From eb2d93e34651fc3c7e421d3f86404814b3286a4b Mon Sep 17 00:00:00 2001 From: Teleo Agents Date: Thu, 12 Mar 2026 00:17:15 +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 7) 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 | 58 +++++++++++++++++++ entities/internet-finance/salmon-wallet.md | 34 +++++++++++ ...026-03-03-futardio-launch-salmon-wallet.md | 16 ++++- 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..35ff6f7e 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 demonstrably 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 $375,000 for 12-month operational runway with detailed budget breakdown: team ($18,300/mo, 73%), infrastructure ($4,200/mo, 17%), growth ($2,000/mo, 8%), governance/legal/contingency ($500/mo, 2%). The project proposed futarchy governance via SAL token for collective decision-making, positioning as 'truly unruggable project, secure against manipulation.' However, the raise failed (refunding status after raising only 26% of target), providing empirical data on platform adoption limits for operational software versus pure capital allocation vehicles. This extends the existing claim by showing MetaDAO's scope includes infrastructure projects but also reveals platform constraints in converting that scope into successful raises. + --- 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..f1347f1c 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 Futardio provides empirical evidence of adoption friction in operational software contexts. The project raised only $97,535 against a $375,000 target (26% of goal) before refunding on 2026-03-04, one day after launch. This is a mature project (active since 2022, listed on Solana wallet adapter since 2022, $122.5K prior funding from bootstrap and grants) with demonstrated product-market fit attempting futarchy governance for operational wallet infrastructure, not a speculative meme coin. The rapid failure suggests futarchy mechanisms face significant friction even for legitimate projects with established track records and clear operational use cases, supporting the hypothesis that adoption barriers extend beyond theoretical mechanism design to include practical friction from token price psychology, proposal complexity, and liquidity constraints. + --- 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..82fe8a3a 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 (confirm) +*Source: [[2026-03-03-futardio-launch-salmon-wallet]] | Added: 2026-03-12 | Extractor: anthropic/claude-sonnet-4.5* + +Salmon Wallet's budget structure reveals traditional operational scaffolding embedded within futarchy governance framework: explicit line items for team ($18,300/mo), infrastructure ($4,200/mo), growth ($2,000/mo), and notably governance/legal/contingency ($500/mo, 2% of budget). The project acknowledges legal and governance requirements as a distinct operational cost category, not subsumed within market mechanisms. Additionally, Salmon Wallet operates its own Solana validator 'ensuring transparent and verifiable income directly aligned with the ecosystem'—a traditional revenue-generating operational asset requiring ongoing management, infrastructure maintenance, and compliance oversight that extends beyond what conditional markets alone can govern. This confirms that even futarchy-governed projects with strong ideological commitment to market-based decision-making must layer traditional corporate governance structures for legal compliance, operational security, and revenue infrastructure. + --- Relevant Notes: diff --git a/entities/internet-finance/futardio.md b/entities/internet-finance/futardio.md index 3939e101..08556819 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]] launched seeking $375K for wallet infrastructure, failed after raising $97,535 (26% of target) ## 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..f5d9ca46 --- /dev/null +++ b/entities/internet-finance/salmon-wallet-futardio-fundraise.md @@ -0,0 +1,58 @@ +--- +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 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)" + token_mint: "DDPW4sZT9GsSb2mSfY9Yi9EBZGnBQ2LvvJTXCpnLmeta" + launch_address: "Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF" + monthly_burn: "$25,000" + planned_runway: "12 months" +tracked_by: rio +created: 2026-03-11 +--- + +# Salmon Wallet: Futardio Fundraise + +## Summary +Salmon Wallet, an open-source self-custodial wallet active since 2022, attempted to raise $375,000 through Futardio for 12-month operational runway. The raise failed after one day, achieving only 26% of target ($97,535) before entering refunding status. This represents the first observed futarchy-governed wallet infrastructure project on MetaDAO's platform, distinct from prior meme coin or pure capital allocation launches. + +## Market Data +- **Outcome:** Failed (Refunding) +- **Raise Target:** $375,000 +- **Total Committed:** $97,535 (26% of target) +- **Launch Date:** 2026-03-03 +- **Closed Date:** 2026-03-04 +- **Token:** SAL (Salmon Token) +- **Platform:** Futardio v0.7 + +## Budget Breakdown +- **Monthly Burn:** $25,000 +- Team: $18,300/mo (73%) +- Infrastructure: $4,200/mo (17%) +- Growth & Ecosystem: $2,000/mo (8%) +- Governance, Legal & Contingency: $500/mo (2%) + +## Significance +First empirical failure case for futarchy-governed operational software infrastructure (vs meme coins or investment vehicles). Project had legitimate credentials: 4 years operational history, listed on Solana wallet adapter since 2022, $122.5K prior funding, own validator operations. The 74% funding shortfall after one day suggests futarchy mechanisms face significant adoption friction even for established projects with real product-market fit, not just speculative launches. + +Provides concrete data point on [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] - a mature operational project with clear use case and budget failed to attract sufficient capital through futarchy governance model. + +## Relationship to KB +- [[salmon-wallet]] - parent entity +- [[futardio]] - launch platform +- [[metadao]] - governance mechanism provider +- Empirical evidence for [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] +- Budget structure demonstrates [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] diff --git a/entities/internet-finance/salmon-wallet.md b/entities/internet-finance/salmon-wallet.md new file mode 100644 index 00000000..c475425e --- /dev/null +++ b/entities/internet-finance/salmon-wallet.md @@ -0,0 +1,34 @@ +--- +type: entity +entity_type: company +name: Salmon Wallet +domain: internet-finance +status: active +founded: 2022 +platform: Solana, Bitcoin +key_metrics: + prior_funding: "$122,500 (80K bootstrap, 2.5K Serum grant, 40K Eclipse grant)" + futardio_raise_target: "$375,000" + futardio_raise_actual: "$97,535" + monthly_burn: "$25,000" + wallet_adapter_listed: "2022" +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. Attempted futarchy-governed fundraise via Futardio in March 2026, raising $97,535 against $375,000 target before refunding. Operates own Solana validator for transparent revenue. Positions as community-governed alternative to corporate wallets with SAL token enabling futarchy-based collective decision-making. + +## Timeline +- **2022** — Salmon Wallet founded, listed on Solana wallet adapter +- **2022** — Received $80,000 bootstrap funding +- **2022-2024** — Received $42,500 in grants (Serum: $2,500, Eclipse: $40,000) +- **2026-03-03** — [[salmon-wallet-futardio-fundraise]] launched on Futardio seeking $375,000 +- **2026-03-04** — Futardio raise closed with refunding status after raising $97,535 (26% of target) + +## Relationship to KB +- First observed futarchy-governed wallet infrastructure project +- Failed raise provides empirical data on [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] +- Budget structure demonstrates [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] +- Launched on [[futardio]] platform, governed by [[metadao]] mechanisms 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..2b3964cf 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 novel claims - all insights enrich existing claims about MetaDAO scope expansion, adoption barriers, and operational governance challenges. Created two new entities: Salmon Wallet (company) and the fundraise decision market." --- ## Launch Details @@ -215,3 +220,12 @@ 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), $2.5K Serum grant, $40K Eclipse grant +- Futardio raise: $97,535 raised of $375,000 target (26%), refunded 2026-03-04 +- Planned monthly burn: $25,000 (73% team, 17% infrastructure, 8% growth, 2% governance/legal) +- Token: SAL (Salmon Token), mint: DDPW4sZT9GsSb2mSfY9Yi9EBZGnBQ2LvvJTXCpnLmeta +- Operates own Solana validator for revenue