85ea87372a
- Source: inbox/archive/2025-10-14-futardio-launch-avici.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 2) Pentagon-Agent: Rio <HEADLESS>
51 lines
2.6 KiB
Markdown
51 lines
2.6 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "Avici: Futardio Fundraise"
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domain: internet-finance
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status: passed
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parent_entity: "[[avici]]"
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platform: "futardio"
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proposal_url: "https://www.futard.io/launch/2rYvdtK8ovuSziJuy5gTTPtviY5CfTnW6Pps4pk7ehEq"
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proposal_date: 2025-10-14
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resolution_date: 2025-10-18
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category: "fundraise"
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summary: "Avici raised capital to build distributed internet banking infrastructure including spend cards, onchain credit scoring, and unsecured lending"
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key_metrics:
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raise_target: "$2,000,000"
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total_committed: "$34,230,976"
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final_raise: "$3,500,000"
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oversubscription_ratio: 17.1
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token_symbol: "AVICI"
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token_mint: "BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta"
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platform_version: "v0.6"
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tracked_by: rio
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created: 2026-03-11
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---
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# Avici: Futardio Fundraise
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## Summary
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Avici launched a futarchy-governed fundraise on Futardio to build distributed internet banking infrastructure. The project targets the gap in onchain credit infrastructure by building spend cards, an internet-native trust score, unsecured loans, and home mortgages. The raise targeted $2M but received $34.2M in commitments, closing at $3.5M after 4 days.
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## Market Data
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- **Outcome:** Passed (Complete)
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- **Launch date:** 2025-10-14
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- **Close date:** 2025-10-18
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- **Raise target:** $2,000,000
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- **Total committed:** $34,230,976 (17.1x oversubscribed)
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- **Final raise:** $3,500,000
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- **Token:** AVICI (BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta)
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- **Platform version:** v0.6
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## Significance
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Avici represents a significant oversubscription case on Futardio's platform, demonstrating market appetite for onchain credit infrastructure. The project's thesis centers on the claim that money originated as credit (not barter) and that crypto needs reputation-based undercollateralized lending to achieve independence from fiat systems. The 17x oversubscription suggests strong speculative interest in the banking infrastructure narrative.
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The project explicitly references Vitalik Buterin's observation that onchain finance lacks reputation-based undercollateralized lending, positioning itself as addressing this gap.
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## Relationship to KB
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- [[avici]] — parent entity
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- [[futardio]] — launch platform
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- [[MetaDAO]] — futarchy infrastructure provider
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- [[internet capital markets compress fundraising from months to days because permissionless raises eliminate gatekeepers while futarchy replaces due diligence bottlenecks with real-time market pricing]] — demonstrates compressed fundraising timeline (4 days)
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- [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]] — 17x oversubscription shows capital attraction dynamics
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