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>
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@ -46,6 +46,7 @@ MetaDAO's token launch platform. Implements "unruggable ICOs" — permissionless
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- **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
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- **2026-03-04** — [[seekervault]] fundraise launched targeting $75,000, closed next day with only $1,186 (1.6% of target) in refunding status
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- **2026-03-03** — [[salmon-wallet-futardio-fundraise]] failed: first wallet infrastructure project raised $97,535 of $375K target before refunding, demonstrating adoption friction for operational software vs speculative assets
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## Competitive Position
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- **Unique mechanism**: Only launch platform with futarchy-governed accountability and treasury return guarantees
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- **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."
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---
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type: entity
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entity_type: decision_market
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name: "Salmon Wallet: Futardio Fundraise"
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domain: internet-finance
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status: failed
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parent_entity: "[[salmon-wallet]]"
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platform: "futardio"
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proposal_url: "https://www.futard.io/launch/Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF"
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proposal_date: 2026-03-03
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resolution_date: 2026-03-04
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category: "fundraise"
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summary: "Open-source wallet infrastructure project seeking $375K for 12-month runway failed to reach minimum target"
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raise_target: "$375,000"
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total_committed: "$97,535"
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token_ticker: "SAL"
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token_mint: "DDPW4sZT9GsSb2mSfY9Yi9EBZGnBQ2LvvJTXCpnLmeta"
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launch_address: "Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF"
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tracked_by: rio
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created: 2026-03-11
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---
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# Salmon Wallet: Futardio Fundraise
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## Summary
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Salmon Wallet, an established open-source wallet active since 2022, attempted to raise $375,000 through Futardio's futarchy-governed fundraise mechanism. Despite prior funding of $122.5K and being listed on Solana's wallet adapter, the raise failed to reach its minimum target, closing after one day with only $97,535 committed (26% of target). This represents the first observed futarchy-governed wallet infrastructure project on MetaDAO's platform.
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## Market Data
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- **Outcome:** Failed (Refunding)
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- **Target:** $375,000
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- **Raised:** $97,535 (26% of target)
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- **Duration:** 1 day (2026-03-03 to 2026-03-04)
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- **Token:** SAL (Salmon Token)
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- **Planned Use:** 12-month runway at $25K/month burn rate
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## Significance
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This failed raise provides empirical evidence of futarchy adoption friction for operational software projects versus pure capital allocation vehicles or speculative assets. Despite Salmon Wallet's established track record (4 years active, prior funding, wallet adapter listing), the futarchy governance model failed to attract sufficient capital for infrastructure development. The detailed operational plan (73% team, 17% infrastructure, 8% growth, 2% governance/legal) reveals tension between market-based governance and traditional operational requirements.
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## Relationship to KB
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- [[salmon-wallet]] — parent entity
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- [[futardio]] — platform
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- [[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]] — extends platform scope to infrastructure
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- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — empirical confirmation
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- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] — operational planning despite futarchy governance
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35
entities/internet-finance/salmon-wallet.md
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35
entities/internet-finance/salmon-wallet.md
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---
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type: entity
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entity_type: company
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name: Salmon Wallet
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domain: internet-finance
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status: active
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founded: 2022
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website: https://salmonwallet.io/
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github: https://github.com/salmon-wallet
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key_metrics:
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prior_funding: "$122,500 (bootstrap + grants)"
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futardio_raise_target: "$375,000"
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futardio_raise_actual: "$97,535"
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planned_monthly_burn: "$25,000"
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team_allocation: "73%"
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infrastructure_allocation: "17%"
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tracked_by: rio
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created: 2026-03-11
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---
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# Salmon Wallet
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Open-source, self-custodial cryptocurrency wallet built primarily on Solana with Bitcoin support. Active since 2022, listed on Solana wallet adapter. Attempted futarchy-governed fundraise on Futardio in March 2026 that failed to reach minimum target, demonstrating adoption friction for infrastructure projects using futarchy governance mechanisms.
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## Timeline
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- **2022** — Project founded, listed on Solana wallet adapter
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- **2022** — Received $80K bootstrap funding
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- **2022-2024** — Received $42.5K in grants (Serum: $2.5K, Eclipse: $40K)
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- **2026-03-03** — Launched futarchy-governed fundraise on Futardio seeking $375K
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- **2026-03-04** — Fundraise closed in refunding status after raising $97,535 (26% of target)
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## Relationship to KB
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- [[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
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- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — failed raise provides empirical evidence
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- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] — detailed operational planning despite futarchy governance
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@ -6,7 +6,7 @@ url: "https://www.futard.io/launch/Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF"
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date: 2026-03-03
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domain: internet-finance
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format: data
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status: unprocessed
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status: processed
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tags: [futardio, metadao, futarchy, solana]
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event_type: launch
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processed_by: rio
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@ -14,6 +14,11 @@ processed_date: 2026-03-11
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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"]
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extraction_model: "anthropic/claude-sonnet-4.5"
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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."
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processed_by: rio
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processed_date: 2026-03-11
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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"]
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extraction_model: "anthropic/claude-sonnet-4.5"
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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 a significant data point for futarchy adoption patterns."
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---
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## Launch Details
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@ -215,3 +220,14 @@ Secondary:
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- Launch address: Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF
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- Operates own Solana validator for transparent revenue
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- Listed on Solana wallet adapter since 2022
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## Key Facts
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- Salmon Wallet active since 2022, listed on Solana wallet adapter
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- Prior funding: $80K bootstrap (2022), $42.5K grants (Serum $2.5K, Eclipse $40K)
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- Futardio launch 2026-03-03: target $375K, raised $97,535 (26%)
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- Planned burn rate: $25K/month (73% team, 17% infrastructure, 8% growth, 2% governance/legal)
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- Token: SAL (Salmon Token), mint: DDPW4sZT9GsSb2mSfY9Yi9EBZGnBQ2LvvJTXCpnLmeta
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- Launch address: Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF
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- Operates own Solana validator for transparent revenue
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- Closed 2026-03-04 in refunding status
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