From 84e70f63d143395a9493e0c72849dc1c8f853803 Mon Sep 17 00:00:00 2001 From: Teleo Agents Date: Thu, 12 Mar 2026 08:49:02 +0000 Subject: [PATCH] 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 --- ...t platform for ownership coins at scale.md | 6 ++ ...l complexity and liquidity requirements.md | 6 ++ ...erational security and legal compliance.md | 6 ++ entities/internet-finance/futardio.md | 1 + .../salmon-wallet-futardio-fundraise.md | 55 +++++++++++++++++++ entities/internet-finance/salmon-wallet.md | 35 ++++++++++++ ...026-03-03-futardio-launch-salmon-wallet.md | 18 +++++- 7 files changed, 126 insertions(+), 1 deletion(-) create mode 100644 entities/internet-finance/salmon-wallet-futardio-fundraise.md create mode 100644 entities/internet-finance/salmon-wallet.md diff --git a/domains/internet-finance/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 b/domains/internet-finance/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 index af4a788c..883587ef 100644 --- a/domains/internet-finance/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 +++ b/domains/internet-finance/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 @@ -82,6 +82,12 @@ Futardio cult launch (2026-03-03 to 2026-03-04) demonstrates MetaDAO's platform (challenge) Areal's failed Futardio launch ($11,654 raised of $50K target, REFUNDING status) demonstrates that futarchy-governed fundraising does not guarantee capital formation success. The mechanism provides credible exit guarantees through market-governed liquidation and governance quality through conditional markets, but market participants still evaluate project fundamentals and team credibility. Futarchy reduces rug risk but does not eliminate market skepticism of unproven business models or early-stage teams. + +### Additional Evidence (extend) +*Source: [[2026-03-03-futardio-launch-salmon-wallet]] | Added: 2026-03-12 | Extractor: anthropic/claude-sonnet-4.5* + +MetaDAO's platform scope now extends beyond pure capital allocation vehicles to operational software infrastructure. Salmon Wallet represents the first observed futarchy-governed wallet infrastructure project on the platform, attempting to raise $375K for 12-month runway with $25K monthly burn covering team ($18.3K/73%), infrastructure ($4.2K/17%), growth ($2K/8%), and governance/legal ($500/2%). The project proposed futarchy governance over product roadmap decisions, team compensation, and treasury management for an active software product with ongoing operational requirements including quarterly milestones for Android release, iOS TestFlight, staking integration, AI-powered transaction security, and Wallet-as-a-Service. This expansion tests whether futarchy mechanisms can govern continuous operational software development, not just one-time capital deployment decisions. + --- Relevant Notes: diff --git a/domains/internet-finance/futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements.md b/domains/internet-finance/futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements.md index cea44c3f..67af665b 100644 --- a/domains/internet-finance/futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements.md +++ b/domains/internet-finance/futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements.md @@ -34,6 +34,12 @@ MycoRealms implementation reveals operational friction points: monthly $10,000 a Optimism futarchy achieved 430 active forecasters and 88.6% first-time governance participants by using play money, demonstrating that removing capital requirements can dramatically lower participation barriers. However, this came at the cost of prediction accuracy (8x overshoot on magnitude estimates), revealing a new friction: the play-money vs real-money tradeoff. Play money enables permissionless participation but sacrifices calibration; real money provides calibration but creates regulatory and capital barriers. This suggests futarchy adoption faces a structural dilemma between accessibility and accuracy that liquidity requirements alone don't capture. The tradeoff is not merely about quantity of liquidity but the fundamental difference between incentive structures that attract participants vs incentive structures that produce accurate predictions. + +### Additional Evidence (confirm) +*Source: [[2026-03-03-futardio-launch-salmon-wallet]] | Added: 2026-03-12 | Extractor: anthropic/claude-sonnet-4.5* + +Salmon Wallet's failed futarchy raise on MetaDAO demonstrates adoption friction in practice. The project raised only $97,535 of a $375,000 target (26% of goal) before refunding on 2026-03-04, one day after launch. This is a bootstrapped team with 4 years of operational history (since 2022), $122.5K in prior funding, existing Solana wallet adapter integration, and a functioning product with clear roadmap. The failure occurred despite MetaDAO's established platform infrastructure and Salmon's legitimate operational track record, suggesting futarchy governance creates meaningful friction even for credible projects with real products and transparent execution plans. + --- Relevant Notes: diff --git a/domains/internet-finance/futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance.md b/domains/internet-finance/futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance.md index d26c69bf..698dc781 100644 --- a/domains/internet-finance/futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance.md +++ b/domains/internet-finance/futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance.md @@ -37,6 +37,12 @@ The contrast with Ranger is instructive. Ranger's liquidation shows futarchy han - The subcommittee model introduces trusted roles that could recentralize power over time, undermining the trustless property that makes futarchy valuable - Since [[Ooki DAO proved that DAOs without legal wrappers face general partnership liability making entity structure a prerequisite for any futarchy-governed vehicle]], some of this scaffolding is legally required rather than a failure of market mechanisms + +### Additional Evidence (extend) +*Source: [[2026-03-03-futardio-launch-salmon-wallet]] | Added: 2026-03-12 | Extractor: anthropic/claude-sonnet-4.5* + +Salmon Wallet's proposed governance structure demonstrates the operational complexity futarchy must handle for software products. The $25K monthly burn breakdown shows 73% team costs, 17% infrastructure, 8% growth, and 