
+category: "Futarchy-governed token launchpad (Solana)"
+stage: growth
+key_metrics:
+  total_launches: "65"
+  successful_raises: "8 (12.3%)"
+  total_committed_successful: "$481.2M"
+  total_raised_targets: "$12.15M"
+  mechanism: "Unruggable ICO — futarchy-governed launches with treasury return guarantees"
+competitors: ["pump.fun (memecoins)", "Doppler (liquidity bootstrapping)"]
+built_on: ["Solana", "MetaDAO Autocrat"]
+tags: ["launchpad", "ownership-coins", "futarchy", "unruggable-ico", "permissionless-launches"]
+---
+
+# Futardio
+
+## Overview
+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**: 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.
+- **Low relaunch cost**: ~$90 to launch, enabling rapid iteration (MycoRealms launched, failed, relaunched)
 
 ## Timeline
+- **2025-10** — Futardio launches. Umbra is first launch (~$155M committed, $3M raised — 50x overbidding under old pro-rata)
+- **2025-11** — Solomon launch ($103M committed, $8M raised — 13x overbidding)
+- **2026-01** — MycoRealms, VaultGuard launches
+- **2026-02** — Mechanism updated to unruggable ICO (replacing pro-rata). HuruPay, Epic Finance, ForeverNow launches
+- **2026-02/03** — Launch explosion: Rock Game, Turtle Cove, VervePay, Open Music, SeekerVault, SuperClaw, LaunchPet, Seyf, Areal, Etnlio, and dozens more
+- **2026-03** — Ranger Finance liquidation proposal — first futarchy-governed enforcement action
 
