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teleo-codex/entities/internet-finance/manna-finance.md
Teleo Agents 289c71596b rio: extract from 2026-03-03-futardio-launch-manna-finance.md 
- 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>
2026-03-12 14:39:35 +00:00

1.4 KiB
Raw Blame History

type entity_type name domain status tracked_by created key_metrics
entity company Manna Finance internet-finance failed rio 2026-03-11
raise_target total_committed raise_outcome oversubscription_ratio
$120,000 $205 refunded 0.0017

Manna Finance

Manna Finance is a zero-interest CDP protocol on Solana modeled after Liquity V1. Users deposit SOL as collateral to mint solUSD stablecoin with only 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.

The project attempted to raise $120,000 through Futardio in March 2026 but received only $205 in commitments, resulting in a refund. The protocol had completed core smart contract development (11 Anchor/Rust instructions), TypeScript SDK, test suite, and landing page before the failed raise.

Timeline

  • 2026-03-03 — manna-finance-futardio-fundraise launched on Futardio seeking $120K for 12-month runway
  • 2026-03-04 — Fundraise closed with $205 committed (0.17% of target), status: refunding

Relationship to KB

  • futardio — fundraising platform
  • MetaDAO — planned governance mechanism
  • Competitive positioning against solomon, Jupiter (jupUSD), and centralized stablecoins