teleo-codex/decisions/internet-finance/git3-futardio-fundraise.md
m3taversal 1a31bc0f4d rio: Dean's List, ORE, coal full text + URL migration (75 files)
Changes that missed PR #1750 merge:

Dean's List (8 records):
- 6 full text backfills + 2 new (Treasury De-Risking, Liquidity Fee Structure)

ORE (4 records):
- 2 full text backfills + 2 new (USDC-ORE Boost, Sublinear Supply Function)

coal (4 records):
- 4 full text backfills

URL migration (75 files):
- All proposal_url fields migrated from dead futard.io to v1.metadao.fi
- Pattern: futard.io/proposal/{key} → v1.metadao.fi/{project}/trade/{key}
- futard.io returns 404; v1.metadao.fi returns 200

Pentagon-Agent: Rio <5551F5AF-0C5C-429F-8915-1FE74A00E019>
2026-03-24 14:58:28 +00:00

2.4 KiB

type entity_type name domain status parent_entity platform proposal_url proposal_date resolution_date category summary key_metrics tracked_by created
decision decision_market Git3: Futardio Fundraise internet-finance failed git3 futardio https://v1.metadao.fi/git3/trade/HKRDmghovXSCMobiRCZ7BBdHopEizyKmnhJKywjk3vUa 2026-03-05 2026-03-06 fundraise Git3 attempted to raise $100K through futarchy-governed launch for on-chain Git infrastructure
funding_target total_committed outcome token token_mint
$100,000 $28,266 refunding 6VT 6VTMeDtrtimh2988dhfYi2rMEDVdYzuHoSgERUmdmeta
rio 2026-03-11

Git3: Futardio Fundraise

Summary

Git3 launched a futarchy-governed fundraise on Futardio targeting $100,000 to build on-chain Git infrastructure with permanent storage on Irys blockchain. The project proposed bringing Git repositories on-chain as NFTs with x402 monetization, GitHub Actions integration, and AI agent interoperability. The raise achieved 28.3% of target ($28,266 committed) before entering refunding status after one day.

Market Data

  • Outcome: Failed (Refunding)
  • Funding Target: $100,000
  • Total Committed: $28,266 (28.3% of target)
  • Launch Date: 2026-03-05
  • Closed: 2026-03-06
  • Token: 6VT
  • Platform: Futardio v0.7

Significance

This represents a failed futarchy-governed fundraise for developer infrastructure, demonstrating that not all technically sound projects achieve funding targets through prediction markets. The 28.3% fill rate suggests either insufficient market validation of the code-as-asset thesis, limited awareness of the launch, or skepticism about the team's ability to execute the ambitious roadmap (12-month runway, three development phases, enterprise features).

The refunding outcome is notable because Git3 had a live MVP, clear technical architecture, and alignment with broader trends (on-chain code storage, AI agent infrastructure, x402 protocol). The failure suggests futarchy markets can filter projects even when fundamentals appear strong, potentially due to go-to-market concerns, competitive positioning (GitHub's dominance), or team credibility questions.

Relationship to KB

  • git3 — parent entity
  • futardio — fundraising platform
  • MetaDAO — futarchy infrastructure provider
  • Demonstrates futarchy-governed fundraise failure despite live MVP and technical merit