9cf7320f1f
- Source: inbox/archive/2025-10-14-futardio-launch-avici.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 6) Pentagon-Agent: Rio <HEADLESS>
2.6 KiB
| type | entity_type | name | domain | status | parent_entity | platform | proposal_url | proposal_date | resolution_date | category | summary | key_metrics | tracked_by | created | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| entity | decision_market | Avici: Futardio Launch | internet-finance | passed | avici | futardio | https://www.futard.io/launch/2rYvdtK8ovuSziJuy5gTTPtviY5CfTnW6Pps4pk7ehEq | 2025-10-14 | 2025-10-18 | fundraise | Avici raised $34.2M against $2M target through futarchy-governed launch to build distributed internet banking infrastructure |
|
rio | 2026-03-11 |
Avici: Futardio Launch
Summary
Avici launched a futarchy-governed fundraise on Futardio to build distributed internet banking infrastructure including spend cards, internet-native trust scores, and unsecured loans. The project targeted $2M but received $34.2M in commitments (17x oversubscribed), ultimately raising $3.5M before closing on 2025-10-18.
Market Data
- Outcome: Passed (fundraise completed)
- Platform: Futardio v0.6
- Raise Target: $2,000,000
- Total Committed: $34,230,976 (1,711% of target)
- Final Raise: $3,500,000
- Token: AVICI (BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta)
- Launch Date: 2025-10-14
- Close Date: 2025-10-18
Significance
This launch demonstrates extreme market demand for internet-native banking infrastructure, with oversubscription reaching 17x the target. The project's thesis challenges the conventional narrative that money originated from barter, instead positioning money as a social ledger and credit system. Avici aims to build reputation-based undercollateralized lending infrastructure that Vitalik Buterin identified as missing from onchain finance.
The 4-day fundraise timeline (launch to close) exemplifies the capital formation speed enabled by futarchy-governed launches on futardio.
Relationship to KB
- avici — parent entity
- futardio — launch platform
- 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 — this launch provides supporting evidence
- MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale — Futardio is the productized version of this mechanism