rio: extract from 2026-03-03-futardio-launch-manna-finance.md

- Source: inbox/archive/2026-03-03-futardio-launch-manna-finance.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 3)

Pentagon-Agent: Rio <HEADLESS>

entities/internet-finance/futardio.md

@@ -46,7 +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
-- **2026-03-03** — [[manna-finance-futardio-fundraise]] launched seeking $120K for zero-interest CDP protocol; failed with only $205 committed (0.17% of target), entering refunding status after one day
+- **2026-03-03** — [[manna-finance]] fundraise launched targeting $120,000, closed next day in refunding status with only $205 committed
 ## 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."

entities/internet-finance/manna-finance-futardio-fundraise.md

@@ -1,58 +0,0 @@
----
-type: entity
-entity_type: decision_market
-name: "Manna Finance: Futardio Fundraise"
-domain: internet-finance
-status: failed
-parent_entity: "[[manna-finance]]"
-platform: "futardio"
-proposer: "Manna Finance team"
-proposal_url: "https://www.futard.io/launch/5whxoTjxW4oKeSN4C8yf5JUur7pcSChkPWgmhSZQ8oD5"
-proposal_date: 2026-03-03
-resolution_date: 2026-03-04
-category: "fundraise"
-summary: "Manna Finance attempted to raise $120K on Futardio for zero-interest CDP protocol development but failed to reach minimum threshold"
-key_metrics:
-  raise_target: "$120,000"
-  total_committed: "$205"
-  oversubscription_ratio: 0.0017
-  runway_months: 12
-  monthly_burn: "$10,000"
-  token: "DQu"
-  token_mint: "DQuz3AeodGAoyXV5MG56F1ZqvgRpn1VhFwFskW6Jmeta"
-tracked_by: rio
-created: 2026-03-11
----
-
-# Manna Finance: Futardio Fundraise
-
-## Summary
-
-Manna Finance launched a fundraise on Futardio seeking $120,000 to build a zero-interest CDP protocol on Solana. The raise failed dramatically, attracting only $205 in commitments (0.17% of target) before closing in refunding status after one day. The project proposed a 12-month runway with $10K monthly burn to cover smart contract audits, mainnet deployment, and team compensation.
-
-## Market Data
-
-- **Outcome:** Failed (refunding)
-- **Raise Target:** $120,000
-- **Total Committed:** $205
-- **Duration:** 1 day (2026-03-03 to 2026-03-04)
-- **Platform:** Futardio v0.7
-- **Token:** DQu (DQuz3AeodGAoyXV5MG56F1ZqvgRpn1VhFwFskW6Jmeta)
-
-## Significance
-
-This represents one of the most severe fundraise failures on Futardio, with less than 0.2% of target capital committed. The failure suggests either:
-1. Market skepticism of zero-interest CDP viability on Solana given existing stablecoin competition
-2. Insufficient community trust in anonymous team
-3. Poor market timing or distribution
-4. Futardio platform liquidity/discovery issues
-
-The project's detailed competitive analysis and technical roadmap did not translate into capital commitment, raising questions about what signals early-stage crypto fundraising markets actually respond to.
-
-## Relationship to KB
-
-- [[manna-finance]] — parent entity
-- [[futardio]] — fundraising platform
-- [[MetaDAO]] — planned governance infrastructure
-- Demonstrates futarchy-governed fundraise failure mode
-- Contrasts with successful raises like [[futardio-cult-raised-11-4-million-in-one-day-through-futarchy-governed-meme-coin-launch]]

entities/internet-finance/manna-finance.md

@@ -3,39 +3,30 @@ type: entity
 entity_type: company
 name: "Manna Finance"
 domain: internet-finance
-status: pre-launch
+status: failed
 founded: 2026
-headquarters: "Cayman Islands (planned)"
 website: "https://manna.finance/"
 twitter: "https://x.com/MannaFinance"
-key_people:
-  - role: "Founder"
-    name: "Unknown"
-key_metrics:
-  protocol_type: "CDP (Collateralized Debt Position)"
-  collateral: "SOL"
-  stablecoin: "solUSD"
-  interest_rate: "0% (one-time fee only)"
-  min_collateral_ratio: "125%"
-  governance: "MetaDAO futarchy"
-  planned_launch: "2026-06"
+platform: "Solana"
 tracked_by: rio
 created: 2026-03-11
+key_metrics:
+  raise_target: "$120,000"
+  total_committed: "$205"
+  raise_outcome: "refunding"
+  launch_date: "2026-03-03"
+  close_date: "2026-03-04"
 ---
 
