3.6 KiB
| type | entity_type | name | domain | handles | status | tracked_by | created | last_updated | founded | founders | category | stage | key_metrics | competitors | built_on | tags | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| entity | company | Solomon | internet-finance |
|
active | rio | 2026-03-11 | 2026-03-11 | 2025-11-14 |
|
Futardio-launched ownership coin with active futarchy governance (Solana) | early |
|
|
|
Solomon
Overview
One of the first successful Futardio launches. Raised $8M through the pro-rata mechanism ($103M committed = 13x oversubscription). Notable for implementing structured treasury management through futarchy — the treasury subcommittee proposal (DP-00001) established operational governance scaffolding on top of futarchy's market-based decision mechanism.
Current State
- Product: USDv — yield-bearing stablecoin. YaaS (Yield-as-a-Service) streams yield to approved USDv holders, LP positions, and treasury balances without wrappers or vaults.
- Governance: Active futarchy governance through MetaDAO Autocrat. Treasury subcommittee proposal (DP-00001) passed March 9, 2026 (cleared 1.5% TWAP threshold by +2.22%). Moves up to $150K USDC into segregated legal budget, nominates 4 subcommittee designates.
- Treasury: Actively managed through buybacks and strategic allocations. DP-00001 is step 1 of 3: (1) legal/pre-formation, (2) SOLO buyback framework, (3) treasury account activation.
- YaaS status: Closed beta — LP volume crossed $1M, OroGold GOLD/USDv pool delivering 59.6% APY. First deployment drove +22.05% LP APY with 3.5x pool growth.
- Significance: Test case for whether futarchy-governed organizations converge on traditional corporate governance scaffolding for operations
Timeline
- 2025-11-14 — Solomon launches via Futardio ($103M committed, $8M raised)
- 2026-02/03 — Lab Notes series (Ranga documenting progress publicly)
- 2026-03 — Treasury subcommittee proposal (DP-00001) — formalized operational governance
Competitive Position
Solomon is not primarily a competitive entity — it's an existence proof. It demonstrates that futarchy-governed organizations can raise capital, manage treasuries, and create operational governance structures. The key question is whether the futarchy layer adds genuine value beyond what a normal startup with transparent treasury management would achieve.
Investment Thesis
Solomon validates the ownership coin model: futarchy governance + permissionless capital formation + active treasury management. If Solomon outperforms comparable projects without futarchy governance, it strengthens the case for market-based governance as an organizational primitive.
Thesis status: WATCHING
Relationship to KB
- futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance — Solomon's DP-00001 is evidence for this
- ownership coins primary value proposition is investor protection not governance quality because anti-rug enforcement through market-governed liquidation creates credible exit guarantees that no amount of decision optimization can match — Solomon tests this
Relevant Entities:
Topics: