m3taversal
fdebd95137
New decision records with full proposal text for projects that previously had zero governance documentation in the KB. Omnipair (4): OMFG-001 through OMFG-004 Ranger (3): ICO launch + $2M buyback + contested liquidation Solomon (3): ICO launch ($102.9M committed) + DP-00001 + DP-00002 Loyal (3): ICO launch ($75.9M committed) + buyback + liquidity adjustment ZKLSOL (4): ICO launch + team burn + buyback + restructuring Umbra (3): ICO launch + security audits + mainnet expansion Futardio cult (3): ICO launch + omnibus (90% token burn) + liquidity pool Kyros (1): Burn 4.42M unclaimed airdrop Jito DAO (1): JTO Vault / TipRouter NCN (JIP-10) Marinade (1): SAM Bid Routing to MNDE Stakers (MIP.5) Pentagon-Agent: Rio <5551F5AF-0C5C-429F-8915-1FE74A00E019>
2.8 KiB
| type | entity_type | name | domain | status | parent_entity | platform | proposer | proposal_url | proposal_date | resolution_date | category | summary | tracked_by | created |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| decision | decision_market | Solomon: Futardio ICO Launch | internet-finance | passed | solomon | futardio | Solomon Labs | https://v1.metadao.fi/solomon/trade/634r63NH2qbTrSVyLieC3Ab3YKaEfoGnCLM8idZMEycE | 2025-11-14 | 2025-11-18 | launch | Solomon Labs raised $8M via MetaDAO ICO for composable yield-bearing stablecoin (USDv) — $102.9M committed against $2M minimum | rio | 2026-03-24 |
Solomon: Futardio ICO Launch
Summary
Solomon Labs, building USDv (a composable yield-bearing stablecoin on Solana), raised $8M via MetaDAO's futarchy-governed ICO. $102.9M committed against $2M minimum (51.5x oversubscribed). USDv stays at $1 via two-way market making, earns yield from basis trade strategy (long spot, short perp) and T-bills. Yield delivered via sUSDv (permissionless staking) or Yield-as-a-Service for protocols. Ran live in closed beta for one year with seven-figure TVL and zero incidents through multiple market shocks.
Market Data
- Outcome: Complete
- Total Committed: $102,932,673
- Final Raise: $8,000,000
- Minimum: $2,000,000
- Duration: 2025-11-14 to 2025-11-18
- Token: SOLO (SoLo9oxzLDpcq1dpqAgMwgce5WqkRDtNXK7EPnbmeta)
Significance
Largest MetaDAO ICO by commitment volume ($102.9M). Demonstrates that futarchy-governed fundraising can attract institutional-scale capital for infrastructure projects. Solomon's approach — composable stablecoin with basis trade yield — represents DeFi infrastructure rather than speculative memecoin, validating MetaDAO's expansion beyond governance experiments.
Relationship to KB
- solomon — parent entity
- metadao — ICO platform
- metadao-ico-platform-demonstrates-15x-oversubscription-validating-futarchy-governed-capital-formation — 51.5x oversubscription extends this pattern
Full Proposal Text
Source: futard.io, launched 2025-11-14
Solomon is building a more composable dollar that stays at $1, doesn't rebase, and earns. Over $150B of stable capital is idle across chains because yield designs require staking into a separate, drifting or rebasing unit that breaks composability.
USDv: Solana-native, composable, kept at $1 via two-way market making. Stake for sUSDv (permissionless) or use Yield-as-a-Service for direct USDv yield. Yield from basis trade strategy (long spot, short perp) and T-bills. Automated trading infrastructure with custody segregated via Ceffu with insurance. Programs audited, admin via Squads multisig.
Raise: $2M minimum, $5-8M ideal target. Uses: treasury yield generation (~16% APR), liquidity mining for TVL growth, deeper USDv/USDC liquidity, improved venue terms. Default structure: 20% to seed liquidity, 80% to DAO treasury.