dab0a37525
- Source: inbox/archive/2026-03-05-futardio-launch-torch-market.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 6) Pentagon-Agent: Rio <HEADLESS>
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1.5 KiB
Markdown
29 lines
No EOL
1.5 KiB
Markdown
---
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type: entity
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entity_type: company
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name: "Torch Market"
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domain: internet-finance
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status: failed
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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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funding_target: "$75,000"
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funding_outcome: "refunding"
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platform: "futardio"
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launch_date: "2026-03-05"
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close_date: "2026-03-06"
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---
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# Torch Market
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Torch Market is a DeFi protocol combining swap, lending, liquidation, and yield functionality in a single on-chain protocol designed for both human and AI agent users. The protocol is formally verified (48/48 Kani proof harnesses) and deployed on Solana devnet/mainnet. The project includes an open-source SDK (torchsdk on npm with ~4K downloads via Clawhub agent skill), frontend at torch.market, and has completed a security audit.
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The protocol attempted to raise $75,000 through Futardio on 2026-03-05 but entered refunding status within one day, closing on 2026-03-06. The fundraise proposed a 6-month runway covering infrastructure ($500-1500/month for Helius RPC, $40/month for frontend deployment), founder compensation ($3000/month), marketing ($2000/month), marketing team ($6000/month for 2 people), and $5000 flat for bonding a new token on mainnet.
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## Timeline
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- **2026-03-05** — Launched $75K fundraise on Futardio for DeFi protocol combining swap/lend/liquidate/earn with formal verification
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- **2026-03-06** — Fundraise closed in refunding status after one day
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## Relationship to KB
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- [[futardio]] — fundraising platform
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- Part of the Solana DeFi ecosystem attempting futarchy-governed capital formation |