teleo-codex/decisions/internet-finance/git3-futardio-fundraise.md
m3taversal e8016cf013 rio: batch 3c — full text for remaining 21 decision records
Completes full proposal text backfill for all non-MetaDAO decision records.

Futardio proposals (3):
- futardio-proposal-1 (test, Failed 2024-05-27)
- futardio-fund-rug-bounty-program (Passed 2024-06-14)
- futardio-approve-budget-pre-governance-hackathon (Passed 2024-08-30)

FutureDAO (1):
- futuredao-initiate-liquidity-farming-raydium (Passed 2024-11-08)

Dean's List/IslandDAO (1):
- islanddao-treasury-proposal (Passed 2024-10-10)

Futardio launches — successful (3):
- avici-futardio-launch ($34.2M committed, $3.5M raised, 2025-10-14)
- paystream-futardio-fundraise ($6.1M committed, $750K raised, 2025-10-23)
- superclaw-futardio-fundraise ($5.95M committed, 119x oversubscribed, 2026-03-04)

Futardio launches — failed (10):
- digifrens ($6.6K/200K, 2026-03-03)
- git3 ($28.3K/100K, 2026-03-05)
- hurupay ($2M/3M, 2026-02-03)
- insert-coin-labs ($2.5K/50K, 2026-03-05)
- island ($250/50K, 2026-03-04)
- manna-finance ($205/120K, 2026-03-03)
- runbookai ($3.6K/350K, 2026-03-05)
- salmon-wallet (refunding, 2026-02-22)
- seekervault ($2.1K/75K, 2026-03-04)
- versus ($5.3K/500K, 2026-03-03)

Other (3):
- mtncapital-wind-down (first futarchy liquidation, ~Sep 2025)
- test-dao-testing-indexer-changes (test, 2025-07-02)
- the-meme-is-real (test, 2026-03-03)

Pentagon-Agent: Rio <5551F5AF-0C5C-429F-8915-1FE74A00E019>
2026-03-24 15:24:31 +00:00

3.2 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

Full Proposal Text

Source: futard.io, launched 2026-03-05

Git3: Bringing Git on-chain for true ownership and x402 monetization, backed by Irys Chain.

Core Features: Git repositories stored on-chain as NFTs on Irys blockchain. Code ownership, censorship resistance, monetization through x402 protocol. GitHub Actions integration for seamless workflow. Agent interoperability via MCP.

Raise: Target $100,000. Total committed: $28,266 (28.3%). Status: Refunding. Closed 2026-03-06.

Revenue Model: Creator fees on NFT sales, protocol fees on x402 transactions, agent royalties. Monthly burn: ~$8,000. MVP live at git3.io.

Roadmap: Phase 1 (core infrastructure & GitHub integration), Phase 2 (NFT marketplace & x402 integration), Phase 3 (ecosystem expansion & $GIT3 token).