28 lines
No EOL
1.3 KiB
Markdown
28 lines
No EOL
1.3 KiB
Markdown
# Ranger Finance Liquidation (March 2026)
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**Status:** Passed
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**Vote Support:** 97%
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**Trading Volume:** $581K
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**Category:** Liquidation
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**Date:** March 2026
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## Summary
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MetaDAO governance voted to wind down Ranger Finance, pull liquidity, and return approximately 5M USDC to unlocked RNGR holders at roughly $0.78 book value. Intellectual property was returned to the founding team.
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## Outcome
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This is the second futarchy-governed liquidation after mtnCapital (September 2025), providing strong evidence that the "unruggable ICO" mechanism functions as designed. Investors used conditional markets to force a full treasury return when the team was not delivering on commitments.
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## Market Dynamics
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- **Support:** 97% approval
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- **Trading Volume:** $581K in conditional markets
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- **Book Value:** ~$0.78 per token
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- **Treasury Return:** ~5M USDC to unlocked holders
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## Significance
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As Rio noted: "This is what makes ownership coins different from every other token launch mechanism. The enforcement isn't social pressure or legal threats, it's a conditional market where anyone can express 'this project should return capital' and if enough informed money agrees, it happens automatically."
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Two liquidations in six months, both executed cleanly, demonstrates the mechanism has moved from theoretical to proven. |