-- March 2026: Futardio attempted a fundraise.
-
+- **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
-Futardio is positioned in the market as...
+- **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."
+- **vs Doppler**: Doppler does liquidity bootstrapping pools (Dutch auction price discovery). Different mechanism, no governance layer.
+- **Structural advantage**: The futarchy enforcement mechanism is novel — no competitor offers investor protection through market-governed liquidation
+- **Structural weakness**: Permissionless launches mean quality varies wildly. Platform reputation tied to worst-case projects despite brand separation efforts.
+
+## Investment Thesis
+Futardio is the test of whether futarchy can govern capital formation at scale. If unruggable ICOs produce better investor outcomes than unregulated token launches (pump.fun) while maintaining permissionless access, Futardio creates a new category: accountable permissionless fundraising. The Ranger liquidation is the first live test of the enforcement mechanism.
+
+**Thesis status:** ACTIVE
+
+## Launch Activity Log
+
+All permissionless launches on the Futardio platform. Successfully raised projects graduate to their own entity files. Data sourced from futard.io platform.
+
+| Date | Project | Target | Committed | Status | Entity |
+|------|---------|--------|-----------|--------|--------|
+| 2025-10-06 | Umbra | $750K | $154.9M | Complete | [[umbra]] |
+| 2025-10-14 | Avici | $2M | $34.2M | Complete | [[avici]] |
+| 2025-10-18 | Loyal | $500K | $75.9M | Complete | [[loyal]] |
+| 2025-10-20 | ZKLSOL | $300K | $14.9M | Complete | [[zklsol]] |
+| 2025-10-23 | Paystream | $550K | $6.1M | Complete | [[paystream]] |
+| 2025-11-14 | Solomon | $2M | $102.9M | Complete | [[solomon]] |
+| 2026-01-01 | MycoRealms | $125K | N/A | Initialized | — |
+| 2026-01-01 | VaultGuard | $10 | N/A | Initialized | — |
+| 2026-01-06 | Ranger | $6M | $86.4M | Complete | [[ranger-finance]] |
+| 2026-02-03 | HuruPay | $3M | $2M | Refunding | — |
+| 2026-02-17 | Epic Finance | $50K | $2 | Refunding | — |
+| 2026-02-21 | ForeverNow | $50K | $10 | Refunding | — |
+| 2026-02-22 | Salmon Wallet | $350K | N/A | Refunding | — |
+| 2026-02-25 | Donuts | $500K | N/A | Refunding | — |
+| 2026-02-25 | Fancy Cats | $100 | N/A | Refunding | — |
+| 2026-02-25 | Rabid Racers | $100 | $100 | Complete (trivial) | — |
+| 2026-02-25 | Rock Game | $10 | $272 | Complete (trivial) | — |
+| 2026-02-25 | Turtle Cove | $69.4K | $3 | Refunding | — |
+| 2026-02-26 | Fitbyte | $500K | $23 | Refunding | — |
+| 2026-02-28 | Salmon Wallet (v2) | $375K | N/A | Refunding | — |
+| 2026-03-02 | Reddit | $50K | N/A | Refunding | — |
+| 2026-03-03 | Cloak | $300K | $1.5K | Refunding | — |
+| 2026-03-03 | DigiFrens | $200K | $6.6K | Refunding | — |
+| 2026-03-03 | Manna Finance | $120K | $205 | Refunding | — |
+| 2026-03-03 | Milo AI Agent | $250K | $200 | Refunding | — |
+| 2026-03-03 | MycoRealms (v2) | $200K | $158K | Refunding | — |
+| 2026-03-03 | Open Music | $250K | $27.5K | Refunding | — |
+| 2026-03-03 | Salmon Wallet (v3) | $375K | $97.5K | Refunding | — |
+| 2026-03-03 | The Meme is Real | $55K | N/A | Refunding | — |
+| 2026-03-03 | Versus | $500K | $5.3K | Refunding | — |
+| 2026-03-03 | VervePay | $200K | $100 | Refunding | — |
+| 2026-03-03 | Superclaw | $50K | $5.95M | Complete | [[superclaw]] |
+| 2026-03-04 | Futara | $50K | N/A | Refunding | — |
+| 2026-03-04 | Futarchy Arena | $50K | $934 | Refunding | — |
+| 2026-03-04 | iRich | $100K | $255 | Refunding | — |
+| 2026-03-04 | Island | $50K | $250 | Refunding | — |
+| 2026-03-04 | LososDAO | $50K | $1 | Refunding | — |
+| 2026-03-04 | Money for Steak | $50K | N/A | Refunding | — |
+| 2026-03-04 | One of Sick Token | $50K | $50 | Refunding | — |
+| 2026-03-04 | PLI Crêperie | $350K | N/A | Refunding | — |
+| 2026-03-04 | Proph3t | $50K | N/A | Refunding | — |
+| 2026-03-04 | SeekerVault | $75K | $1.2K | Refunding | — |
+| 2026-03-04 | Send Arcade | $288K | $114.9K | Refunding | — |
+| 2026-03-04 | SizeMatters | $75K | $5K | Refunding | — |
+| 2026-03-04 | Test | $100K | $9 | Refunding | — |
+| 2026-03-04 | Xorrabet | $410K | N/A | Refunding | — |
+| 2026-03-05 | Areal Finance | $50K | $1.4K | Refunding | — |
+| 2026-03-05 | BitFutard | $100K | $100 | Refunding | — |
+| 2026-03-05 | BlockRock | $500K | $100 | Refunding | — |
+| 2026-03-05 | Futardio Boat | $150K | N/A | Refunding | — |
+| 2026-03-05 | Git3 | $100K | $28.3K | Refunding | — |
+| 2026-03-05 | Insert Coin Labs | $50K | $2.5K | Refunding | — |
+| 2026-03-05 | LaunchPet | $60K | $2.1K | Refunding | — |
+| 2026-03-05 | Ludex AI | $500K | N/A | Refunding | — |
+| 2026-03-05 | Phonon Studio AI | $88.9K | N/A | Refunding | — |
+| 2026-03-05 | RunbookAI | $350K | $3.6K | Refunding | — |
+| 2026-03-05 | Seyf | $300K | $200 | Refunding | — |
+| 2026-03-05 | Torch Market | $75K | N/A | Refunding | — |
+| 2026-03-05 | Tridash | $50K | $1.7K | Refunding | — |
+| 2026-03-05 | You Get Nothing | $69.1K | N/A | Refunding | — |
+| 2026-03-06 | LobsterFutarchy | $500K | $1.2K | Refunding | — |
+| 2026-03-07 | Areal (v2) | $50K | $11.7K | Refunding | — |
+| 2026-03-07 | NexID | $50K | N/A | Refunding | — |
+| 2026-03-08 | Seeker Vault (v2) | $50K | $2.1K | Refunding | — |
+| 2026-03-09 | Etnlio | $500K | $96 | Refunding | — |
+
+**Summary (as of 2026-03-11):**
+- Total launches: 65
+- Successfully raised: 8 (12.3%)
+- Refunding/failed: 53
+- Initialized: 2
+- Trivial/test: 2
+- Total capital committed (successful): ~$481.2M
+- Total capital raised (targets met): ~$12.15M
+
+## Relationship to KB
+- [[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]] — parent claim
+- [[futarchy-governed liquidation is the enforcement mechanism that makes unruggable ICOs credible because investors can force full treasury return when teams materially misrepresent]] — enforcement mechanism
+- [[futarchy-governed permissionless launches require brand separation to manage reputational liability because failed projects on a curated platform damage the platforms credibility]] — active design challenge
+
+---
+
+Relevant Entities:
+- [[metadao]] — parent protocol
+- [[solomon]] — notable launch
+- [[omnipair]] — ecosystem infrastructure
+
+Topics:
+- [[internet finance and decision markets]]

entities/internet-finance/torch-market-futardio-fundraise.md

@@ -1,4 +0,0 @@
----
-type: entity
-founded: 2026 <!-- claim pending -->
-...

entities/internet-finance/torch-market.md

@@ -1,8 +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"
+---
 
-## Links
-- [Torch Market Whitepaper](https://torch.market/whitepaper) <!-- claim pending -->
-- [Verification Page](https://torch.market/verification.md) <!-- claim pending -->
-- [Audit Page](https://torch.market/audit.md) <!-- claim pending -->
+# 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

inbox/archive/2026-03-05-futardio-launch-torch-market.md

@@ -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 futarchy-governed fundraise launch that failed. Created entity pages for Torch Market (company) and the fundraise decision market. No novel claims about futarchy mechanisms or market dynamics — this is purely factual data about a specific launch event. The rapid failure (1 day) is notable but insufficient evidence alone to make claims about futarchy fundraise dynamics without additional context about market conditions or comparable cases."
+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
@@ -75,10 +75,7 @@ total: 69k-70k + flat 5k = 70k-75k total
 
 
 ## Key Facts
-- Torch Market has 48/48 kani proof harnesses for formal verification
+- 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 is live on Solana devnet/mainnet
-- Torch Market founder has 1K+ followers on X
-- Torch Market fundraise targeted $75K for 6-month runway
-- Monthly burn rate: $11.5K-12.5K ($540-1540 infra, $3K founder, $2K marketing, $6K marketing team)
-- Fundraise closed 2026-03-06 in refunding status
+- 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