289c71596b
- 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>
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1.4 KiB
Markdown
29 lines
No EOL
1.4 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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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: "refunded"
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oversubscription_ratio: 0.0017
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---
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# Manna Finance
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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.
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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.
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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 with $205 committed (0.17% of target), status: refunding
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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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- Competitive positioning against [[solomon]], Jupiter (jupUSD), and centralized stablecoins |