Merge pull request 'rio: extract claims from 2026-03-03-futardio-launch-salmon-wallet' (#819) from extract/2026-03-03-futardio-launch-salmon-wallet into main
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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 through futarchy-governed ICO"
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key_metrics:
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raise_target: "$375,000"
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total_committed: "$97,535"
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oversubscription_ratio: 0.26
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monthly_burn_rate: "$25,000"
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planned_runway: "12 months"
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token:
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name: "Salmon Token"
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ticker: "SAL"
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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 attempted to raise $375,000 through MetaDAO's futarchy platform for 12-month operational runway covering wallet development, security, infrastructure, and mobile app releases. Despite being an established project (active since 2022, listed on Solana wallet adapter, $122.5K prior funding), the raise attracted only $97,535 (26% of target) before refunding. First observed futarchy-governed wallet infrastructure project on the platform.
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## Market Data
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- **Outcome:** Failed (refunding)
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- **Raise Target:** $375,000
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- **Total Committed:** $97,535
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- **Oversubscription:** 0.26x
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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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## Use of Funds (Proposed)
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- **Team:** $18,300/month (73%)
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- **Infrastructure:** $4,200/month (17%)
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- **Growth & Ecosystem:** $2,000/month (8%)
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- **Governance, Legal & Contingency:** $500/month (2%)
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- **Total Monthly Burn:** $25,000
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- **Target Runway:** 12 months
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## Roadmap (Proposed)
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- Q2-2026: Android release, WebApp relaunch, signing flow optimization
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- Q3-2026: iOS TestFlight, staking integration, AI transaction security
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- Q4-2026: Custom notifications, portfolio view, Wallet-as-a-Service
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- Q1-2027: Cross-platform optimization, ecosystem integrations
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## Significance
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First empirical data point on futarchy adoption friction for operational software infrastructure versus pure capital allocation vehicles. The failed raise suggests futarchy mechanisms face challenges when applied to projects with ongoing operational complexity, team budgets, and multi-quarter development roadmaps. Despite technical credibility and operational history, the project could not achieve minimum viable liquidity in the futarchy market.
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## Relationship to KB
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- [[salmon-wallet]] — parent entity
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- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — empirical confirmation
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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]] — platform scope expansion test
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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]] — included traditional operational structures
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37
entities/internet-finance/salmon-wallet.md
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37
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_people:
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- role: team
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name: undisclosed
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key_metrics:
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prior_funding: "$122,500"
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bootstrap_funding: "$80,000"
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grants_received: "$42,500"
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futarchy_raise_target: "$375,000"
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futarchy_raise_actual: "$97,535"
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monthly_burn_rate: "$25,000"
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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 MetaDAO platform in March 2026 seeking $375K for 12-month operational runway, raising only $97,535 before refunding. Operates own Solana validator for transparent revenue. Governance via SAL token using futarchy model.
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## Timeline
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- **2022** — Project founded, listed on Solana wallet adapter, 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** — [[salmon-wallet-futardio-fundraise]] launched on futard.io seeking $375K
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- **2026-03-04** — Fundraise closed with $97,535 raised (26% of target), status: Refunding
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## Relationship to KB
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- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — empirical case of adoption friction for operational software
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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-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] — included traditional operational structures 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: ["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"]
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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 extracted — all insights enrich existing claims about MetaDAO scope expansion, adoption barriers, and operational governance challenges. Created entity pages for Salmon Wallet and the decision market, updated Futardio timeline."
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---
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## Launch Details
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@ -215,3 +220,13 @@ 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 + $42.5K grants (Serum $2.5K, Eclipse $40K)
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- Futarchy raise: $97,535/$375,000 (26% of target) before refunding
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- Proposed burn rate: $25K/month for 12-month runway
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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 revenue
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