PANews reported on March 11 that, according to SolanaFloor, token holders of the Solana ecosystem project Ranger Finance voted last week to liquidate the project through on-chain governance. This is a rare case where investors used on-chain governance mechanisms to dissolve the project and return funds to the treasury just two months after the token's launch.

The decision stemmed from a proposal submitted on March 3rd by a group of RNGR token holders, accusing the team of making material misrepresentations about the business prior to fundraising. The proposal was ultimately passed, removing 5,047,250 USDC from the Ranger treasury and liquidity pools, which will be distributed to RNGR token holders. Ranger initially launched its tokens using MetaDAO's futarchy governance system, a model designed to allow the market to guide governance decisions.