rio: extract claims from 2025-11-14-futardio-launch-solomon #619

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---
type: entity
entity_type: decision_market
name: "Solomon: Futardio Launch"
domain: internet-finance
status: passed
parent_entity: "[[solomon]]"
platform: "futardio"
proposal_url: "https://www.futard.io/launch/634r63NH2qbTrSVyLieC3Ab3YKaEfoGnCLM8idZMEycE"
proposal_date: 2025-11-14
resolution_date: 2025-11-18
category: "fundraise"
summary: "Solomon raised $8M through futarchy-governed ICO after receiving $102.9M in commitments"
key_metrics:
funding_target: "$2,000,000"
total_committed: "$102,932,673.08"
final_raise: "$8,000,000"
oversubscription_ratio: 51.5
token_allocation:
metadao_liquidity: "20% of gross"
solomon_treasury: "80% of gross"
tracked_by: rio
created: 2026-03-11
---
# Solomon: Futardio Launch
## Summary
Solomon launched a futarchy-governed fundraise on Futardio seeking $2M to bootstrap their composable stablecoin system (USDv). The raise was massively oversubscribed at 51.5x with $102.9M in commitments, ultimately closing at $8M final raise. The structure allocated 20% of gross to MetaDAO for token liquidity seeding and 80% to Solomon DAO treasury.
## Market Data
- **Outcome:** Passed (closed at $8M)
- **Funding Target:** $2M minimum, $5-8M ideal
- **Total Committed:** $102.9M
- **Final Raise:** $8M
- **Oversubscription:** 51.5x
- **Token:** SOLO (`SoLo9oxzLDpcq1dpqAgMwgce5WqkRDtNXK7EPnbmeta`)
- **Platform:** Futardio v0.6
- **Launch Date:** 2025-11-14
- **Close Date:** 2025-11-18
## Product Context
Solomon builds USDv, a composable dollar stablecoin that maintains $1 peg without rebasing, enabling yield generation through:
- **USDv:** Base composable dollar for integrations (DEXs, perps, money markets)
- **sUSDv:** Staking variant that accrues yield from basis trading (long spot, short perp) and T-bills
- **YaaS (Yield-as-a-Service):** Permissioned yield stream for treasuries/protocols that can't stake
The system addresses $150B+ of idle stablecoin capital across chains that earns no yield due to composability constraints of existing yield-bearing stablecoins.
## Capital Deployment Plan
1. Put treasury to work immediately (~16% APR generation)
2. Fund liquidity mining to accelerate TVL growth
3. Seed deeper USDv/USDC liquidity
4. Reduce custody and exchange fees through scale
## Operational Track Record
- Ran closed beta for one year with seven-figure TVL
- Handled multiple market shocks including October 10th Binance price dislocation with zero incidents
- Custody segregated with Ceffu (insurance coverage)
- Solana programs audited, admin operations via Squads multisig
## Significance
This launch demonstrates:
1. **Oversubscription management:** Futardio handled 51.5x oversubscription, taking $8M vs $2M minimum while leaving "real unmet demand after the raise closes"
2. **Stablecoin infrastructure fundraising:** First major stablecoin protocol to raise via futarchy-governed ICO
3. **Market validation:** $102.9M in commitments signals strong market demand for composable yield-bearing stablecoins
## Relationship to KB
- [[solomon]] — parent entity
- [[futardio]] — launch platform
- [[metadao]] — receives 20% of gross for liquidity seeding
- [[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]] — mechanism used
- [[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 (4 days)

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@ -41,6 +41,7 @@ One of the first successful Futardio launches. Raised $8M through the pro-rata m
- **2026-02/03** — Lab Notes series (Ranga documenting progress publicly)
- **2026-03** — Treasury subcommittee proposal (DP-00001) — formalized operational governance
- **2025-11-14** — Launched futarchy-governed fundraise on Futardio with $2M target, raised $102.9M in commitments before closing at $8M final raise (2025-11-18)
## Competitive Position
Solomon is not primarily a competitive entity — it's an existence proof. It demonstrates that futarchy-governed organizations can raise capital, manage treasuries, and create operational governance structures. The key question is whether the futarchy layer adds genuine value beyond what a normal startup with transparent treasury management would achieve.

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@ -6,9 +6,13 @@ url: "https://www.futard.io/launch/634r63NH2qbTrSVyLieC3Ab3YKaEfoGnCLM8idZMEycE"
date: 2025-11-14
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: "Factual launch data for Solomon's futarchy-governed fundraise. No novel claims about mechanisms or market dynamics beyond what's already captured in existing KB claims about futarchy launches and internet capital markets. Created decision_market entity to track this significant fundraise (51.5x oversubscription) and updated parent Solomon entity timeline."
---
## Launch Details
@ -69,3 +73,12 @@ Solomon is the first stablecoin system that can sit everywhere money sits. Walle
- Version: v0.6
- Final raise: $8,000,000.00
- Closed: 2025-11-18
## Key Facts
- Solomon raised $8M through Futardio (2025-11-14 to 2025-11-18)
- Solomon received $102.9M in commitments against $2M target (51.5x oversubscription)
- Solomon token: SOLO (SoLo9oxzLDpcq1dpqAgMwgce5WqkRDtNXK7EPnbmeta)
- Solomon ran closed beta for one year with seven-figure TVL before public launch
- USDv addresses $150B+ idle stablecoin capital across chains
- Token allocation: 20% to MetaDAO for liquidity, 80% to Solomon DAO treasury