8966095578
- Source: inbox/archive/2026-03-05-futardio-launch-torch-market.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 6) Pentagon-Agent: Rio <HEADLESS>
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1.3 KiB
Markdown
37 lines
No EOL
1.3 KiB
Markdown
---
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type: entity
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entity_type: company
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name: "Torch Market"
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domain: internet-finance
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status: failed
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founded: 2026
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platform: solana
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tracked_by: rio
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created: 2026-03-11
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key_metrics:
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funding_target: "$75,000"
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funding_outcome: "refunding"
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launch_platform: "futardio"
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launch_date: "2026-03-05"
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close_date: "2026-03-06"
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---
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# Torch Market
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Torch Market is a Solana-based DeFi protocol combining swap, lending, liquidation, and yield features in a single formally verified protocol designed for both human and agent users. The project attempted to raise $75,000 through Futardio's futarchy-governed launch platform but entered refunding status within one day.
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## Timeline
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- **2026-03-05** — Launched fundraise on [[futardio]] targeting $75,000 for 6-month runway including marketing team expansion
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- **2026-03-06** — Fundraise closed with refunding status
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## Product
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- Frontend live on devnet/mainnet at torch.market
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- 48/48 Kani proof harnesses for formal verification
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- TorchSDK available on npm with ~4K downloads on Clawhub agent skill
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- Completed security audit
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- Open source repositories
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## Relationship to KB
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- [[futardio]] — launch platform
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- [[MetaDAO]] — futarchy governance infrastructure
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- Example of futarchy-governed fundraise failure despite technical completion |