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

@@ -46,7 +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, failed with only $205 committed (0.17% of target)
+- **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

@@ -11,12 +11,15 @@ proposal_url: "https://www.futard.io/launch/5whxoTjxW4oKeSN4C8yf5JUur7pcSChkPWgm
 proposal_date: 2026-03-03
 resolution_date: 2026-03-04
 category: "fundraise"
-summary: "Zero-interest CDP protocol on Solana seeking $120K for mainnet launch and audit"
+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
-  duration_days: 1
+  runway_months: 12
+  monthly_burn: "$10,000"
+  token: "DQu"
+  token_mint: "DQuz3AeodGAoyXV5MG56F1ZqvgRpn1VhFwFskW6Jmeta"
 tracked_by: rio
 created: 2026-03-11
 ---
@@ -24,21 +27,32 @@ created: 2026-03-11
 # Manna Finance: Futardio Fundraise
 
 ## Summary
-Manna Finance attempted to raise $120,000 through Futardio to build a Liquity-style zero-interest CDP protocol on Solana. The fundraise sought to fund smart contract audits, mainnet deployment, and 12 months of team runway at $10K/month. The raise failed dramatically, attracting only $205 in commitments (0.17% of target) before closing and entering refund status after one day.
+
+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
-- **Oversubscription:** 0.17%
 - **Duration:** 1 day (2026-03-03 to 2026-03-04)
+- **Platform:** Futardio v0.7
+- **Token:** DQu (DQuz3AeodGAoyXV5MG56F1ZqvgRpn1VhFwFskW6Jmeta)
 
 ## Significance
-This represents one of the most dramatic fundraise failures on Futardio's platform, with the project achieving less than 1% of its target. The failure occurred despite a detailed technical proposal, competitive positioning analysis, and planned MetaDAO governance integration. The case illustrates that futarchy-governed fundraising platforms do not guarantee capital formation success — market participants still evaluate team credibility, technical feasibility, and market timing.
 
-The project's positioning as "SOL-only collateral" and "zero interest" differentiation was insufficient to attract capital in a market where multiple established stablecoin protocols (Jupiter's jupUSD, Solomon's USDv, Solstice's USX) already existed with significant traction.
+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 mechanism
-- [[internet-capital-markets-compress-fundraising-timelines]] — counterexample showing speed does not guarantee success
+- [[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

@@ -3,30 +3,39 @@ type: entity
 entity_type: company
 name: "Manna Finance"
 domain: internet-finance
-status: failed
+status: pre-launch
 founded: 2026
-headquarters: "Unknown"
+headquarters: "Cayman Islands (planned)"
+website: "https://manna.finance/"
+twitter: "https://x.com/MannaFinance"
 key_people:
   - role: "Founder"
     name: "Unknown"
-website: "https://manna.finance/"
-social:
-  twitter: "https://x.com/MannaFinance"
+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 was a proposed zero-interest CDP (Collateralized Debt Position) protocol on Solana modeled after Liquity V1. The protocol would have allowed users to deposit SOL as collateral and mint solUSD stablecoin with only a one-time borrowing fee and no ongoing interest. The project attempted to raise $120,000 through Futardio but failed to meet its funding target, raising only $205 before entering refund status.
-
-The protocol was designed with hard peg mechanisms (redemptions and liquidations via Stability Pool) and planned to implement MetaDAO futarchy governance from launch. The project never reached mainnet deployment.
+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
-- **2026-03-04** — Fundraise closed with only $205 committed (0.17% of target), entered refunding status
+
+- **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
-- [[futardio]] — fundraising platform used
-- [[MetaDAO]] — planned governance mechanism
-- Example of failed futarchy-governed fundraise in early-stage crypto capital formation
+
+- [[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

@@ -12,7 +12,7 @@ event_type: launch
 processed_by: rio
 processed_date: 2026-03-11
 extraction_model: "anthropic/claude-sonnet-4.5"
-extraction_notes: "Failed fundraise on Futardio. Project never reached mainnet. No novel claims extracted — this is purely entity/factual data about a failed capital formation attempt. The source contains extensive competitive analysis and technical details, but these represent the team's pitch deck content rather than verifiable market insights. Significance: demonstrates that futarchy platforms enable rapid failure discovery (1 day to refund vs months of traditional fundraising), but do not guarantee success."
+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
@@ -193,12 +193,13 @@ We're not pitching to VCs. We're raising from the community that will use and go
 
 
 ## Key Facts
-- Manna Finance fundraise target: $120,000 (2026-03-03)
-- Manna Finance total committed: $205 (2026-03-04)
-- Manna Finance oversubscription ratio: 0.17% (2026-03-04)
-- Manna Finance planned monthly burn: $10,000/month for 12-month runway
-- Manna Finance collateral: SOL-only
-- Manna Finance stablecoin: solUSD with zero ongoing interest
-- Manna Finance mechanism: Liquity V1-style CDP with redemptions and liquidations
-- Manna Finance governance: Planned MetaDAO futarchy from launch
-- Manna Finance competitive positioning: vs USX (Solstice), USDv (Solomon), jupUSD (Jupiter), USDGO (OSL)
+- 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