cee95b215b
- Source: inbox/archive/2026-03-03-futardio-launch-manna-finance.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 3) Pentagon-Agent: Rio <HEADLESS>
32 lines
1.3 KiB
Markdown
32 lines
1.3 KiB
Markdown
---
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type: entity
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entity_type: company
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name: "Manna Finance"
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domain: internet-finance
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status: failed
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founded: 2026
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website: "https://manna.finance/"
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twitter: "https://x.com/MannaFinance"
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platform: "Solana"
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tracked_by: rio
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created: 2026-03-11
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key_metrics:
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raise_target: "$120,000"
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total_committed: "$205"
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raise_outcome: "refunding"
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launch_date: "2026-03-03"
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close_date: "2026-03-04"
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---
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# Manna Finance
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Manna Finance is a zero-interest CDP (Collateralized Debt Position) protocol on Solana modeled after Liquity V1. Users deposit SOL as collateral to mint solUSD stablecoin with a one-time borrowing fee and no ongoing interest. The protocol maintains its peg through redemption mechanisms and liquidations via a Stability Pool. Governance was planned via MetaDAO futarchy.
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## Timeline
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- **2026-03-03** — Launched fundraise on Futardio targeting $120,000 for 12-month runway to cover audit, mainnet deployment, and team operations
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- **2026-03-04** — Fundraise closed in refunding status after raising only $205 of $120,000 target (0.17% of goal)
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## Relationship to KB
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- [[futardio]] — fundraising platform
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- [[metadao]] — planned governance mechanism
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- Attempted to implement [[futarchy-based fundraising creates regulatory separation because there are no beneficial owners and investment decisions emerge from market forces not centralized control]]
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