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teleo-codex/entities/internet-finance/ranger-protocol.md
m3taversal 018ee566e2 rio: standardize all 10 ownership coin entities with portfolio dashboard schema 
- What: Rewrote all 10 ownership coin entity files (mtnCapital, OmniPair, Umbra,
  Avici, Loyal, ZKFG, Paystream/PAYS, Solomon/SOLO, Ranger, P2P.me) with
  standardized frontmatter schema for dashboard consumption. Deduplicated
  9 redundant files (Ranger had 4, P2P had 4, Umbra had 2, OmniPair had 2).
  Updated all wiki links across decisions/, sectors/, and entities/ to point
  to canonical files.
- Why: m3ta requested portfolio dashboard. Entity stubs had near-zero structured
  data. Dashboard rendering requires standardized schema with raise amounts,
  token addresses, traction metrics, and chain data.
- Gaps flagged: Token addresses for 5 coins, treasury multisig addresses for all 10,
  LP pool addresses, mtnCapital raise details. Phase 2 cron script will auto-fill
  on-chain numerics.

Pentagon-Agent: Rio <244BA05F-3AA3-4079-8C59-6D68A77C76FE>
2026-04-17 13:23:42 +01:00

2.7 KiB
Raw Blame History

name ticker type subtype domain status launch_platform launch_date raise chain holders traction liquidation tracked_by
Ranger $RNGR entity ownership-coin internet-finance liquidated metadao-curated 2026-01
amount_raised_usd amount_committed_usd oversubscription_ratio
8000000 null null
token_address network market_cap_usd price_usd circulating_supply total_supply treasury_multisig_usd treasury_multisig_address lp_usdc_protocol_controlled_usd lp_pool_addresses equity_value_usd data_updated
null solana null null null null null null null
null null
revenue_monthly_usd customers key_metrics
null null
Claimed: $5B volume, $2M revenue (2025)
Actual: ~$2B volume, ~$500K revenue (on-chain analysis)
date return_per_dollar reason
2026-03-12 0.78 Material misrepresentation of revenue and volume metrics. On-chain analysis showed ~$2B volume vs $5B claimed, ~$500K revenue vs $2M claimed. Activity flatlined after ICO announcement.
rio

Ranger

Ranger was marketed as the "first perp aggregator on Solana" and raised $8M+ through MetaDAO's curated ICO in January 2026. Liquidated in March 2026 after tokenholder governance proved material misrepresentation — on-chain analysis showed volume and revenue were roughly 60-75% below what the team claimed pre-ICO. The liquidation returned 5.047M USDC to unlocked RNGR holders (~$0.78 per dollar of book value) with IP transferred back to the team (Glint House PTE). 97% market support for the liquidation proposal.

Significance

Ranger's liquidation was the highest-profile test of the "unruggable ICO" thesis. It demonstrated three things: (1) futarchy governance can enforce investor protection by unwinding projects, (2) futarchy can override its own prior decisions (overrode a 90-day cooldown on buyback/liquidation proposals) when new evidence emerges, and (3) the mechanism returns meaningful capital (~78 cents on the dollar) rather than going to zero.

Timeline

  • 2025-11 — ICO announcement
  • 2025-12 — Co-founder presentation claiming $5B volume and $2M revenue for 2025
  • 2026-01 — Raised $8M+ via futarchy ICO on MetaDAO; token peaked at TGE, fell 74-90%
  • 2026-03 — Liquidation proposal brought by RNGR holders; on-chain analysis showed ~$2B volume and ~$500K revenue
  • 2026-03-12 — Liquidation snapshot; 5.047M USDC returned to unlocked holders (~$0.78 book value)
  • 2026-03-17 — Liquidation portal launched; IP returned to Glint House PTE

Relevant Notes:

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