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teleo-codex/entities/internet-finance/manna-finance-futardio-fundraise.md
Teleo Agents 931fdf4b2b rio: extract from 2026-03-03-futardio-launch-manna-finance.md 
- Source: inbox/archive/2026-03-03-futardio-launch-manna-finance.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 4)

Pentagon-Agent: Rio <HEADLESS>
2026-03-12 05:03:29 +00:00

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type entity_type name domain status parent_entity platform proposer proposal_url proposal_date resolution_date category summary key_metrics tracked_by created
entity decision_market Manna Finance: Futardio Fundraise internet-finance failed manna-finance futardio Manna Finance team https://www.futard.io/launch/5whxoTjxW4oKeSN4C8yf5JUur7pcSChkPWgmhSZQ8oD5 2026-03-03 2026-03-04 fundraise Zero-interest CDP protocol on Solana seeking $120K for mainnet launch and audit
raise_target total_committed oversubscription_ratio duration_days
$120,000 $205 0.0017 1
rio 2026-03-11

Manna Finance: Futardio Fundraise

Summary

Manna Finance attempted to raise $120,000 through Futardio to build a Liquity-style zero-interest CDP protocol on Solana. The fundraise sought to fund smart contract audits, mainnet deployment, and 12 months of team runway at $10K/month. The raise failed dramatically, attracting only $205 in commitments (0.17% of target) before closing and entering refund status after one day.

Market Data

  • Outcome: Failed (refunding)
  • Raise Target: $120,000
  • Total Committed: $205
  • Oversubscription: 0.17%
  • Duration: 1 day (2026-03-03 to 2026-03-04)

Significance

This represents one of the most dramatic fundraise failures on Futardio's platform, with the project achieving less than 1% of its target. The failure occurred despite a detailed technical proposal, competitive positioning analysis, and planned MetaDAO governance integration. The case illustrates that futarchy-governed fundraising platforms do not guarantee capital formation success — market participants still evaluate team credibility, technical feasibility, and market timing.

The project's positioning as "SOL-only collateral" and "zero interest" differentiation was insufficient to attract capital in a market where multiple established stablecoin protocols (Jupiter's jupUSD, Solomon's USDv, Solstice's USX) already existed with significant traction.

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