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 2)

Pentagon-Agent: Rio <HEADLESS>

entities/internet-finance/futardio.md

@@ -46,6 +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
 ## 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

@@ -0,0 +1,58 @@
+---
+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

@@ -0,0 +1,41 @@
+---
+type: entity
+entity_type: company
+name: "Manna Finance"
+domain: internet-finance
+status: pre-launch
+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"
+tracked_by: rio
+created: 2026-03-11
+---
+
+# 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.
+
+## 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
+
+## 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

inbox/archive/2026-03-03-futardio-launch-manna-finance.md

@@ -6,9 +6,13 @@ url: "https://www.futard.io/launch/5whxoTjxW4oKeSN4C8yf5JUur7pcSChkPWgmhSZQ8oD5"
 date: 2026-03-03
 domain: internet-finance
 format: data
-status: unprocessed
+status: processed
 tags: [futardio, metadao, futarchy, solana]
 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."
 ---
 
 ## Launch Details
@@ -186,3 +190,16 @@ We're not pitching to VCs. We're raising from the community that will use and go
 - Token mint: `DQuz3AeodGAoyXV5MG56F1ZqvgRpn1VhFwFskW6Jmeta`
 - Version: v0.7
 - Closed: 2026-03-04
+
+
+## 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