m3taversal
fdebd95137
New decision records with full proposal text for projects that previously had zero governance documentation in the KB. Omnipair (4): OMFG-001 through OMFG-004 Ranger (3): ICO launch + $2M buyback + contested liquidation Solomon (3): ICO launch ($102.9M committed) + DP-00001 + DP-00002 Loyal (3): ICO launch ($75.9M committed) + buyback + liquidity adjustment ZKLSOL (4): ICO launch + team burn + buyback + restructuring Umbra (3): ICO launch + security audits + mainnet expansion Futardio cult (3): ICO launch + omnibus (90% token burn) + liquidity pool Kyros (1): Burn 4.42M unclaimed airdrop Jito DAO (1): JTO Vault / TipRouter NCN (JIP-10) Marinade (1): SAM Bid Routing to MNDE Stakers (MIP.5) Pentagon-Agent: Rio <5551F5AF-0C5C-429F-8915-1FE74A00E019>
48 lines
2.8 KiB
Markdown
48 lines
2.8 KiB
Markdown
---
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type: decision
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entity_type: decision_market
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name: "Solomon: Futardio ICO Launch"
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domain: internet-finance
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status: passed
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parent_entity: "[[solomon]]"
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platform: "futardio"
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proposer: "Solomon Labs"
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proposal_url: "https://v1.metadao.fi/solomon/trade/634r63NH2qbTrSVyLieC3Ab3YKaEfoGnCLM8idZMEycE"
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proposal_date: 2025-11-14
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resolution_date: 2025-11-18
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category: "launch"
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summary: "Solomon Labs raised $8M via MetaDAO ICO for composable yield-bearing stablecoin (USDv) — $102.9M committed against $2M minimum"
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tracked_by: rio
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created: 2026-03-24
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---
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# Solomon: Futardio ICO Launch
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## Summary
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Solomon Labs, building USDv (a composable yield-bearing stablecoin on Solana), raised $8M via MetaDAO's futarchy-governed ICO. $102.9M committed against $2M minimum (51.5x oversubscribed). USDv stays at $1 via two-way market making, earns yield from basis trade strategy (long spot, short perp) and T-bills. Yield delivered via sUSDv (permissionless staking) or Yield-as-a-Service for protocols. Ran live in closed beta for one year with seven-figure TVL and zero incidents through multiple market shocks.
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## Market Data
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- **Outcome:** Complete
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- **Total Committed:** $102,932,673
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- **Final Raise:** $8,000,000
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- **Minimum:** $2,000,000
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- **Duration:** 2025-11-14 to 2025-11-18
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- **Token:** SOLO (SoLo9oxzLDpcq1dpqAgMwgce5WqkRDtNXK7EPnbmeta)
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## Significance
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Largest MetaDAO ICO by commitment volume ($102.9M). Demonstrates that futarchy-governed fundraising can attract institutional-scale capital for infrastructure projects. Solomon's approach — composable stablecoin with basis trade yield — represents DeFi infrastructure rather than speculative memecoin, validating MetaDAO's expansion beyond governance experiments.
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## Relationship to KB
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- [[solomon]] — parent entity
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- [[metadao]] — ICO platform
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- [[metadao-ico-platform-demonstrates-15x-oversubscription-validating-futarchy-governed-capital-formation]] — 51.5x oversubscription extends this pattern
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## Full Proposal Text
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*Source: futard.io, launched 2025-11-14*
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Solomon is building a more composable dollar that stays at $1, doesn't rebase, and earns. Over $150B of stable capital is idle across chains because yield designs require staking into a separate, drifting or rebasing unit that breaks composability.
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USDv: Solana-native, composable, kept at $1 via two-way market making. Stake for sUSDv (permissionless) or use Yield-as-a-Service for direct USDv yield. Yield from basis trade strategy (long spot, short perp) and T-bills. Automated trading infrastructure with custody segregated via Ceffu with insurance. Programs audited, admin via Squads multisig.
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Raise: $2M minimum, $5-8M ideal target. Uses: treasury yield generation (~16% APR), liquidity mining for TVL growth, deeper USDv/USDC liquidity, improved venue terms. Default structure: 20% to seed liquidity, 80% to DAO treasury.
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