931fdf4b2b
- 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>
32 lines
No EOL
1.4 KiB
Markdown
32 lines
No EOL
1.4 KiB
Markdown
---
|
|
type: entity
|
|
entity_type: company
|
|
name: "Manna Finance"
|
|
domain: internet-finance
|
|
status: failed
|
|
founded: 2026
|
|
headquarters: "Unknown"
|
|
key_people:
|
|
- role: "Founder"
|
|
name: "Unknown"
|
|
website: "https://manna.finance/"
|
|
social:
|
|
twitter: "https://x.com/MannaFinance"
|
|
tracked_by: rio
|
|
created: 2026-03-11
|
|
---
|
|
|
|
# Manna Finance
|
|
|
|
Manna Finance was a proposed zero-interest CDP (Collateralized Debt Position) protocol on Solana modeled after Liquity V1. The protocol would have allowed users to deposit SOL as collateral and mint solUSD stablecoin with only a one-time borrowing fee and no ongoing interest. The project attempted to raise $120,000 through Futardio but failed to meet its funding target, raising only $205 before entering refund status.
|
|
|
|
The protocol was designed with hard peg mechanisms (redemptions and liquidations via Stability Pool) and planned to implement MetaDAO futarchy governance from launch. The project never reached mainnet deployment.
|
|
|
|
## Timeline
|
|
- **2026-03-03** — [[manna-finance-futardio-fundraise]] launched on Futardio seeking $120K for 12-month runway
|
|
- **2026-03-04** — Fundraise closed with only $205 committed (0.17% of target), entered refunding status
|
|
|
|
## Relationship to KB
|
|
- [[futardio]] — fundraising platform used
|
|
- [[MetaDAO]] — planned governance mechanism
|
|
- Example of failed futarchy-governed fundraise in early-stage crypto capital formation |