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>

entities/internet-finance/futardio.md

@@ -46,7 +46,8 @@ 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/$375,000 (26%) before refunding, demonstrating futarchy adoption friction for operational software vs meme coins
+- **2026-03-03** — [[salmon-wallet-futardio-fundraise]] launched: first wallet infrastructure project on platform, seeking $375K for 12-month runway
+- **2026-03-04** — Salmon Wallet raise closed in refunding status after raising $97,535 (26% of target), first observed operational software project failure on platform
 ## 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."

entities/internet-finance/salmon-wallet-futardio-fundraise.md

@@ -10,16 +10,16 @@ proposal_url: "https://www.futard.io/launch/Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SW
 proposal_date: 2026-03-03
 resolution_date: 2026-03-04
 category: fundraise
-summary: "Open-source wallet infrastructure project seeking $375K for 12-month operational runway through futarchy-governed ICO"
+summary: "Open-source wallet seeking $375K for 12-month runway with futarchy governance via SAL token"
 key_metrics:
   raise_target: "$375,000"
   total_committed: "$97,535"
-  raise_percentage: "26%"
+  oversubscription_ratio: 0.26
+  monthly_burn_planned: "$25,000"
+  runway_planned: "12 months"
   token_ticker: "SAL"
-  token_mint: "DDPW4sZT9GsSb2mSfY9Yi9EBZGnBQ2LvvJTXCpnLmeta"
   launch_address: "Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF"
-  monthly_burn_rate: "$25,000"
-  planned_runway: "12 months"
+  token_mint: "DDPW4sZT9GsSb2mSfY9Yi9EBZGnBQ2LvvJTXCpnLmeta"
 tracked_by: rio
 created: 2026-03-11
 ---
@@ -27,20 +27,23 @@ created: 2026-03-11
 # Salmon Wallet: Futardio Fundraise
 
 ## Summary
-Salmon Wallet attempted to raise $375,000 through MetaDAO's futarchy-governed ICO platform for 12-month operational runway. The project presented detailed operational budget ($25K/month burn), quarterly technical roadmap (Android release, iOS TestFlight, staking integration, AI transaction security), and team allocation (73% of budget). Despite being an established project (active since 2022, wallet adapter listed, $122.5K prior funding), the raise achieved only 26% of target before refunding.
+Salmon Wallet attempted to raise $375K through Futardio's futarchy-governed ICO mechanism for 12-month operational runway. The project sought to fund wallet development, infrastructure operations, and user acquisition with detailed budget allocation (73% team, 17% infrastructure, 8% growth, 2% governance/legal). Despite established credentials (active since 2022, Solana wallet adapter listing, own validator operations, $122.5K prior funding), the raise achieved only 26% of target before entering refunding status.
 
 ## Market Data
 - **Outcome:** Failed (Refunding)
 - **Raise Target:** $375,000
-- **Total Committed:** $97,535 (26%)
-- **Duration:** 1 day (2026-03-03 to 2026-03-04)
+- **Total Committed:** $97,535 (26% of target)
+- **Launch Date:** 2026-03-03
+- **Close Date:** 2026-03-04
 - **Token:** SAL (Salmon Token)
+- **Platform:** Futardio v0.7
 
 ## Significance
-First observed futarchy-governed fundraise for operational wallet infrastructure on MetaDAO platform. The failure provides empirical evidence that futarchy mechanisms face adoption friction when applied to operational software projects requiring sustained development, contrasting with successful meme coin launches (CULT raised $11.4M in one day). The project attempted to bridge futarchy capital allocation with traditional operational planning (detailed budgets, milestone roadmaps), but this hybrid model failed to attract sufficient capital.
+First observed futarchy-governed wallet infrastructure project on MetaDAO platform, representing platform expansion beyond meme coins and pure capital allocation vehicles into operational software. The failed raise provides empirical evidence that futarchy mechanisms face adoption friction for operational projects requiring sustained development and infrastructure maintenance, even when projects have established track records. The detailed proposal structure (quarterly roadmaps, budget breakdowns, team justification) mirrors traditional startup fundraising despite the futarchy mechanism, suggesting operational projects require conventional accountability frameworks regardless of governance innovation.
 
