MetaDao big pump 10 times, what other projects are worth participating in?

On October 12, the launchpad MetaDao on the Solana chain launched its new round of ICO projects, namely AVICI, LOYAL, ZKSOL, and PAYSTREAM. Just a week prior, while the BSC chain was engulfed in a meme coin frenzy, the popularity of MetaDAO continued to rise within the Solana ecosystem. Its platform token META rose more than 3 times during the National Day holiday, becoming one of the most outstanding assets on Solana. The ICO project UMBRA, which launched on October 6, skyrocketed from a pre-sale price of $0.3 to $2.1, achieving a return rate of up to 700%.

This series of data not only reflects the strong blood-making ability of MetaDAO as an "on-chain fundraising engine," but also indicates that the speculative enthusiasm of the Solana ecosystem is fully returning. MetaDAO may become the core narrative of the next phase of the Solana ecosystem.

From "Voting" to "Betting": MetaDAO's Market-oriented Governance Experiment

The operation of MetaDAO is completely different from previous launchpads or ICO platforms. Its logic is simple: let the market decide the fate of the project.

When a project initiates fundraising on MetaDAO, all the USDC raised does not directly go into the team’s account, but instead enters an on-chain treasury governed by the market. If the team wants to use the funds, issue additional tokens, modify parameters, or even adjust the product direction, they must submit a proposal, and whether the proposal can pass is determined not by votes, but by transactions — this is the core governance mechanism of MetaDAO, Futarchy.

This mechanism is similar to a prediction market, where investors are not "voting", but "betting". If they believe a certain proposal will increase the Token value, they buy into the "approve" market; if they think the proposal is harmful, they buy into the "reject" market. Ultimately, the market price itself will serve as the basis for judgment—the side that sees the value rise wins, and the proposal is executed. This design completely frees governance from the structure of "whoever has more votes decides", and ties every decision directly to the Token value.

This mechanism has two significant advantages.

First, it is to prevent the project team from "Rug". In the traditional ICO model, once the project team successfully raises funds, investors almost lose their checks and balances, and the funds can be misappropriated or disappear at any time. In MetaDAO, all USDC raised funds are held in an on-chain treasury, and any expenditure or Token minting must go through market game verification. If the project team exits or the market value falls below the book funds, anyone can initiate a proposal to redeem the funds. The governance logic no longer relies on "trusting the team", but on "trusting the mechanism".

Secondly, it binds incentives to long-term value. The ICO model of MetaDAO adopts a highly flexible and transparent issuance method. Investors receive tokens in proportion as they inject funds into the project, while the earnings of the founding team are locked in a "performance package" linked to price performance. The team will only unlock the corresponding proportion of incentives when the token price reaches 2x, 4x, 8x, 16x, and 32x sequentially; furthermore, all unlocks require an 18-month lock-up period and a 3-month time-weighted average price verification.

This means that only when the project continues to grow and the Token is truly recognized by the market can the team deliver returns. This structure of "delayed gratification" has redefined the boundary between short-term speculation and long-term development.

Which projects are worth paying attention to?

@UmbraPrivacy

UMBRA is a privacy protocol built on @ArciumHQ, and its goal is not simply "privacy trading" but rather to provide a compliant and auditable privacy infrastructure for the entire on-chain financial system. By constructing an auditable anonymous transfer system, UMBRA allows transactions to be verified on-chain while not exposing any key details, enabling privacy and trust to coexist. The governance of UMBRA is completely decentralized—fundraising, tokens, and treasury are all controlled by the community. The team and early supporters share a total of 13.5 million tokens, but they must be locked for 18 months before they can be gradually unlocked, with their returns linked to the performance of the tokens.

@AviciMoney

Avici is a new crypto bank built on Solana, aiming to create a user self-custodied, trustless global internet banking system. Users can activate a stablecoin Visa card within minutes, spending directly with crypto assets, and make deposits through virtual accounts. Avici also plans to launch on-chain credit scores, using zero-knowledge proofs to replace traditional credit assessments, allowing users to obtain fairer credit services while ensuring privacy. Currently, the platform has a consumption volume exceeding $1 million, a retention rate of 70%, and over 9,000 users. Avici will launch its ICO on October 14 at MetaDAO, issuing Ownership Coin.

@loyal_hq

Loyal is a decentralized intelligent reasoning protocol built on the Solana and MagicBlock infrastructure, aimed at reconstructing a privacy-centric and open-source intelligent network. It enables users to securely invoke AI models and engage in private conversations on-chain, with users' wallets generating a PDA (Program Derived Address) that is responsible for recording sessions and serving as a payment settlement node. AI reasoning fees are automatically allocated to computing nodes, developers, and the protocol itself, achieving a fully decentralized incentive loop. The project will launch its ICO on October 18 at MetaDAO, with a total issuance of 10 million tokens and a minimum fundraising target of 500,000 USD. 28% of the team's tokens will be locked for 18 months and will be unlocked in batches based on price multiples (2x, 4x, 8x, 16x, 32x).

@ZKLSOL

ZKLSOL is the first protocol on Solana that combines privacy protection with yield generation. Traditional mixers require funds to be locked for a long time to enhance anonymity, but this means assets are idle. ZKLSOL, on the other hand, is based on liquid staking, allowing the deposited SOL to earn yield while users still gain benefits during the waiting period for privacy mixing. In terms of the yield model, ZKLSOL's flywheel logic is clear: users deposit SOL → generate ZKLSOL → staking generates yield → pay a small fee during withdrawal and transfer → fees and yields are jointly injected into the reward pool, driving APY enhancement, attracting more depositors, and further enhancing anonymity depth and asset security. The project will launch its ICO on October 19 at MetaDAO, and all raised funds will be used for security audits, LP expansion, and compliance access.

@Paystreamlabs

Paystream is a DeFi lending protocol that combines peer-to-peer matching with liquidity aggregation, aiming to maximize the utilization efficiency of on-chain funds. It achieves efficient capital circulation and maximization of returns through a two-layer structure of P2P matching engine + Smart Liquidity Pool (LLP). At its core mechanism, Paystream's matching engine directly matches lenders and borrowers, ensuring both parties receive the best interest rates; when the market temporarily lacks matching, the system automatically routes idle funds to the underlying yield pool, allowing the funds to continue generating returns. The protocol's revenue mainly comes from two parts: first, the matching spread and the sharing of lending interest; second, the fees charged to users when borrowing, leveraging market making, or withdrawing funds. The project will launch its ICO on October 23 at MetaDAO.

Summary

Recently, the rise of MetaDAO is quite similar to the once-popular Believe ecosystem. The former reshapes fundraising tools with the "anti-rug" mechanism ICO, while the latter ignites funding sentiment in the form of a launchpad. Together, they have propelled Solana towards a consistent direction in the ICM (Internet Capital Market) ecosystem, gradually achieving a transformation from MEME to "sustainable speculation." Against the backdrop of popular tracks like privacy, payments, and AI making appearances in turn, MetaDAO may be becoming a key support for the revival of the Solana ecosystem.