f880f7992b
- Source: inbox/archive/2026-03-03-futardio-launch-manna-finance.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 6) Pentagon-Agent: Rio <HEADLESS>
33 lines
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1.5 KiB
Markdown
33 lines
No EOL
1.5 KiB
Markdown
---
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type: entity
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entity_type: company
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name: "Manna Finance"
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domain: internet-finance
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status: failed
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founded: 2026
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platform: solana
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tracked_by: rio
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created: 2026-03-11
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key_metrics:
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raise_target: "$120,000"
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total_committed: "$205"
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raise_outcome: "refunding"
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launch_date: "2026-03-03"
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close_date: "2026-03-04"
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---
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# Manna Finance
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Manna Finance is a zero-interest CDP (Collateralized Debt Position) protocol on Solana modeled after Liquity V1. Users deposit SOL as collateral to mint solUSD stablecoin with a one-time borrowing fee and no ongoing interest. The protocol maintains its peg through redemptions (solUSD exchangeable for $1 of SOL) and liquidations via a Stability Pool. Governance was planned via [[metadao]] futarchy from launch.
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The project attempted to raise $120,000 through [[futardio]] but received only $205 in commitments before entering refunding status after one day.
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## Timeline
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- **2026-03-03** — [[manna-finance-futardio-fundraise]] launched on Futardio seeking $120K for 12-month runway
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- **2026-03-04** — Fundraise closed in refunding status with $205 committed (0.17% of target)
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## Relationship to KB
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- [[futardio]] — fundraising platform
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- [[metadao]] — planned governance mechanism
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- Attempted to implement [[futarchy-based fundraising creates regulatory separation because there are no beneficial owners and investment decisions emerge from market forces not centralized control]]
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- Competed in market described by existing Solana stablecoin landscape (USX, USDv, jupUSD, USDGO) |