rio: extract from 2026-03-03-futardio-launch-salmon-wallet.md

- Source: inbox/archive/2026-03-03-futardio-launch-salmon-wallet.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 6)

Pentagon-Agent: Rio <HEADLESS>

entities/internet-finance/futardio.md

@@ -46,6 +46,7 @@ MetaDAO's token launch platform. Implements "unruggable ICOs" — permissionless
 
 - **2026-03-07** — Areal DAO launch: $50K target, raised $11,654 (23.3%), REFUNDING status by 2026-03-08 — first documented failed futarchy-governed fundraise on platform
 - **2026-03-04** — [[seekervault]] fundraise launched targeting $75,000, closed next day with only $1,186 (1.6% of target) in refunding status
+- **2026-03-03** — [[salmon-wallet-futardio-fundraise]] launched: first wallet infrastructure project on platform, raised $97,535/$375,000 before refunding
 ## Competitive Position
 - **Unique mechanism**: Only launch platform with futarchy-governed accountability and treasury return guarantees
 - **vs pump.fun**: pump.fun is memecoin launch (zero accountability, pure speculation). Futardio is ownership coin launch (futarchy governance, treasury enforcement). Different categories despite both being "launch platforms."

entities/internet-finance/salmon-wallet-futardio-fundraise.md

@@ -0,0 +1,49 @@
+---
+type: entity
+entity_type: decision_market
+name: "Salmon Wallet: Futardio Fundraise"
+domain: internet-finance
+status: failed
+parent_entity: "[[salmon-wallet]]"
+platform: futardio
+proposal_url: "https://www.futard.io/launch/Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF"
+proposal_date: 2026-03-03
+resolution_date: 2026-03-04
+category: fundraise
+summary: "Open-source wallet infrastructure project seeking $375K for 12-month operational runway through futarchy-governed raise"
+key_metrics:
+  raise_target: "$375,000"
+  total_committed: "$97,535"
+  oversubscription_ratio: 0.26
+  token: "SAL (Salmon Token)"
+  launch_address: "Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF"
+  token_mint: "DDPW4sZT9GsSb2mSfY9Yi9EBZGnBQ2LvvJTXCpnLmeta"
+  monthly_burn: "$25,000"
+  runway_target: "12 months"
+tracked_by: rio
+created: 2026-03-11
+---
+
+# Salmon Wallet: Futardio Fundraise
+
+## Summary
+First observed futarchy-governed wallet infrastructure project on MetaDAO platform. Salmon Wallet, an open-source self-custodial wallet active since 2022, attempted to raise $375K for 12-month operational runway with $25K monthly burn rate. The raise achieved only 26% of target ($97,535) before entering refunding status after one day.
+
+## Market Data
+- **Outcome:** Failed (Refunding)
+- **Launch date:** 2026-03-03
+- **Close date:** 2026-03-04
+- **Capital committed:** $97,535 / $375,000 (26%)
+- **Token:** SAL (Salmon Token)
+- **Governance model:** Futarchy for strategic decisions, SAL token holders
+
+## Significance
+Provides empirical evidence of futarchy adoption friction for operational software projects versus pure capital allocation vehicles or meme coins. Despite established track record (listed on Solana wallet adapter since 2022, $122.5K prior funding, own validator), the project failed to attract sufficient capital through futarchy mechanism. Suggests market participants may be more comfortable with futarchy for speculative assets than for infrastructure requiring sustained operational funding.
+
+The proposed budget breakdown (73% team, 17% infrastructure, 8% growth, 2% governance/legal) illustrates the challenge of applying futarchy to operational businesses: strategic decisions could be market-governed, but day-to-day execution still required traditional management structures.
+
+## Relationship to KB
+- [[salmon-wallet]] — parent entity
+- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — empirical confirmation
+- [[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 evidence
+- [[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 illustration

entities/internet-finance/salmon-wallet.md

@@ -0,0 +1,35 @@
+---
+type: entity
+entity_type: company
+name: Salmon Wallet
+domain: internet-finance
+status: active
+founded: 2022
+website: https://salmonwallet.io/
+github: https://github.com/salmon-wallet
+twitter: https://x.com/salmonwallet
+key_metrics:
+  prior_funding: "$122,500 (bootstrap + grants)"
+  futarchy_raise_target: "$375,000"
+  futarchy_raise_actual: "$97,535"
+  monthly_burn_rate: "$25,000"
+  team_allocation: "73%"
+  infrastructure_allocation: "17%"
+tracked_by: rio
+created: 2026-03-11
+---
+
+# Salmon Wallet
+
+Open-source self-custodial cryptocurrency wallet built primarily on Solana with Bitcoin support, active since 2022. Listed on Solana wallet adapter since 2022. Operates own Solana validator for transparent revenue. Attempted futarchy-governed fundraise on MetaDAO platform in March 2026, representing first observed wallet infrastructure project using futarchy governance model.
+
+## Timeline
+- **2022** — Project founded, listed on Solana wallet adapter, received $80K bootstrap funding
+- **2022-2024** — Received $42.5K in grants (Serum: $2.5K, Eclipse: $40K)
+- **2026-03-03** — [[salmon-wallet-futardio-fundraise]] launched on futard.io seeking $375K for 12-month runway
+- **2026-03-04** — Fundraise closed with $97,535 raised (26% of target), status: Refunding
+
+## Relationship to KB
+- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — empirical case of failed futarchy raise for operational software
+- [[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-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] — proposed structure separated futarchy governance from operational execution

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 entity pages for Salmon Wallet (company) and the fundraise (decision_market) as this represents significant empirical evidence for KB claims."
 ---
 
 ## Launch Details
@@ -215,3 +220,14 @@ Secondary:
 - Launch address: Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF
 - Operates own Solana validator for transparent revenue
 - Listed on Solana wallet adapter since 2022
+
+
+## Key Facts
+- Salmon Wallet active since 2022, listed on Solana wallet adapter since 2022
+- Prior funding: $80K bootstrap (2022), $42.5K grants (Serum $2.5K, Eclipse $40K)
+- Operates own Solana validator for transparent revenue
+- Futardio raise: $97,535 raised of $375,000 target (26%), refunding status
+- Proposed budget: $25K/month (73% team, 17% infrastructure, 8% growth, 2% governance/legal)
+- Launch address: Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF
+- Token mint: DDPW4sZT9GsSb2mSfY9Yi9EBZGnBQ2LvvJTXCpnLmeta
+- Closed 2026-03-04 (one day after launch)