diff --git a/entities/internet-finance/salmon-wallet-futardio-fundraise.md b/entities/internet-finance/salmon-wallet-futardio-fundraise.md
new file mode 100644
index 00000000..7fe82444
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+++ b/entities/internet-finance/salmon-wallet-futardio-fundraise.md
@@ -0,0 +1,63 @@
+---
+type: entity
+entity_type: decision_market
+name: "Salmon Wallet: Futardio Fundraise"
+domain: internet-finance
+status: failed
+parent_entity: "[[salmon-wallet]]"
+platform: "futardio"
+proposer: "Salmon Wallet team"
+proposal_url: "https://www.futard.io/launch/Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF"
+proposal_date: 2026-03-03
+resolution_date: 2026-03-04
+category: "fundraise"
+summary: "Open-source wallet seeking $375K for 12-month operational runway through futarchy-governed raise"
+key_metrics:
+  raise_target: "$375,000"
+  total_committed: "$97,535"
+  achievement_rate: "26%"
+  token: "SAL (Salmon Token)"
+  monthly_burn: "$25,000"
+  runway_target: "12 months"
+tracked_by: rio
+created: 2026-03-11
+---
+
+# Salmon Wallet: Futardio Fundraise
+
+## Summary
+Salmon Wallet, an open-source self-custodial wallet active since 2022, attempted to raise $375,000 through MetaDAO's futarchy platform for 12-month operational runway. The raise attracted only $97,535 (26% of target) before entering refunding status, representing the first observed failed futarchy raise for an established operational software infrastructure project.
+
+## Market Data
+- **Outcome:** Failed (Refunding)
+- **Proposer:** Salmon Wallet team
+- **Launch:** 2026-03-03
+- **Closed:** 2026-03-04
+- **Target:** $375,000
+- **Raised:** $97,535 (26%)
+- **Token:** SAL (DDP on platform)
+- **Launch address:** Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF
+
+## Project Background
+- Active since 2022
+- Listed on Solana wallet adapter since 2022
+- Prior funding: $122.5K ($80K bootstrap, $2.5K Serum grant, $40K Eclipse grant)
+- Multi-chain support (Solana, Bitcoin)
+- Operates own Solana validator
+- Proposed $25K monthly burn rate
+
+## Proposed Use of Funds
+- Team: $18,300/month (73%)
+- Infrastructure: $4,200/month (17%)
+- Growth & Ecosystem: $2,000/month (8%)
+- Governance, Legal & Contingency: $500/month (2%)
+
+## Significance
+First observed futarchy-governed fundraise for operational wallet infrastructure on MetaDAO platform. The failure provides empirical evidence of futarchy adoption friction extending beyond pure capital allocation vehicles to operational software projects. Despite legitimate technical credentials and operational history, the project failed to attract sufficient capital through the futarchy mechanism, suggesting market participants may prefer traditional team-led governance for infrastructure software development.
+
+## Relationship to KB
+- [[salmon-wallet]] - parent entity
+- [[futardio]] - platform
+- [[MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale]] - platform scope expansion
+- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] - empirical confirmation
+- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] - operational governance challenge
\ No newline at end of file
diff --git a/entities/internet-finance/salmon-wallet.md b/entities/internet-finance/salmon-wallet.md
new file mode 100644
index 00000000..db2cc529
--- /dev/null
+++ b/entities/internet-finance/salmon-wallet.md
@@ -0,0 +1,36 @@
+---
+type: entity
+entity_type: company
+name: "Salmon Wallet"
+domain: internet-finance
+status: active
+founded: 2022
+website: "https://salmonwallet.io/"
+social:
+  twitter: "https://x.com/salmonwallet"
+  telegram: "https://t.me/salmon_wallet"
+  github: "https://github.com/salmon-wallet"
+key_metrics:
+  total_funding: "$122,500"
+  funding_sources: "Bootstrap ($80K), Serum grant ($2.5K), Eclipse grant ($40K)"
+  wallet_adapter_listing: "2022"
+  supported_chains: "Solana, Bitcoin"
+tracked_by: rio
+created: 2026-03-11
+---
+
+# Salmon Wallet
+
+## Overview
+Salmon Wallet is an open-source, self-custodial cryptocurrency wallet launched in 2022, primarily built on Solana with Bitcoin support. The project positions itself around transparency, user sovereignty, and community-first governance, operating its own Solana validator for network participation. Listed on the Solana wallet adapter since 2022, it has maintained continuous development through bootstrap funding and ecosystem grants.
+
+## Timeline
+- **2022** — Salmon Wallet launched; listed on Solana wallet adapter; received $2.5K Serum grant
+- **2022-2024** — Received $40K Eclipse grant; bootstrapped $80K in development funding
+- **2026-03-03** — [[salmon-wallet-futardio-fundraise]] launched on futard.io seeking $375K for 12-month runway
+- **2026-03-04** — Futarchy fundraise closed in refunding status after raising $97,535 (26% of target)
+
+## Relationship to KB
+- [[futardio]] - attempted fundraise platform
+- [[MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale]] - first wallet infrastructure project on platform
+- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] - empirical case study
\ No newline at end of file
diff --git a/inbox/archive/2026-03-03-futardio-launch-salmon-wallet.md b/inbox/archive/2026-03-03-futardio-launch-salmon-wallet.md
index 5b703394..b0564c1d 100644
--- a/inbox/archive/2026-03-03-futardio-launch-salmon-wallet.md
+++ b/inbox/archive/2026-03-03-futardio-launch-salmon-wallet.md
@@ -6,7 +6,7 @@ url: "https://www.futard.io/launch/Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF"
 date: 2026-03-03
 domain: internet-finance
 format: data
-status: unprocessed
+status: processed
 tags: [futardio, metadao, futarchy, solana]
 event_type: launch
 processed_by: rio
@@ -14,6 +14,11 @@ processed_date: 2026-03-11
 enrichments_applied: ["MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale.md", "futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements.md", "futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance.md"]
 extraction_model: "anthropic/claude-sonnet-4.5"
 extraction_notes: "First observed futarchy-governed wallet infrastructure project on MetaDAO platform. Failed raise provides empirical data on futarchy adoption friction for operational software vs pure capital allocation vehicles. Enriches existing claims about MetaDAO scope expansion, adoption barriers, and operational governance challenges."
+processed_by: rio
+processed_date: 2026-03-11
+enrichments_applied: ["futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements.md", "MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale.md", "futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance.md"]
+extraction_model: "anthropic/claude-sonnet-4.5"
+extraction_notes: "First observed futarchy-governed wallet infrastructure project on MetaDAO platform. Failed raise provides empirical data on futarchy adoption friction for operational software vs pure capital allocation vehicles. No new claims warranted - all insights enrich existing claims about MetaDAO scope expansion, adoption barriers, and operational governance challenges. Created decision_market entity for the fundraise proposal and company entity for Salmon Wallet as this is first mention in KB."
 ---
 
 ## Launch Details
@@ -215,3 +220,13 @@ Secondary:
 - Launch address: Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF
 - Operates own Solana validator for transparent revenue
 - Listed on Solana wallet adapter since 2022
+
+
+## Key Facts
+- Salmon Wallet launched futarchy raise 2026-03-03 seeking $375,000
+- Raise closed 2026-03-04 with $97,535 committed (26% of target)
+- Project active since 2022 with $122.5K prior funding
+- Proposed $25,000 monthly burn rate for 12-month runway
+- Token: SAL (Salmon Token), launch address: Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF
+- Listed on Solana wallet adapter since 2022
+- Operates own Solana validator