Laso Finance just dropped on the MetaDAO futarchy launchpad and got oversubscribed 25.6x! The project falls right within the agentic commerce + stables bet we've now covered across $PAYAI, $DREAMS AND $BTX So let's dive in and see what this launch has in store for us: link to trade: https://t.co/WK8XWFmvVe learn more about the metaDAO raise here: https://t.co/GeW6QJjkfB wtf is Laso? > Its a no-KYC (the moat) stablecoin prepaid cards solution. Simply connect wallet, sign nonce, fund w/ USDC/USDT and you get a prepaid card spendable anywhere (online, Apple/Google Pay in-person), gift cards, bank transfers to debit, and all of this requires absolutely ZERO ID PROOF! > Per founder, from a compliance perspective, it follows the same regulatory structure as buying a Visa gift card w/ cash at Target! > They follow the FinCEN prepaid access final rule exemption (i.e. $1,000 max card load daily, and $10k per person per day spend limit), and manage AML via on-chain screening (Chainalysis + Webacy source-of-funds), not via ID upload > Their core positioning is "Privacy for humans, frictionless for agents" - so essentially two products rolled into one - privacy card for crypto natives (~96% volumes are here today), and self-issuing financial primitive for AI agents (~4% volume today) > The founder is Hunter Monk, Ex-Meta VR, built and sold LiberaX instant off-ramp in 2024, and has been running Laso now for ~3 yrs. Laso operates on a revenue-to token-treasury model > The cards biz earns the take rate i.e. revenue (currently ~4.8%) > the team takes a $50k/mo allowance first and what's left is captured by the treasury governed by token holders via futarchy governance through MetaDAO > the holders can choose what they please to do w/ this money via futarchy governance From an adoption perspective, MCGLive did an interview w/ the founder and here's some statements (couldn't verify onchain) I found: > The project has ~$750k in deposits, ~$35k in 30D rev w/ 28% MoM growth - this works to an annualized $420k ARR > Per laso's own stats dashboard, they've around 3.3k MAUs, ~$1M in total revenue, 7k txns in the last 30 days, and $746k in payment volume in the past 30 days The project looks decent, and has validation viz MetaDAO raise. I'd def. keep this on my WL. The chart is too early to show any meaningful levels but so far is on a downtrend so If I were to punt a bit, i'd wait for a clear level break before I make an entry Highly Speculative early stage bet on a young team (probably just the founder + 1 or 2 FT/PT employees so this is super duper early. NFA