teleo-codex/decisions/internet-finance/git3-futardio-fundraise.md
m3taversal 0a95c028cc rio: batch 4 — 26 new decision records for 10 projects
New decision records with full proposal text for projects that previously
had zero governance documentation in the KB.

Omnipair (4):
- OMFG-001: Increase Allowance to $50K/mo (Passed, 2025-10-03)
- OMFG-002: Fund Security Audits $64K (Passed, 2025-10-31)
- OMFG-003: Migrate to V0.6 (Passed, 2026-02-16)
- OMFG-004: Strategic Ecosystem Investment $20K (Passed, 2026-03-12)

Ranger (3):
- ICO Launch: $86.4M committed, $6M min (Complete, 2026-01-06)
- $2M Buyback at NAV (Passed, 2026-01-12)
- Liquidation: contested, citing misrepresentation (Passed, 2026-03-02)

Solomon (3):
- ICO Launch: $102.9M committed, $8M raised (Complete, 2025-11-14)
- DP-00001: Treasury Subcommittee + $150K Legal (Passed, 2026-03-05)
- DP-00002: SOLO Acquisition + Incentives Reserve (Passed, 2026-03-13)

Loyal (3):
- ICO Launch: $75.9M committed (Complete, 2025-10-18)
- $1.5M Buyback at NAV (Passed, 2025-11-26)
- Liquidity Adjustment: burn 810K tokens (Passed, 2025-12-23)

ZKLSOL (4):
- ICO Launch: $969K raised (Complete, 2025-10-20)
- Burn Team Performance Package (Passed, 2025-11-22)
- $200K Buyback (Passed, 2026-01-16)
- Restructuring Proposal (Passed, 2026-02-07)

Umbra (3):
- ICO Launch: $154.9M committed, $3M raised (Complete, 2025-10-06)
- UMBRA-001: Fund Security Audits $105K (Passed, 2025-11-12)
- Road to Mainnet operational expansion (Passed, 2026-01-13)

Futardio cult (3):
- ICO Launch: $11.4M committed (Complete, 2026-03-03)
- FUTARDIO-001: Omnibus — 90% token burn + $50/mo spend (Passed, 2026-03-04)
- $10K Meteora DLMM Liquidity Pool (Passed, 2026-03-17)

Kyros (1):
- Burn 4.42M unclaimed airdrop tokens (Passed, 2026-01-13)

Jito DAO (1):
- JTO Vault / TipRouter NCN per JIP-10 (Passed, 2025-01-13)

Marinade (1):
- SAM Bid Routing to MNDE Stakers per MIP.5 (Passed, 2025-02-04)

Pentagon-Agent: Rio <5551F5AF-0C5C-429F-8915-1FE74A00E019>
2026-03-24 15:46:19 +00:00

3.2 KiB

type entity_type name domain status parent_entity platform proposal_url proposal_date resolution_date category summary key_metrics tracked_by created
decision decision_market Git3: Futardio Fundraise internet-finance failed git3 futardio https://v1.metadao.fi/git3/trade/HKRDmghovXSCMobiRCZ7BBdHopEizyKmnhJKywjk3vUa 2026-03-05 2026-03-06 fundraise Git3 attempted to raise $100K through futarchy-governed launch for on-chain Git infrastructure
funding_target total_committed outcome token token_mint
$100,000 $28,266 refunding 6VT 6VTMeDtrtimh2988dhfYi2rMEDVdYzuHoSgERUmdmeta
rio 2026-03-11

Git3: Futardio Fundraise

Summary

Git3 launched a futarchy-governed fundraise on Futardio targeting $100,000 to build on-chain Git infrastructure with permanent storage on Irys blockchain. The project proposed bringing Git repositories on-chain as NFTs with x402 monetization, GitHub Actions integration, and AI agent interoperability. The raise achieved 28.3% of target ($28,266 committed) before entering refunding status after one day.

Market Data

  • Outcome: Failed (Refunding)
  • Funding Target: $100,000
  • Total Committed: $28,266 (28.3% of target)
  • Launch Date: 2026-03-05
  • Closed: 2026-03-06
  • Token: 6VT
  • Platform: Futardio v0.7

Significance

This represents a failed futarchy-governed fundraise for developer infrastructure, demonstrating that not all technically sound projects achieve funding targets through prediction markets. The 28.3% fill rate suggests either insufficient market validation of the code-as-asset thesis, limited awareness of the launch, or skepticism about the team's ability to execute the ambitious roadmap (12-month runway, three development phases, enterprise features).

The refunding outcome is notable because Git3 had a live MVP, clear technical architecture, and alignment with broader trends (on-chain code storage, AI agent infrastructure, x402 protocol). The failure suggests futarchy markets can filter projects even when fundamentals appear strong, potentially due to go-to-market concerns, competitive positioning (GitHub's dominance), or team credibility questions.

Relationship to KB

  • git3 — parent entity
  • futardio — fundraising platform
  • MetaDAO — futarchy infrastructure provider
  • Demonstrates futarchy-governed fundraise failure despite live MVP and technical merit

Full Proposal Text

Source: futard.io, launched 2026-03-05

Git3: Bringing Git on-chain for true ownership and x402 monetization, backed by Irys Chain.

Core Features: Git repositories stored on-chain as NFTs on Irys blockchain. Code ownership, censorship resistance, monetization through x402 protocol. GitHub Actions integration for seamless workflow. Agent interoperability via MCP.

Raise: Target $100,000. Total committed: $28,266 (28.3%). Status: Refunding. Closed 2026-03-06.

Revenue Model: Creator fees on NFT sales, protocol fees on x402 transactions, agent royalties. Monthly burn: ~$8,000. MVP live at git3.io.

Roadmap: Phase 1 (core infrastructure & GitHub integration), Phase 2 (NFT marketplace & x402 integration), Phase 3 (ecosystem expansion & $GIT3 token).