 # Manna Finance
 
-Manna Finance is a zero-interest CDP protocol on Solana modeled after Liquity V1. Users deposit SOL as collateral to mint solUSD stablecoin, paying only a one-time borrowing fee with no ongoing interest. The protocol maintains its peg through redemption mechanisms (solUSD exchangeable for $1 of SOL) and liquidations via a Stability Pool. Governance will be implemented through MetaDAO's futarchy system from launch.
+Manna Finance is a zero-interest CDP (Collateralized Debt Position) protocol on Solana modeled after Liquity V1. Users deposit SOL as collateral to mint solUSD stablecoin with a one-time borrowing fee and no ongoing interest. The protocol maintains its peg through redemption mechanisms and liquidations via a Stability Pool. Governance was planned via MetaDAO futarchy.
 
 ## Timeline
-
-- **2026-03-03** — [[manna-finance-futardio-fundraise]] launched on Futardio seeking $120K for 12-month runway; failed to reach target and entered refunding status
-- **2026-03-04** — Futardio fundraise closed in refunding status with only $205 committed against $120K target
+- **2026-03-03** — Launched fundraise on Futardio targeting $120,000 for 12-month runway to cover audit, mainnet deployment, and team operations
+- **2026-03-04** — Fundraise closed in refunding status after raising only $205 of $120,000 target (0.17% of goal)
 
 ## Relationship to KB
-
-- [[MetaDAO]] — planned governance infrastructure
-- [[futardio]] — attempted fundraising platform
-- Implements zero-interest CDP model similar to Liquity V1 but on Solana
-- Competes with [[solomon]] (USDv), Jupiter (jupUSD), and other Solana stablecoins
-- Represents futarchy-governed DeFi protocol category
+- [[futardio]] — fundraising platform
+- [[metadao]] — planned governance mechanism
+- Attempted to implement [[futarchy-based fundraising creates regulatory separation because there are no beneficial owners and investment decisions emerge from market forces not centralized control]]

inbox/archive/2026-03-03-futardio-launch-manna-finance.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: "Futardio fundraise launch for Manna Finance CDP protocol. Extracted entity pages for the company and the failed fundraise decision market. No novel claims about mechanisms or market dynamics—this is primarily factual data about a specific fundraise attempt. The dramatic failure (0.17% of target) is notable as a data point but doesn't generate new theoretical claims beyond what existing futarchy adoption and variance claims already cover. Updated futardio.md timeline with the failed raise."
+extraction_notes: "Failed fundraise for Liquity-style CDP on Solana. No novel claims—standard CDP mechanics and futarchy governance already covered in KB. Entity created to track the failed launch. Source contains detailed competitive analysis and go-to-market strategy but represents a single failed attempt, not evidence of broader patterns. The 0.17% funding rate itself is a data point, not a claim about futarchy or CDP viability."
 ---
 
 ## Launch Details
@@ -193,13 +193,9 @@ We're not pitching to VCs. We're raising from the community that will use and go
 
 
 ## Key Facts
-- Manna Finance is a Liquity V1-style CDP protocol on Solana with zero ongoing interest
-- solUSD stablecoin maintained through redemptions (hard $1 floor) and liquidations via Stability Pool
-- Minimum collateral ratio: 125%
-- One-time borrowing fee: 0.5% base
-- Planned governance: MetaDAO futarchy from day one
-- Competitive landscape includes USX (Solstice), USDv (Solomon), jupUSD (Jupiter), USDGO (OSL)
-- Manna's differentiation: 0% interest, SOL-only collateral, permissionless minting, futarchy governance
-- Proposed use of funds: $15-25K audit, $7K/mo team, $1K/mo infrastructure, $1.5K/mo marketing
-- Roadmap: audit (Month 1-3), mainnet launch June 2026 (Month 4), growth (Month 5-6), DAO transition (Month 7-12)
-- Target market: SOL holders with >10 SOL seeking liquidity without taxable sale
+- Manna Finance raised $205 of $120,000 target (0.17%) on Futardio (2026-03-03 to 2026-03-04)
+- Manna planned 125% minimum collateralization ratio for SOL-backed solUSD
+- Manna's competitive positioning: zero ongoing interest (one-time 0.5% fee), SOL-only collateral, MetaDAO futarchy governance
+- Manna roadmap: audit in Month 2-3, mainnet June 2026, DAO transition Month 7-12
+- Monthly burn planned: $10,000 ($7,000 team, $1,000 infrastructure, $1,500 marketing, $500 security)
+- Solana stablecoin landscape includes USX (Solstice), USDv (Solomon), jupUSD (Jupiter), USDGO (OSL)