This week's ownership coins briefing covers Syndicate's completed Backable raise, Rip Cars' approved $250K inventory transfer, Solomon's first USDv distribution, Areal Finance's rejected token mint, DualMint's completed $PLAY sale, and updates from Omnipair, Umbra, Laso, Predict, Basket and Avici.

Ownership Coin Market Snapshot

  • Total Ownership Coin Market Cap: $168.3M
  • Total Ownership Coin Treasury Value: $32.8M

Ownership coin financials, decision market and token data are sourced from 01Resolved.

Key Takeaways

  • Syndicate closed its Backable raise with $631.8K committed by 200 backers and $600K accepted.
  • Rip Cars holders approved a $250K inventory transfer.
  • Solomon completed the first USDv reward distribution at a 3.5% annualized rate.
  • DualMint's $PLAY raise closed with $284K committed from 134 participants.
  • Areal Finance rejected a team token allocation proposal.

Syndicate Raises $600K on Backable

Syndicate closed its Backable raise with $631.8K committed by 200 backers. The company accepted $600K, allocating $480K to the treasury and $120K to trading liquidity, while $31.8K was returned to backers.

Syndicate is a free-to-play mafia strategy game on Solana. Since launching on June 1, it has generated $295K in reported revenue. It has ~1.8K monthly active users and more than 800 daily players.

Rip Cars Owners Approve a $250K Inventory Transfer

Rip Cars holders approved RIPCARS-004, transferring $250K USDC from the DAO treasury to fund inventory purchases.

The decision market passed by ~14% against a -3% threshold on ~$9.4K of volume across 72 trades. About 67% of volume and 75% of traders were economically Pass-aligned.

In other news, Rip Cars' final $450K of OTC proceeds has officially reached the treasury, bringing the total OTC raised amount to $925K.

Rip Cars' financials on 01Resolved show $878K in total NAV against a $40K monthly spending limit, roughly 18 to 22 months of runway, and CARS trading at an estimated ~314% premium to NAV (AS).

Solomon Completes the First USDv Distribution

Solomon has completed the first USDv reward distribution at a 3.5% annualized rate.

Solomon also opened DP-00005, Productive Liquidity. The proposal would move 20%, or roughly $700K, of the DAO's SOLO/USDC FutarchyAMM position into a Raydium SOLO/USDv pool. The remaining 80% stays in FutarchyAMM, and any further migration requires another proposal.

The market is passing by ~10% against a -3% threshold on ~$47K of volume across 208 trades. About 55% of volume is economically Pass-aligned, while traders are split evenly.

Solomon's financials on 01Resolved show $5.4M in total NAV against a $100K monthly spending limit, roughly 24 to 54 months of runway, and SOLO trading at an estimated ~24% premium to NAV (AS).

DualMint's $PLAY Sale Closes With $284K Committed

DualMint's $PLAY sale closed with $284K committed from 134 participants, reaching 125% of its $227.5K target. $PLAY is now trading live, with participants able to claim their allocations and excess funds.

The round accepted $227.5K, leaving roughly $56.5K of excess commitments claimable by participants.

$PLAY represents a 20% economic interest in a fleet of 200 arcade claw machines. The raise allocates $200K to the machines, $20K to a Meteora liquidity pool and $7.5K to company formation, with Bedrock providing the legal and holder-protection structure.

The structure targets a 12% to 15% annual net yield, starting at 12%, with monthly USDC distributions funded by the machines' operating cash flow after a 10% cash flow fee. Actual distributions will depend on performance.

Areal Finance Rejects a Team Token Allocation

Areal Finance decision market traders rejected Areal's proposal ARL-001: Foundation. The proposal sought to mint 74.2M ARL, increasing total supply from 25.8M to just under 100M before permanently revoking mint authority.

The market rejected the proposal by ~10% against a +3% threshold on ~$5.6K of volume across 97 trades. About 53% of volume was economically Fail-aligned, while traders were split evenly.

Areal has since opened Early Participant Rewards and RWT Retirement. The proposal would mint 5M ARL to fulfill early-participant rewards and retire RWT, with eligible holders receiving 200 ARL per RWT or 2,000 ARL per stRWT through 24-month Streamflow vesting.

The market is failing by ~7% against a -3% threshold on ~$110 of volume across eight trades. About 87% of volume and 67% of traders are economically Fail-aligned.

Areal Finance's financials on 01Resolved show $4.5K in total NAV against a $1.7K monthly spending limit, roughly 1 to 3 months of runway, and ARL trading at an estimated ~341% premium to NAV (AS).

Other Ownership Coin Updates