rio: extract from 2025-10-14-futardio-launch-avici.md

- Source: inbox/archive/2025-10-14-futardio-launch-avici.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 2)

Pentagon-Agent: Rio <HEADLESS>

entities/internet-finance/avici-futardio-launch.md

@@ -0,0 +1,53 @@
+---
+type: entity
+entity_type: decision_market
+name: "Avici: Futardio Launch"
+domain: internet-finance
+status: passed
+parent_entity: "[[avici]]"
+platform: "futardio"
+proposal_url: "https://www.futard.io/launch/2rYvdtK8ovuSziJuy5gTTPtviY5CfTnW6Pps4pk7ehEq"
+proposal_date: 2025-10-14
+resolution_date: 2025-10-18
+category: "fundraise"
+summary: "Avici raised $34.2M against $2M target through futarchy-governed launch for distributed internet banking infrastructure"
+key_metrics:
+  funding_target: "$2,000,000"
+  total_committed: "$34,230,976"
+  final_raise: "$3,500,000"
+  oversubscription_ratio: 17.1
+  token_symbol: "AVICI"
+  token_mint: "BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta"
+  platform_version: "v0.6"
+tracked_by: rio
+created: 2026-03-11
+---
+
+# Avici: Futardio Launch
+
+## Summary
+
+Avici launched a futarchy-governed fundraise on Futardio to build distributed internet banking infrastructure including spend cards, internet-native trust scores, and unsecured lending. The project targeted $2M but received $34.2M in commitments (17x oversubscribed), ultimately raising $3.5M and closing after 4 days.
+
+## Market Data
+
+- **Outcome:** Passed (fundraise completed)
+- **Launch Date:** 2025-10-14
+- **Close Date:** 2025-10-18
+- **Target:** $2,000,000
+- **Committed:** $34,230,976
+- **Final Raise:** $3,500,000
+- **Oversubscription:** 17.1x
+
+## Significance
+
+This launch demonstrates futarchy-governed fundraising attracting significant capital for infrastructure projects beyond meme coins. The 17x oversubscription indicates market demand for reputation-based undercollateralized lending infrastructure, a gap identified by Vitalik Buterin as missing from onchain finance.
+
+The project's thesis challenges the commodity theory of money, arguing money originated as credit (a social ledger) rather than barter, positioning onchain reputation systems as necessary infrastructure for fiat independence.
+
+## Relationship to KB
+
+- [[avici]] — parent entity
+- [[futardio]] — launch platform
+- [[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]] — platform mechanism
+- [[internet capital markets compress fundraising from months to days because permissionless raises eliminate gatekeepers while futarchy replaces due diligence bottlenecks with real-time market pricing]] — demonstrates compression thesis

entities/internet-finance/avici.md

@@ -33,7 +33,7 @@ Distributed internet banking infrastructure — onchain credit scoring, spend ca
 - **2025-10-14** — Futardio launch opens ($2M target)
 - **2025-10-18** — Launch closes. $3.5M raised.
 
-- **2025-10-14** — Launched fundraise on Futardio targeting $2M for distributed internet banking infrastructure, raised $34.2M (17x oversubscribed), completed 2025-10-18
+- **2025-10-14** — Launched futarchy-governed fundraise on Futardio targeting $2M for distributed internet banking infrastructure, achieving $34.2M in commitments (17x oversubscribed)
 ## Relationship to KB
 - [[futardio]] — launched on Futardio platform
 - [[cryptos primary use case is capital formation not payments or store of value because permissionless token issuance solves the fundraising bottleneck that solo founders and small teams face]] — test case for banking-focused crypto raising via permissionless ICO

inbox/archive/2025-10-14-futardio-launch-avici.md

@@ -6,13 +6,13 @@ url: "https://www.futard.io/launch/2rYvdtK8ovuSziJuy5gTTPtviY5CfTnW6Pps4pk7ehEq"
 date: 2025-10-14
 domain: internet-finance
 format: data
-status: enrichment
+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 launch announcement for Avici DAO. Entity already exists in KB with prior timeline entries. This is a factual fundraise outcome (17x oversubscription) with no novel claims about mechanisms, governance, or market dynamics. The pitch rhetoric about 'money as social ledger' and 'replacing banks' is company marketing, not extractable claims. Updated existing entity with fundraise completion data."
+extraction_notes: "Factual launch data for existing Avici entity. No novel claims — oversubscription and infrastructure focus already captured in existing KB claims about futarchy-governed fundraising and internet capital markets. Created decision_market entity for the specific launch event."
 ---
 
 ## Launch Details
@@ -60,7 +60,7 @@ Token CA: [`BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta`](https://jup.ag/tokens
 
 
 ## Key Facts
-- Avici raised $34,230,976 against $2M target on Futardio (2025-10-14 to 2025-10-18)
-- Avici token: AVICI, mint address: BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta
-- Avici mission: distributed internet banking infrastructure including spend cards, internet-native trust score, unsecured loans, and home mortgages
-- Avici positioning: reputation-based undercollateralized lending to fulfill crypto's original promise of decreasing central bank influence
+- Avici token mint: BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta
+- Launch address: 2rYvdtK8ovuSziJuy5gTTPtviY5CfTnW6Pps4pk7ehEq
+- Futardio platform version: v0.6
+- Avici references Vitalik Buterin tweet on undercollateralized lending (status/1969569289691865416)