2% governance/legal/contingency. The 12-month roadmap includes quarterly milestones requiring continuous execution decisions: Android/iOS releases, staking integration, AI-powered transaction security, custom notifications, portfolio views, and Wallet-as-a-Service. This operational cadence requires sustained decision-making beyond simple capital allocation—hiring, feature prioritization, security audits, partnership selection, and infrastructure maintenance. The failed raise (26% of target) suggests futarchy governance may create friction for projects requiring continuous operational decision-making versus one-time capital deployment, potentially forcing futarchy-governed projects toward traditional governance scaffolding for execution oversight. + --- Relevant Notes: diff --git a/entities/internet-finance/futardio.md b/entities/internet-finance/futardio.md index 3939e101..faf34e94 100644 --- a/entities/internet-finance/futardio.md +++ b/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]] failed: first wallet infrastructure project raised $97,535 of $375K target before refunding, demonstrating futarchy friction for operational software projects ## 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." 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..af75b0f6 --- /dev/null +++ b/entities/internet-finance/salmon-wallet-futardio-fundraise.md @@ -0,0 +1,55 @@ +--- +type: entity +entity_type: decision_market +name: "Salmon Wallet: Futardio Fundraise" +domain: internet-finance +status: failed +parent_entity: "[[futardio]]" +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 self-custodial wallet seeking $375K for 12-month operational runway through futarchy-governed raise" +key_metrics: + raise_target: "$375,000" + total_committed: "$97,535" + outcome: "refunding" + duration: "1 day" + token: "SAL (Salmon Token)" + monthly_burn: "$25,000" +tracked_by: rio +created: 2026-03-11 +--- + +# Salmon Wallet: Futardio Fundraise + +## Summary +Salmon Wallet launched a futarchy-governed fundraise on MetaDAO's Futardio platform seeking $375,000 for 12-month operational runway. The project raised only $97,535 (26% of target) before entering refunding status on 2026-03-04, one day after launch. This represents the first observed futarchy-governed wallet infrastructure project on the platform. + +## Market Data +- **Outcome:** Failed (refunding) +- **Raise Target:** $375,000 +- **Total Committed:** $97,535 (26% of goal) +- **Duration:** 1 day (launched 2026-03-03, closed 2026-03-04) +- **Token:** SAL (Salmon Token) +- **Launch Address:** Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF + +## Project Background +- Active since 2022 with $122.5K prior funding (80K bootstrap, 42.5K grants from Serum and Eclipse) +- Listed on Solana wallet adapter since 2022 +- Open-source self-custodial wallet supporting Solana and Bitcoin +- Operates own Solana validator for transparent revenue +- Proposed $25K monthly burn: 73% team, 17% infrastructure, 8% growth, 2% governance/legal + +## Significance +This failed raise provides empirical evidence of futarchy adoption friction for operational software projects versus pure capital allocation vehicles. Despite legitimate operational history, existing product, and established platform integration, the project failed to attract sufficient capital through futarchy governance. The failure occurred on an established platform (MetaDAO/Futardio) with a credible team, suggesting futarchy mechanisms create meaningful barriers even for non-speculative projects. + +The operational complexity—12-month roadmap with quarterly milestones for Android release, iOS TestFlight, staking integration, AI security features, and Wallet-as-a-Service—may have contributed to friction, as futarchy governance must handle continuous execution decisions beyond simple capital deployment. + +## Relationship to KB +- [[futardio]] - platform for launch +- [[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]] - scope expansion to operational software +- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] - operational complexity evidence \ 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..583fbe75 --- /dev/null +++ b/entities/internet-finance/salmon-wallet.md @@ -0,0 +1,35 @@ +--- +type: entity +entity_type: company +name: "Salmon Wallet" +domain: internet-finance +status: active +website: "https://salmonwallet.io/" +social: + twitter: "https://x.com/salmonwallet" + telegram: "https://t.me/salmon_wallet" + github: "https://github.com/salmon-wallet" +founded: 2022 +key_metrics: + bootstrap_funding: "$80,000 (2022)" + grant_funding: "$42,500 (Serum $2.5K, Eclipse $40K, 2022-2024)" + failed_futarchy_raise: "$97,535 of $375,000 target (2026-03-03)" +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 for Solana with Bitcoin support. The project operates its own Solana validator and has been listed on the Solana wallet adapter since 2022. The team attempted futarchy-governed fundraising through MetaDAO's Futardio platform in March 2026, raising $97,535 of a $375,000 target before refunding. + +## Timeline +- **2022** — Founded with $80K bootstrap funding; listed on Solana wallet adapter +- **2022-2024** — Received $42.5K in grants (Serum $2.5K, Eclipse $40K) +- **2026-03-03** — [[salmon-wallet-futardio-fundraise]] launched seeking $375K for 12-month runway +- **2026-03-04** — Fundraise closed in refunding status after raising $97,535 (26% of target) + +## Relationship to KB +- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] - empirical case study +- [[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]] - attempted platform expansion +- [[futardio]] - fundraising platform used \ 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..a5025350 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 extracted—all insights enrich existing claims about MetaDAO scope expansion, adoption barriers, and operational governance challenges. Created decision_market entity for the fundraise and company entity for Salmon Wallet given 4-year operational history and real capital raised." --- ## 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 launched futarchy raise 2026-03-03 seeking $375,000 +- Raised $97,535 (26% of target) before refunding 2026-03-04 +- Project active since 2022 with $122.5K prior funding +- Proposed $25K 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