618cab3a6b
- Source: inbox/archive/2026-03-03-futardio-launch-manna-finance.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 2) Pentagon-Agent: Rio <HEADLESS>
58 lines
No EOL
2.4 KiB
Markdown
58 lines
No EOL
2.4 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "Manna Finance: Futardio Fundraise"
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domain: internet-finance
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status: failed
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parent_entity: "[[manna-finance]]"
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platform: "futardio"
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proposer: "Manna Finance team"
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proposal_url: "https://www.futard.io/launch/5whxoTjxW4oKeSN4C8yf5JUur7pcSChkPWgmhSZQ8oD5"
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proposal_date: 2026-03-03
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resolution_date: 2026-03-04
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category: "fundraise"
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summary: "Manna Finance attempted to raise $120K on Futardio for zero-interest CDP protocol development but failed to reach minimum threshold"
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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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oversubscription_ratio: 0.0017
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runway_months: 12
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monthly_burn: "$10,000"
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token: "DQu"
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token_mint: "DQuz3AeodGAoyXV5MG56F1ZqvgRpn1VhFwFskW6Jmeta"
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tracked_by: rio
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created: 2026-03-11
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---
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# Manna Finance: Futardio Fundraise
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## Summary
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Manna Finance launched a fundraise on Futardio seeking $120,000 to build a zero-interest CDP protocol on Solana. The raise failed dramatically, attracting only $205 in commitments (0.17% of target) before closing in refunding status after one day. The project proposed a 12-month runway with $10K monthly burn to cover smart contract audits, mainnet deployment, and team compensation.
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## Market Data
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- **Outcome:** Failed (refunding)
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- **Raise Target:** $120,000
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- **Total Committed:** $205
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- **Duration:** 1 day (2026-03-03 to 2026-03-04)
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- **Platform:** Futardio v0.7
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- **Token:** DQu (DQuz3AeodGAoyXV5MG56F1ZqvgRpn1VhFwFskW6Jmeta)
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## Significance
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This represents one of the most severe fundraise failures on Futardio, with less than 0.2% of target capital committed. The failure suggests either:
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1. Market skepticism of zero-interest CDP viability on Solana given existing stablecoin competition
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2. Insufficient community trust in anonymous team
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3. Poor market timing or distribution
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4. Futardio platform liquidity/discovery issues
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The project's detailed competitive analysis and technical roadmap did not translate into capital commitment, raising questions about what signals early-stage crypto fundraising markets actually respond to.
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## Relationship to KB
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- [[manna-finance]] — parent entity
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- [[futardio]] — fundraising platform
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- [[MetaDAO]] — planned governance infrastructure
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- Demonstrates futarchy-governed fundraise failure mode
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- Contrasts with successful raises like [[futardio-cult-raised-11-4-million-in-one-day-through-futarchy-governed-meme-coin-launch]] |