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 +46,7 @@ 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]] failed: first wallet infrastructure project raised $97,535/$375,000 before refunding, testing platform fit for operational software
+- **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
 ## 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

@@ -5,22 +5,16 @@ name: "Salmon Wallet: Futardio Fundraise"
 domain: internet-finance
 status: failed
 parent_entity: "[[salmon-wallet]]"
-platform: futardio
+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 infrastructure project seeking $375K for 12-month runway through futarchy-governed ICO"
-key_metrics:
-  raise_target: "$375,000"
-  total_committed: "$97,535"
-  oversubscription_ratio: 0.26
-  monthly_burn_rate: "$25,000"
-  planned_runway: "12 months"
-token:
-  name: "Salmon Token"
-  ticker: "SAL"
-  mint: "DDPW4sZT9GsSb2mSfY9Yi9EBZGnBQ2LvvJTXCpnLmeta"
+category: "fundraise"
+summary: "Open-source wallet infrastructure project seeking $375K for 12-month runway failed to reach minimum target"
+raise_target: "$375,000"
+total_committed: "$97,535"
+token_ticker: "SAL"
+token_mint: "DDPW4sZT9GsSb2mSfY9Yi9EBZGnBQ2LvvJTXCpnLmeta"
 launch_address: "Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF"
 tracked_by: rio
 created: 2026-03-11
@@ -29,35 +23,22 @@ created: 2026-03-11
 # Salmon Wallet: Futardio Fundraise
 
 ## Summary
-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.
+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.
 
 ## Market Data
-- **Outcome:** Failed (refunding)
-- **Raise Target:** $375,000
-- **Total Committed:** $97,535
-- **Oversubscription:** 0.26x
+- **Outcome:** Failed (Refunding)
+- **Target:** $375,000
+- **Raised:** $97,535 (26% of target)
 - **Duration:** 1 day (2026-03-03 to 2026-03-04)
 - **Token:** SAL (Salmon Token)
-
-## Use of Funds (Proposed)
-- **Team:** $18,300/month (73%)
-- **Infrastructure:** $4,200/month (17%)
-- **Growth & Ecosystem:** $2,000/month (8%)
-- **Governance, Legal & Contingency:** $500/month (2%)
-- **Total Monthly Burn:** $25,000
-- **Target Runway:** 12 months
-
-## Roadmap (Proposed)
-- Q2-2026: Android release, WebApp relaunch, signing flow optimization
-- Q3-2026: iOS TestFlight, staking integration, AI transaction security
-- Q4-2026: Custom notifications, portfolio view, Wallet-as-a-Service
-- Q1-2027: Cross-platform optimization, ecosystem integrations
+- **Planned Use:** 12-month runway at $25K/month burn rate
 
 ## Significance
-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.
+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.
 
 ## Relationship to KB
 - [[salmon-wallet]] — parent entity
+- [[futardio]] — platform
+- [[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
 - [[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]] — included traditional operational structures
+- [[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

entities/internet-finance/salmon-wallet.md

@@ -7,31 +7,29 @@ status: active
 founded: 2022
 website: https://salmonwallet.io/
 github: https://github.com/salmon-wallet
-key_people:
-  - role: team
-    name: undisclosed
 key_metrics:
-  prior_funding: "$122,500"
-  bootstrap_funding: "$80,000"
-  grants_received: "$42,500"
-  futarchy_raise_target: "$375,000"
-  futarchy_raise_actual: "$97,535"
-  monthly_burn_rate: "$25,000"
+  prior_funding: "$122,500 (bootstrap + grants)"
+  futardio_raise_target: "$375,000"
+  futardio_raise_actual: "$97,535"
+  planned_monthly_burn: "$25,000"
+  team_allocation: "73%"
+  infrastructure_allocation: "17%"
 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 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.
+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.
 
 ## Timeline
-- **2022** — Project founded, listed on Solana wallet adapter, received $80K bootstrap funding
+- **2022** — Project founded, listed on Solana wallet adapter
+- **2022** — Received $80K bootstrap funding
 - **2022-2024** — Received $42.5K in grants (Serum: $2.5K, Eclipse: $40K)
-- **2026-03-03** — [[salmon-wallet-futardio-fundraise]] launched on futard.io seeking $375K
-- **2026-03-04** — Fundraise closed with $97,535 raised (26% of target), status: Refunding
+- **2026-03-03** — Launched futarchy-governed fundraise on Futardio seeking $375K
+- **2026-03-04** — Fundraise 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 adoption friction for operational software
 - [[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]] — included traditional operational structures despite futarchy governance
+- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — failed raise provides empirical evidence
+- [[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

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

@@ -16,9 +16,9 @@ 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"]
+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. 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."
+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."
 ---
 
 ## Launch Details
@@ -224,9 +224,10 @@ Secondary:
 
 ## Key Facts
 - Salmon Wallet active since 2022, listed on Solana wallet adapter
-- Prior funding: $80K bootstrap + $42.5K grants (Serum $2.5K, Eclipse $40K)
-- Futarchy raise: $97,535/$375,000 (26% of target) before refunding
-- Proposed burn rate: $25K/month for 12-month runway
+- Prior funding: $80K bootstrap (2022), $42.5K grants (Serum $2.5K, Eclipse $40K)
+- Futardio launch 2026-03-03: target $375K, raised $97,535 (26%)
+- Planned burn rate: $25K/month (73% team, 17% infrastructure, 8% growth, 2% governance/legal)
 - Token: SAL (Salmon Token), mint: DDPW4sZT9GsSb2mSfY9Yi9EBZGnBQ2LvvJTXCpnLmeta
 - Launch address: Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF
-- Operates own Solana validator for revenue
+- Operates own Solana validator for transparent revenue
+- Closed 2026-03-04 in refunding status