---
type: entity
entity_type: decision_market
name: "Git3: Futardio Fundraise"
domain: internet-finance
status: failed
parent_entity: "[[git3]]"
platform: "futardio"
proposal_url: "https://www.futard.io/launch/HKRDmghovXSCMobiRCZ7BBdHopEizyKmnhJKywjk3vUa"
proposal_date: 2026-03-05
resolution_date: 2026-03-06
category: "fundraise"
summary: "Git3 attempted to raise $100K for on-chain Git infrastructure development through Futardio but reached only 28% of target"
key_metrics:
  raise_target: "$100,000"
  total_committed: "$28,266"
  oversubscription_ratio: 0.28
  outcome: "refunding"
tracked_by: rio
created: 2026-03-11
---

# Git3: Futardio Fundraise

## Summary

Git3 launched a futarchy-governed fundraise on Futardio targeting $100,000 to fund 12-13 months of development for on-chain Git infrastructure. The raise attracted $28,266 in commitments (28% of target) before closing in refunding status after one day.

## Market Data

- **Outcome:** Failed (refunding)
- **Target:** $100,000
- **Committed:** $28,266
- **Duration:** 1 day (2026-03-05 to 2026-03-06)
- **Token:** 6VT
- **Token mint:** 6VTMeDtrtimh2988dhfYi2rMEDVdYzuHoSgERUmdmeta

## Use of Funds Plan

The proposal outlined $8,000/month burn rate:
- Team: ~$5,000/month (engineering, product, security)
- Infrastructure: ~$2,000/month (Irys storage, cloud compute, GitHub Actions)
- Marketing & Ecosystem: ~$1,000/month (developer community, partnerships, content)

## Significance

This represents an early-stage infrastructure project attempting to use futarchy-governed fundraising for developer tools. The 28% subscription rate suggests either insufficient market validation for on-chain Git infrastructure or inadequate community building before launch. The project had live MVP at git3.io but failed to attract sufficient capital through the futarchy mechanism.

## Relationship to KB

- [[git3]] — parent entity
- [[futardio]] — fundraising platform
- [[MetaDAO]] — futarchy infrastructure provider