teleo-codex/entities/internet-finance/umbra.md
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- Domain: internet-finance
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# Umbra (UMBRA)
**Type:** Project
**Platform:** MetaDAO
**Status:** Liquidated
**Token:** UMBRA
## Overview
Umbra was the third project to raise capital through MetaDAO's permissioned launch mechanism, following mtnCapital and Avici.
## Timeline
- **[Date Unknown]** — Third permissioned launch on MetaDAO
- **[Date Unknown]** — Liquidated
## Notes
Umbra's liquidation, along with mtnCapital's, demonstrates the futarchy-governed liquidation mechanism in practice during MetaDAO's early experimental phase.