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teleo-codex/decisions/internet-finance/seekervault-futardio-fundraise.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

3.4 KiB
Raw Blame History

type entity_type name domain status parent_entity platform proposer proposal_url proposal_date resolution_date category summary key_metrics tracked_by created
decision decision_market SeekerVault: Futardio Fundraise internet-finance failed seekervault futardio gbflarcos, Beardkoda https://v1.metadao.fi/seekervault/trade/7AMzZD3JZ15FCX2eoC17KgJD5Ywum9J5i7E9BAbgc2vi 2026-03-08 2026-03-09 fundraise Fundraise for encrypted backup layer targeting 150K+ Solana Seeker phone users
funding_target total_committed outcome token_symbol token_mint
$50,000 $2,095 refunding J4r J4rMkvf4qwJgX2nK3ueeL4E423chSG2jVqgk5LAGmeta
rio 2026-03-11

SeekerVault: Futardio Fundraise

Summary

SeekerVault attempted to raise $50,000 through Futardio to build encrypted decentralized backup infrastructure for the 150,000+ Solana Seeker phones. The project positioned itself as replacing Google Drive/iCloud with Walrus + Seal storage, with a roadmap including AI agent vaults, creator content stores, and data marketplace. The raise attracted only $2,095 (4.2% of target) before entering refunding status.

Market Data

  • Outcome: Failed (Refunding)
  • Proposers: gbflarcos, Beardkoda
  • Funding Target: $50,000
  • Total Committed: $2,095
  • Duration: 1 day (2026-03-08 to 2026-03-09)
  • Token: J4r (J4rMkvf4qwJgX2nK3ueeL4E423chSG2jVqgk5LAGmeta)

Significance

This fundraise demonstrates the challenge of raising capital for infrastructure plays even with clear product-market fit thesis (150K captive users). The 4.2% subscription rate suggests either:

  1. Market skepticism about execution capability (two-person team, ambitious multi-phase roadmap)
  2. Unclear value capture mechanism (SKV token utility described but not compelling)
  3. Competition concerns (despite claiming "zero competition")
  4. Timing mismatch (dApp Store listing still "in review")

The pitch emphasized multiple revenue streams (subscriptions, creator economy tax, marketplace fees) but may have suffered from scope ambiguity — backup tool vs. AI agent infrastructure vs. creator platform vs. data marketplace.

Relationship to KB

  • seekervault — parent entity, fundraise attempt
  • futardio — platform used for raise
  • MetaDAO — futarchy governance infrastructure

Full Proposal Text

Source: futard.io, launched 2026-03-04

SeekerVault: Decentralized Data Sovereignty for the Solana Seeker. Encrypted decentralized backup infrastructure for Solana Seeker phones (150,000+ users). Replaces Google Drive/iCloud with Walrus + Seal storage.

Storage Layer: Walrus protocol (distributed network). Security Layer: Seal (decentralized secrets management via Sui blockchain, on-chain access control, threshold cryptography).

Monetization: Token-gated Content Vaults (creators sell access to private files/media). Point Streaking rewards users for migrating from centralized cloud.

Raise: Target $75,000. Total committed: $2,095 (4.2%). Status: Refunding. Closed 2026-03-05. (Note: earlier listing showed $50K target / $1,186 committed — data varies by source.)

Pricing: 20MB free, 100GB for $10/month (in SKR). Monthly burn: $10K ($4K team, $5K infrastructure, $1K marketing). Runway: 6 months.

Roadmap: March 2026 (dApp store listing, storage subscription), Q2 (content subscription/token-gated vaults), Q3 (decentralized storefront). Website: seekervault.xyz