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

@@ -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
-- **2026-03-05** — [[torch-market]] launched fundraise targeting $75,000, entered refunding status next day
+- **2026-03-05** — [[torch-market-futardio-fundraise]] failed: Torch Market $75K raise entered refunding status within one day
 ## 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/torch-market-futardio-fundraise.md

@@ -0,0 +1,43 @@
+---
+type: entity
+entity_type: decision_market
+name: "Torch Market: Futardio Fundraise"
+domain: internet-finance
+status: failed
+parent_entity: "[[torch-market]]"
+platform: "futardio"
+proposer: "mrsirg97-rgb"
+proposal_url: "https://www.futard.io/launch/5ocdHgwhMwVDzUbE7ctjdkBmP4fauPsVfb2mfUsSmhRD"
+proposal_date: 2026-03-05
+resolution_date: 2026-03-06
+category: "fundraise"
+summary: "$75K raise for 6-month runway covering infrastructure, marketing team, and mainnet token bonding"
+tracked_by: rio
+created: 2026-03-11
+key_metrics:
+  funding_target: "$75,000"
+  funding_committed: "N/A"
+  outcome: "refunding"
+  duration: "1 day"
+---
+
+# Torch Market: Futardio Fundraise
+
+## Summary
+Torch Market attempted to raise $75K through Futardio for a 6-month operational runway. The budget breakdown included Helius RPC infrastructure (~$500-1500/month), founder compensation ($3K/month), marketing ($2K/month), marketing team of 2 ($6K/month), plus a flat $5K for mainnet token bonding (50 SOL). The raise entered refunding status within one day of launch.
+
+## Market Data
+- **Outcome:** Failed (Refunding)
+- **Proposer:** mrsirg97-rgb
+- **Target:** $75,000
+- **Duration:** 1 day (2026-03-05 to 2026-03-06)
+
+## Significance
+This represents an early-stage DeFi protocol attempting to use futarchy-governed fundraising for operational capital. The rapid failure (refunding within 24 hours) suggests either insufficient market validation, pricing issues, or lack of community confidence in the project despite formal verification and existing traction (4K Clawhub downloads).
+
+The budget structure reveals typical early-stage DeFi economics: infrastructure costs are relatively low (~$500-1500/month) while human capital (founder + marketing team) dominates the burn rate at ~$11K/month of the ~$12K monthly budget.
+
+## Relationship to KB
+- [[torch-market]] — parent entity
+- [[futardio]] — launch platform
+- [[MetaDAO]] — futarchy infrastructure provider

entities/internet-finance/torch-market.md

@@ -4,34 +4,38 @@ entity_type: company
 name: "Torch Market"
 domain: internet-finance
 status: failed
-founded: 2026
-platform: solana
+website: "https://torch.market"
+twitter: "https://x.com/torch_market"
 tracked_by: rio
 created: 2026-03-11
 key_metrics:
   funding_target: "$75,000"
   funding_outcome: "refunding"
-  launch_platform: "futardio"
+  launch_platform: "Futardio"
   launch_date: "2026-03-05"
   close_date: "2026-03-06"
 ---
 
 # Torch Market
 
-Torch Market is a Solana-based DeFi protocol combining swap, lending, liquidation, and yield features in a single formally verified protocol designed for both human and agent users. The project attempted to raise $75,000 through Futardio's futarchy-governed launch platform but entered refunding status within one day.
+Torch Market is a DeFi protocol on Solana combining swap, lending, liquidation, and yield functionality in a single formally verified protocol. The project positioned itself as a non-extractive launchpad using SPL token2022 primitives with permissionless DEX migration funded by token treasuries. The protocol achieved 48/48 Kani proof harnesses for formal verification and nearly 4K downloads on the Clawhub agent skill.
+
+The project attempted to raise $75K through Futardio on 2026-03-05 for a 6-month runway covering infrastructure, founder compensation, marketing team, and 50 SOL for mainnet token bonding. The raise entered refunding status within one day, closing 2026-03-06.
 
 ## Timeline
-- **2026-03-05** — Launched fundraise on [[futardio]] targeting $75,000 for 6-month runway including marketing team expansion
-- **2026-03-06** — Fundraise closed with refunding status
-
-## Product
-- Frontend live on devnet/mainnet at torch.market
-- 48/48 Kani proof harnesses for formal verification
-- TorchSDK available on npm with ~4K downloads on Clawhub agent skill
-- Completed security audit
-- Open source repositories
+- **2026-03-05** — Launched $75K fundraise on Futardio for 6-month runway (infra, marketing, team)
+- **2026-03-06** — Fundraise closed in refunding status after one day
 
 ## Relationship to KB
 - [[futardio]] — launch platform
 - [[MetaDAO]] — futarchy governance infrastructure
-- Example of futarchy-governed fundraise failure despite technical completion
+
+## Links
+- Website: https://torch.market
+- Twitter: https://x.com/torch_market
+- Whitepaper: https://torch.market/whitepaper
+- Formal Verification: https://torch.market/verification.md
+- Audit: https://torch.market/audit.md
+- GitHub: https://github.com/mrsirg97-rgb
+- NPM: https://www.npmjs.com/package/torchsdk
+- Clawhub: https://clawhub.ai/mrsirg97-rgb/torchmarket

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: "Single failed fundraise launch. No novel claims about futarchy mechanisms or market dynamics. Entity extraction only - the project had technical completion (formal verification, audit, live product) but failed to attract capital through futarchy launch. Significance threshold met due to being a data point on futarchy-governed fundraise outcomes, but no arguable propositions beyond what existing claims already cover about futarchy adoption friction and launch dynamics."
+extraction_notes: "Factual launch data for failed Futardio raise. No novel claims — this is a single failed fundraise with no mechanism insights. Created entity pages for Torch Market (company) and the fundraise (decision_market), plus timeline entry on Futardio. The rapid failure (1 day to refunding) is notable but not generalizable without additional context about why it failed."
 ---
 
 ## Launch Details
@@ -75,7 +75,7 @@ total: 69k-70k + flat 5k = 70k-75k total
 
 
 ## Key Facts
-- Torch Market raised on Futardio 2026-03-05 targeting $75,000
-- Torch Market has 48/48 Kani formal verification proof harnesses
-- TorchSDK has ~4K downloads on Clawhub
-- Fundraise entered refunding status 2026-03-06
+- Torch Market achieved 48/48 Kani proof harnesses for formal verification
+- Torch Market Clawhub skill had ~4K downloads
+- Torch Market $75K Futardio raise entered refunding status 2026-03-06 after launching 2026-03-05
+- Torch Market budget: $500-1500/month infrastructure, $3K founder, $2K marketing, $6K marketing team, $5K flat for 50 SOL mainnet bonding