extract: 2026-02-22-futardio-launch-salmon-wallet

Pentagon-Agent: Ganymede <F99EBFA6-547B-4096-BEEA-1D59C3E4028A>

domains/internet-finance/futarchy-proposals-with-favorable-economics-can-fail-due-to-participation-friction-not-market-disagreement.md

@@ -67,6 +67,12 @@ Dean's List DAO fee structure proposal passed despite requiring traders to activ
 
 Dean's List DAO proposal passed with TWAP threshold requiring only 3% MCAP increase ($307,855 vs $298,889 baseline), suggesting the market viewed the fee increase as marginally positive but not strongly so. The conservative 3% threshold indicates either low participation or weak conviction despite clear revenue projections showing 20x fee increase.
 
+
+### Additional Evidence (extend)
+*Source: [[2026-02-22-futardio-launch-salmon-wallet]] | Added: 2026-03-16*
+
+Salmon Wallet's refunding status despite strong ideological positioning ('open code, open ownership, no tracking, no backdoors') suggests participation friction as a failure mode. The project explicitly aligned with MetaDAO's values ('a wallet built on radical transparency deserves a fundraise built on the same principles') but still failed to reach its funding threshold, indicating that value alignment alone is insufficient to overcome the activation energy required for futarchy participation.
+
 ---
 
 Relevant Notes:

inbox/archive/2026-02-22-futardio-launch-salmon-wallet.md

@@ -6,9 +6,13 @@ url: "https://www.futard.io/launch/4WnHCy8swMZ67B1DBDdx9WUag5RP4EYUvsvqi68VoyQR"
 date: 2026-02-22
 domain: internet-finance
 format: data
-status: unprocessed
+status: enrichment
 tags: [futardio, metadao, futarchy, solana]
 event_type: launch
+processed_by: rio
+processed_date: 2026-03-16
+enrichments_applied: ["futarchy-proposals-with-favorable-economics-can-fail-due-to-participation-friction-not-market-disagreement.md"]
+extraction_model: "anthropic/claude-sonnet-4.5"
 ---
 
 ## Launch Details
@@ -77,3 +81,11 @@ This ICO is the ownership layer. Token holders become co-governors of Salmon's t
 - Token mint: `2LR1NTuTT4X9EX5sEQ34QfnBBxdFzsgQomL1FZXumeta`
 - Version: v0.7
 - Closed: 2026-02-23
+
+
+## Key Facts
+- Salmon Wallet has been building in public since 2022
+- Salmon Wallet futard.io launch targeted $350,000
+- Launch closed 2026-02-23 with 'Refunding' status
+- Salmon Wallet token symbol is 2LR
+- Launch used MetaDAO Autocrat v0.7