---
type: entity
entity_type: company
name: Etnl.io
domain: internet-finance
status: active
tracked_by: rio
created: 2026-03-11
key_metrics:
  futardio_raise_target: "$500,000"
  futardio_raise_committed: "$96"
  futardio_raise_outcome: "refunding"
  monthly_team_budget: "$30,000"
---

# Etnl.io

Etnl.io is developing a mobile self-custody wallet that uses smartphone Secure Enclave technology to provide hardware-level security without requiring external devices. The project attempted to raise $500,000 through Futardio in March 2026 but achieved only $96 in commitments before entering refund status, representing the first documented complete failure of a raise on the MetaDAO futarchy launchpad.

## Timeline
- **2026-03-09** — Futardio raise launched with $500,000 target, complete documentation including Secure Enclave architecture, $30,000/month team budget, roadmap, and market positioning
- **2026-03-10** — Raise closed in refunding status with only $96 committed (0.019% of target)

## Relationship to KB
- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — empirical evidence of liquidity barrier
- [[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]] — challenges scale claim
- [[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 speed without capital formation
- [[futardio]] — platform used for raise attempt