What's new
Allocation, Ownership Score, reserved funds, the name, and the $15 draft fee.
5 min read · Updated Sep 2026
On this page
This page is the changelog for the September 2026 cutover. It covers the name, the allocation rules, Ownership Score, reserved fund addresses, and the founder draft fee. The mechanism pages linked below stay the long-form home for each topic.
Why the name is Backable
Backable is the same permissionless raise product that started under the name Futardio. The name is the verb the product uses: back a company, back a raise, backers. Older links, tweets, and program logs may still say Futardio. They point here.
How allocation is decided now
mechanism as of September 2026
Everyone still pays the same price per token. When a raise is oversubscribed, the share you keep is no longer only a function of how long your money sat in escrow. Time-weighted preference is still the base. An early-fill boost still rewards money that arrived while the pool was empty. Ownership Score is now a third weighting on top of those two.
Approved fund addresses are taken out before that scoring runs. Their commits are reserved, so the pool everyone else competes over is smaller than the headline committed total.
The commit estimates on a raise page do not include the score weighting. Treat them as today's demand, then read and the reserved-fund list on that page before you confirm.
What the weights change
The table uses the same four backers under each rule. Time-weighting is the first column. Boost is added next. Ownership Score is the last column, the rule that is new.
The same raise under each rule
A $100,000 goal, $300,000 committed, 4 hours. Ana and Ben both put in $20,000 at the open. Boost is 10× while the pool is under 3× the goal, measured an hour after each commit. Ana's score is 2.0× the average; Ben's is 0.5×.
| Backer | When | Score | Time | Time + boost | Time + boost + score |
|---|---|---|---|---|---|
| Ana$20,000 | Open | 2.0x | $19,512 | $20,000 | $20,000 |
| Ben$20,000 | Open | 0.5x | $19,512 | $20,000 | $13,229 |
| Cam$80,000 | Hour 2 | 1.0x | $39,024 | $43,492 | $41,247 |
| Dee$180,000 | Hour 3:30 | 1.0x | $21,951 | $16,508 | $25,524 |
Ana and Ben committed the same amount at the same second. They stay even until score is applied. Ben's 0.5× then cuts his fill from $20,000 to $13,229, and that slack moves to the other wallets. A low score does not lock you out. It changes how much of your commit converts.
Ownership Score
Ownership Score is a single number on a Solana wallet. It rises with the dollar value of MetaDAO ownership tokens you hold and decays 1% a day. When a raise is oversubscribed, part of the round is allocated by score using a water-filling rule: twice the score can take up to twice that slice, never more than you committed.
It is not a credit score and not a judgement about you. It measures dollars of ownership held, over time. The formula, eligible tokens, and tiers live on the Ownership Score page.
Approved fund addresses
MetaDAO keeps a public list of fund wallets cleared for a reserved allocation. A wallet gets on that list by booking a time.
On a raise, a listed wallet is reserved once it has committed. The page shows that commit next to the address, so you can see what is already set aside. An approved wallet with no commit on this raise is not reserved yet. If $80,000 is reserved against a $240,000 goal, the remaining $160,000 is what the scored pool can still fill.
A fund that wants a wallet reserved books a time on MetaDAO. That is how an address gets on the approved list. Open the calendar.
Founder setup and the draft fee
Creating a saved draft now costs $15 in USDC. The previous fee was 0.5 SOL, which moved with the market. A dollar price is the anti-spam cost; it does not buy review, and it is not refunded if the raise misses.
The create flow is still six chapters: company, raise, pitch, controls, legal, review. Entity formation still happens before submit. MetaLeX files the Cayman company and charges no separate formation fee. What changed is the payment asset and the setup steps around it, including how the business entity is named and paid for inside the wizard.
- The fee is $15 in USDC, charged when you create a saved draft, not a second time at submit.
- Formation is required before submit. It is not a later optional step.