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>
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| type | entity_type | name | domain | status | founded | platform | tracked_by | created | key_metrics | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| entity | company | Manna Finance | internet-finance | failed | 2026 | solana | rio | 2026-03-11 |
|
Manna Finance
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.
The project attempted to raise $120,000 through futardio but received only $205 in commitments before entering refunding status after one day.
Timeline
- 2026-03-03 — manna-finance-futardio-fundraise launched on Futardio seeking $120K for 12-month runway
- 2026-03-04 — Fundraise closed in refunding status with $205 committed (0.17% of target)
Relationship to KB
- futardio — fundraising platform
- metadao — planned governance mechanism
- 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
- Competed in market described by existing Solana stablecoin landscape (USX, USDv, jupUSD, USDGO)