 ## Relationship to KB
-- [[salmon-wallet]] — parent entity
-- [[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]] — platform scope expansion test
-- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] — hybrid governance model case
+- [[salmon-wallet]] — parent entity, fundraising attempt
+- [[futardio]] — platform used for raise
+- Empirical case for [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]]
+- Evidence for [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]]
+- Demonstrates [[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|MetaDAO scope expansion]] challenges

entities/internet-finance/salmon-wallet.md

@@ -6,34 +6,31 @@ domain: internet-finance
 status: active
 founded: 2022
 website: https://salmonwallet.io/
-key_people:
-  - role: team
-    name: undisclosed
+github: https://github.com/salmon-wallet
 key_metrics:
   prior_funding: "$122,500"
-  bootstrap_2022: "$80,000"
-  grants_2022_2024: "$42,500"
+  bootstrap_funding: "$80,000 (2022)"
+  grants_received: "$42,500 (Serum $2.5K, Eclipse $40K)"
   futardio_raise_target: "$375,000"
-  futardio_raise_actual: "$97,535"
-  monthly_burn_rate: "$25,000"
-related_entities:
-  - "[[futardio]]"
-  - "[[metadao]]"
+  futardio_raise_committed: "$97,535"
+  planned_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, emphasizing transparency and community governance. Active since 2022, listed on Solana wallet adapter. Operates own Solana validator for transparent revenue. Attempted futarchy-governed fundraise through MetaDAO's futard.io platform in March 2026, representing first observed wallet infrastructure project using futarchy for capital formation.
+Open-source, self-custodial cryptocurrency wallet built primarily on Solana with Bitcoin support, emphasizing transparency, community governance, and user sovereignty. Active since 2022 with listing on Solana wallet adapter. Operates own Solana validator for transparent revenue alignment with ecosystem. Attempted futarchy-governed fundraise on Futardio platform in March 2026, representing first wallet infrastructure project to use MetaDAO's ownership coin mechanism.
 
 ## Timeline
-- **2022** — Project founded, listed on Solana wallet adapter, received $80K bootstrap funding
-- **2022-2024** — Received $42.5K in grants (Serum $2.5K, Eclipse $40K)
-- **2026-03-03** — Launched futarchy-governed fundraise on futard.io seeking $375,000 for 12-month runway
-- **2026-03-04** — Fundraise closed with $97,535 raised (26% of target), status: Refunding
+- **2022** — Founded; received $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|Futardio fundraise]] launched seeking $375K with SAL governance token
+- **2026-03-04** — Futardio raise 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 of failed futarchy-governed operational software fundraise
-- [[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
-- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] — hybrid futarchy/traditional planning model
+- First wallet infrastructure project to attempt futarchy-governed fundraise on MetaDAO platform
+- Empirical case of [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]]
+- Example of [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]]
+- Demonstrates [[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|MetaDAO platform expansion]] beyond meme coins into operational software

inbox/archive/2026-03-03-futardio-launch-salmon-wallet.md

@@ -18,7 +18,7 @@ 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 entity pages for Salmon Wallet (company) and the fundraise decision market."
+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 entities for Salmon Wallet (company) and the fundraise (decision_market) as this represents significant empirical evidence for multiple KB claims."
 ---
 
 ## Launch Details
@@ -223,9 +223,9 @@ Secondary:
 
 
 ## Key Facts
-- Salmon Wallet active since 2022, listed on Solana wallet adapter
-- Prior funding: $80K bootstrap (2022), $42.5K grants (Serum $2.5K, Eclipse $40K)
-- Operates own Solana validator for transparent revenue
-- Futardio raise: $97,535/$375,000 (26%), refunded after 1 day
-- Planned budget: $25K/month burn (Team 73%, Infrastructure 17%, Growth 8%, Governance/Legal 2%)
-- Token: SAL (Salmon Token), mint: DDPW4sZT9GsSb2mSfY9Yi9EBZGnBQ2LvvJTXCpnLmeta
+- Salmon Wallet active since 2022 with Solana wallet adapter listing
+- Prior funding: $80K bootstrap (2022) + $42.5K grants (Serum $2.5K, Eclipse $40K)
+- Operates own Solana validator for ecosystem-aligned revenue
+- Futardio raise: $375K target, $97,535 committed (26%), refunded 2026-03-04
+- Planned budget: $25K monthly burn (73% team, 17% infrastructure, 8% growth, 2% governance/legal)
+- Token: SAL (Salmon Token), launch address Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF