auto-fix: strip 1 broken wiki links

Pipeline auto-fixer: removed [[ ]] brackets from links
that don't resolve to existing claims in the knowledge base.

domains/internet-finance/metadao-ico-platform-demonstrates-15x-oversubscription-validating-futarchy-governed-capital-formation.md

@@ -107,10 +107,16 @@ Through Q4 2025, MetaDAO hosted 8 total ICOs raising $25.6M from $390M in commit
 P2P.me ICO targeting $6M at $15.5M FDV represents a stretched valuation case (182x gross profit multiple) that tests whether MetaDAO's futarchy governance can correctly filter overpriced deals. Pine Analytics identifies fundamental concerns: $82K annual gross profit, plateaued user growth since mid-2025, and 50% liquid float at TGE creating FairScale-style liquidation risk. The outcome (pass/fail after March 26, 2026) will provide evidence on whether community judgment overrides analyst signals or whether futarchy markets correctly price stretched valuations.
 
 ### Additional Evidence (extend)
-*Source: [[2026-03-23-telegram-m3taversal-futairdbot-what-are-people-saying-about-the-p2p]] | Added: 2026-03-24*
+*Source: 2026-03-23-telegram-m3taversal-futairdbot-what-are-people-saying-about-the-p2p | Added: 2026-03-24*
 
 P2P.me launch expected to show 'big commitment numbers that compress hard on pro-rata allocation' according to @m3taversal, suggesting the oversubscription pattern continues beyond initial MetaDAO launches. This indicates sustained demand rather than novelty-driven early adoption.
 
+### Additional Evidence (extend)
+*Source: [[2026-03-24-delphi-digital-metadao-ico-participant-behavior-study]] | Added: 2026-03-24*
+
+While 15x oversubscription validates demand for MetaDAO ICOs, Delphi Digital's participant analysis reveals that 30-40% of this demand comes from passive allocators and short-term flippers rather than conviction holders. This suggests oversubscription metrics may overstate genuine project support, as a significant portion of participants are portfolio diversifiers rather than aligned community members.
+
+
 
 
 

inbox/queue/.extraction-debug/2026-03-24-delphi-digital-metadao-ico-participant-behavior-study.json

@@ -0,0 +1,36 @@
+{
+  "rejected_claims": [
+    {
+      "filename": "metadao-ico-participant-composition-creates-structural-post-tge-selling-pressure-independent-of-futarchy-selection-quality.md",
+      "issues": [
+        "missing_attribution_extractor"
+      ]
+    },
+    {
+      "filename": "post-ico-token-price-is-noisy-signal-of-futarchy-selection-quality-because-participant-composition-effects-systematically-depress-price.md",
+      "issues": [
+        "missing_attribution_extractor"
+      ]
+    }
+  ],
+  "validation_stats": {
+    "total": 2,
+    "kept": 0,
+    "fixed": 6,
+    "rejected": 2,
+    "fixes_applied": [
+      "metadao-ico-participant-composition-creates-structural-post-tge-selling-pressure-independent-of-futarchy-selection-quality.md:set_created:2026-03-24",
+      "metadao-ico-participant-composition-creates-structural-post-tge-selling-pressure-independent-of-futarchy-selection-quality.md:stripped_wiki_link:community-ownership-accelerates-growth-through-aligned-evang",
+      "metadao-ico-participant-composition-creates-structural-post-tge-selling-pressure-independent-of-futarchy-selection-quality.md:stripped_wiki_link:metadao-ico-platform-demonstrates-15x-oversubscription-valid",
+      "post-ico-token-price-is-noisy-signal-of-futarchy-selection-quality-because-participant-composition-effects-systematically-depress-price.md:set_created:2026-03-24",
+      "post-ico-token-price-is-noisy-signal-of-futarchy-selection-quality-because-participant-composition-effects-systematically-depress-price.md:stripped_wiki_link:futarchy-excels-at-relative-selection-but-fails-at-absolute-",
+      "post-ico-token-price-is-noisy-signal-of-futarchy-selection-quality-because-participant-composition-effects-systematically-depress-price.md:stripped_wiki_link:metadao-ico-platform-demonstrates-15x-oversubscription-valid"
+    ],
+    "rejections": [
+      "metadao-ico-participant-composition-creates-structural-post-tge-selling-pressure-independent-of-futarchy-selection-quality.md:missing_attribution_extractor",
+      "post-ico-token-price-is-noisy-signal-of-futarchy-selection-quality-because-participant-composition-effects-systematically-depress-price.md:missing_attribution_extractor"
+    ]
+  },
+  "model": "anthropic/claude-sonnet-4.5",
+  "date": "2026-03-24"
+}

inbox/queue/2026-03-24-delphi-digital-metadao-ico-participant-behavior-study.md

@@ -7,9 +7,13 @@ date: 2026-03-24
 domain: internet-finance
 secondary_domains: []
 format: report
-status: unprocessed
+status: enrichment
 priority: high
 tags: [metadao, ico, participant-behavior, token-economics, ownership-coins]
+processed_by: rio
+processed_date: 2026-03-24
+enrichments_applied: ["metadao-ico-platform-demonstrates-15x-oversubscription-validating-futarchy-governed-capital-formation.md"]
+extraction_model: "anthropic/claude-sonnet-4.5"
 ---
 
 ## Content
@@ -44,3 +48,10 @@ Note: Source URL is behind Delphi Digital paywall. Key finding surfaced through
 PRIMARY CONNECTION: Community ownership accelerates growth through aligned evangelism not passive holding
 WHY ARCHIVED: First behavioral data separating selection quality from post-TGE price performance in MetaDAO ICOs — creates a structural explanation for the otherwise puzzling pattern of futarchy selecting projects that still show post-TGE deterioration
 EXTRACTION HINT: Focus on the participant composition finding and its implications for what "community ownership" actually means in practice. The 30-40% passive rate is the number that matters. Secondary: how this creates a measurement problem for evaluating futarchy selection quality using post-ICO price data.
+
+
+## Key Facts
+- Delphi Digital published MetaDAO ICO participant behavior analysis on 2026-03-24
+- Study characterized 60-70% of MetaDAO ICO participants as long-term conviction holders
+- Study characterized 30-40% of MetaDAO ICO participants as passive allocators/flippers who sell at or shortly after TGE
+- Analysis documented post-TGE deterioration pattern in Trove, Ranger, and Hurupay tokens