m3taversal
e8016cf013
Completes full proposal text backfill for all non-MetaDAO decision records. Futardio proposals (3): - futardio-proposal-1 (test, Failed 2024-05-27) - futardio-fund-rug-bounty-program (Passed 2024-06-14) - futardio-approve-budget-pre-governance-hackathon (Passed 2024-08-30) FutureDAO (1): - futuredao-initiate-liquidity-farming-raydium (Passed 2024-11-08) Dean's List/IslandDAO (1): - islanddao-treasury-proposal (Passed 2024-10-10) Futardio launches — successful (3): - avici-futardio-launch ($34.2M committed, $3.5M raised, 2025-10-14) - paystream-futardio-fundraise ($6.1M committed, $750K raised, 2025-10-23) - superclaw-futardio-fundraise ($5.95M committed, 119x oversubscribed, 2026-03-04) Futardio launches — failed (10): - digifrens ($6.6K/200K, 2026-03-03) - git3 ($28.3K/100K, 2026-03-05) - hurupay ($2M/3M, 2026-02-03) - insert-coin-labs ($2.5K/50K, 2026-03-05) - island ($250/50K, 2026-03-04) - manna-finance ($205/120K, 2026-03-03) - runbookai ($3.6K/350K, 2026-03-05) - salmon-wallet (refunding, 2026-02-22) - seekervault ($2.1K/75K, 2026-03-04) - versus ($5.3K/500K, 2026-03-03) Other (3): - mtncapital-wind-down (first futarchy liquidation, ~Sep 2025) - test-dao-testing-indexer-changes (test, 2025-07-02) - the-meme-is-real (test, 2026-03-03) Pentagon-Agent: Rio <5551F5AF-0C5C-429F-8915-1FE74A00E019>
65 lines
2.9 KiB
Markdown
65 lines
2.9 KiB
Markdown
---
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type: decision
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entity_type: decision_market
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name: "Avici: Futardio Launch"
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domain: internet-finance
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status: passed
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parent_entity: "[[avici]]"
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platform: "futardio"
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proposal_url: "https://v1.metadao.fi/avici/trade/2rYvdtK8ovuSziJuy5gTTPtviY5CfTnW6Pps4pk7ehEq"
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proposal_date: 2025-10-14
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resolution_date: 2025-10-18
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category: "fundraise"
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summary: "Avici raised $34.2M against $2M target through futarchy-governed launch for distributed internet banking infrastructure"
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key_metrics:
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funding_target: "$2,000,000"
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total_committed: "$34,230,976"
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final_raise: "$3,500,000"
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oversubscription_ratio: 17.1
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token_symbol: "AVICI"
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token_mint: "BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta"
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platform_version: "v0.6"
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tracked_by: rio
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created: 2026-03-11
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---
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# Avici: Futardio Launch
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## Summary
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Avici launched a futarchy-governed fundraise on Futardio to build distributed internet banking infrastructure including spend cards, internet-native trust scores, and unsecured lending. The project targeted $2M but received $34.2M in commitments (17x oversubscribed), ultimately raising $3.5M and closing after 4 days.
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## Market Data
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- **Outcome:** Passed (fundraise completed)
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- **Launch Date:** 2025-10-14
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- **Close Date:** 2025-10-18
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- **Target:** $2,000,000
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- **Committed:** $34,230,976
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- **Final Raise:** $3,500,000
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- **Oversubscription:** 17.1x
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## Significance
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This launch demonstrates futarchy-governed fundraising attracting significant capital for infrastructure projects beyond meme coins. The 17x oversubscription indicates market demand for reputation-based undercollateralized lending infrastructure, a gap identified by Vitalik Buterin as missing from onchain finance.
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The project's thesis challenges the commodity theory of money, arguing money originated as credit (a social ledger) rather than barter, positioning onchain reputation systems as necessary infrastructure for fiat independence.
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## Relationship to KB
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- [[avici]] — parent entity
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- [[futardio]] — launch platform
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- [[MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale]] — platform mechanism
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- [[internet capital markets compress fundraising from months to days because permissionless raises eliminate gatekeepers while futarchy replaces due diligence bottlenecks with real-time market pricing]] — demonstrates compression thesis
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## Full Proposal Text
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*Source: futard.io, launched 2025-10-14*
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Avici DAO: Distributed internet banking infrastructure — spend cards, internet-native trust scores, unsecured loans, and mortgages.
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**Thesis:** Money originated from credit systems, not barter. Avici builds reputation-based undercollateralized lending for crypto.
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**Raise:** Target $2,000,000. Total committed: $34,230,976. Final raise: $3,500,000 (17.1x oversubscribed). Closed 2025-10-18.
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**Token:** AVICI (BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta). Website: avici.money
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