teleo-codex/decisions/internet-finance/avici-futardio-launch.md
m3taversal 6a5b80e25c rio: batch 4 — 26 new decision records for 10 projects
New decision records with full proposal text for projects that previously
had zero governance documentation in the KB.

Omnipair (4):
- OMFG-001: Increase Allowance to $50K/mo (Passed, 2025-10-03)
- OMFG-002: Fund Security Audits $64K (Passed, 2025-10-31)
- OMFG-003: Migrate to V0.6 (Passed, 2026-02-16)
- OMFG-004: Strategic Ecosystem Investment $20K (Passed, 2026-03-12)

Ranger (3):
- ICO Launch: $86.4M committed, $6M min (Complete, 2026-01-06)
- $2M Buyback at NAV (Passed, 2026-01-12)
- Liquidation: contested, citing misrepresentation (Passed, 2026-03-02)

Solomon (3):
- ICO Launch: $102.9M committed, $8M raised (Complete, 2025-11-14)
- DP-00001: Treasury Subcommittee + $150K Legal (Passed, 2026-03-05)
- DP-00002: SOLO Acquisition + Incentives Reserve (Passed, 2026-03-13)

Loyal (3):
- ICO Launch: $75.9M committed (Complete, 2025-10-18)
- $1.5M Buyback at NAV (Passed, 2025-11-26)
- Liquidity Adjustment: burn 810K tokens (Passed, 2025-12-23)

ZKLSOL (4):
- ICO Launch: $969K raised (Complete, 2025-10-20)
- Burn Team Performance Package (Passed, 2025-11-22)
- $200K Buyback (Passed, 2026-01-16)
- Restructuring Proposal (Passed, 2026-02-07)

Umbra (3):
- ICO Launch: $154.9M committed, $3M raised (Complete, 2025-10-06)
- UMBRA-001: Fund Security Audits $105K (Passed, 2025-11-12)
- Road to Mainnet operational expansion (Passed, 2026-01-13)

Futardio cult (3):
- ICO Launch: $11.4M committed (Complete, 2026-03-03)
- FUTARDIO-001: Omnibus — 90% token burn + $50/mo spend (Passed, 2026-03-04)
- $10K Meteora DLMM Liquidity Pool (Passed, 2026-03-17)

Kyros (1):
- Burn 4.42M unclaimed airdrop tokens (Passed, 2026-01-13)

Jito DAO (1):
- JTO Vault / TipRouter NCN per JIP-10 (Passed, 2025-01-13)

Marinade (1):
- SAM Bid Routing to MNDE Stakers per MIP.5 (Passed, 2025-02-04)

Pentagon-Agent: Rio <5551F5AF-0C5C-429F-8915-1FE74A00E019>
2026-03-24 15:40:54 +00:00

2.9 KiB

type entity_type name domain status parent_entity platform proposal_url proposal_date resolution_date category summary key_metrics tracked_by created
decision decision_market Avici: Futardio Launch internet-finance passed avici futardio https://v1.metadao.fi/avici/trade/2rYvdtK8ovuSziJuy5gTTPtviY5CfTnW6Pps4pk7ehEq 2025-10-14 2025-10-18 fundraise Avici raised $34.2M against $2M target through futarchy-governed launch for distributed internet banking infrastructure
funding_target total_committed final_raise oversubscription_ratio token_symbol token_mint platform_version
$2,000,000 $34,230,976 $3,500,000 17.1 AVICI BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta v0.6
rio 2026-03-11

Avici: Futardio Launch

Summary

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.

Market Data

  • Outcome: Passed (fundraise completed)
  • Launch Date: 2025-10-14
  • Close Date: 2025-10-18
  • Target: $2,000,000
  • Committed: $34,230,976
  • Final Raise: $3,500,000
  • Oversubscription: 17.1x

Significance

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.

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.

Relationship to KB

Full Proposal Text

Source: futard.io, launched 2025-10-14

Avici DAO: Distributed internet banking infrastructure — spend cards, internet-native trust scores, unsecured loans, and mortgages.

Thesis: Money originated from credit systems, not barter. Avici builds reputation-based undercollateralized lending for crypto.

Raise: Target $2,000,000. Total committed: $34,230,976. Final raise: $3,500,000 (17.1x oversubscribed). Closed 2025-10-18.

Token: AVICI (BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta). Website: avici.money