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

@@ -46,6 +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]] failed: established wallet project raised only $97,535/$375,000 before refunding, first observed operational software infrastructure fundraise 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

@@ -6,7 +6,6 @@ domain: internet-finance
 status: failed
 parent_entity: "[[salmon-wallet]]"
 platform: "futardio"
-proposer: "Salmon Wallet team"
 proposal_url: "https://www.futard.io/launch/Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF"
 proposal_date: 2026-03-03
 resolution_date: 2026-03-04
@@ -15,10 +14,11 @@ summary: "Open-source wallet seeking $375K for 12-month operational runway throu
 key_metrics:
   raise_target: "$375,000"
   total_committed: "$97,535"
-  achievement_rate: "26%"
+  oversubscription_ratio: 0.26
-  token: "SAL (Salmon Token)"
+  monthly_burn_rate: "$25,000"
-  monthly_burn: "$25,000"
+  planned_runway_months: 12
-  runway_target: "12 months"
+  token_ticker: "SAL"
+  launch_address: "Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF"
 tracked_by: rio
 created: 2026-03-11
 ---
@@ -26,38 +26,21 @@ 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 MetaDAO's futarchy platform for 12-month operational runway. The raise attracted only $97,535 (26% of target) before entering refunding status, representing the first observed failed futarchy raise for an established operational software infrastructure project.
+Salmon Wallet, an established open-source self-custodial wallet active since 2022, attempted to raise $375,000 through MetaDAO's futarchy platform for a 12-month operational runway. Despite legitimate project history ($122.5K prior funding, listed on Solana wallet adapter, operates own validator), the raise attracted only $97,535 (26% of target) before entering refunding status after one day.
 
 ## Market Data
-- **Outcome:** Failed (Refunding)
+- **Outcome:** Failed (refunding)
-- **Proposer:** Salmon Wallet team
+- **Raise Target:** $375,000
-- **Launch:** 2026-03-03
+- **Total Committed:** $97,535
-- **Closed:** 2026-03-04
+- **Duration:** 2026-03-03 to 2026-03-04 (1 day)
-- **Target:** $375,000
+- **Token:** SAL (Salmon Token)
-- **Raised:** $97,535 (26%)
+- **Planned Use:** 73% team ($18,300/mo), 17% infrastructure ($4,200/mo), 8% growth ($2,000/mo), 2% governance/legal ($500/mo)
-- **Token:** SAL (DDP on platform)
-- **Launch address:** Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF
-
-## Project Background
-- Active since 2022
-- Listed on Solana wallet adapter since 2022
-- Prior funding: $122.5K ($80K bootstrap, $2.5K Serum grant, $40K Eclipse grant)
-- Multi-chain support (Solana, Bitcoin)
-- Operates own Solana validator
-- Proposed $25K monthly burn rate
-
-## Proposed Use of Funds
-- Team: $18,300/month (73%)
-- Infrastructure: $4,200/month (17%)
-- Growth & Ecosystem: $2,000/month (8%)
-- Governance, Legal & Contingency: $500/month (2%)
 
 ## Significance
-First observed futarchy-governed fundraise for operational wallet infrastructure on MetaDAO platform. The failure provides empirical evidence of futarchy adoption friction extending beyond pure capital allocation vehicles to operational software projects. Despite legitimate technical credentials and operational history, the project failed to attract sufficient capital through the futarchy mechanism, suggesting market participants may prefer traditional team-led governance for infrastructure software development.
+First observed futarchy-governed fundraise for operational wallet infrastructure on MetaDAO platform. The failed raise provides empirical evidence of futarchy adoption friction extending beyond pure capital allocation vehicles to operational software projects. Despite credible team history and detailed operational planning (12-month roadmap with quarterly milestones, structured budget breakdown, existing product with users), the project failed to attract sufficient capital through the futarchy mechanism. This suggests prediction market pricing may not effectively translate traditional VC evaluation criteria (team track record, product-market fit, technical execution capability) into funding decisions for operational software infrastructure.
 
 ## Relationship to KB
-- [[salmon-wallet]] - parent entity
+- [[salmon-wallet]] — parent entity
-- [[futardio]] - platform
+- [[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
+- [[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]] — demonstrates platform scope expansion attempt
-- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] - empirical confirmation
+- [[futardio]] — platform
-- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] - operational governance challenge

entities/internet-finance/salmon-wallet.md

@@ -5,32 +5,42 @@ name: "Salmon Wallet"
 domain: internet-finance
 status: active
 founded: 2022
+key_people:
+  - role: "team"
+    name: "undisclosed"
+key_metrics:
+  bootstrap_funding: "$80,000"
+  grant_funding: "$42,500"
+  futarchy_raise_target: "$375,000"
+  futarchy_raise_actual: "$97,535"
+  monthly_burn_rate: "$25,000"
+platforms:
+  - "Solana"
+  - "Bitcoin"
 website: "https://salmonwallet.io/"
 social:
   twitter: "https://x.com/salmonwallet"
   telegram: "https://t.me/salmon_wallet"
   github: "https://github.com/salmon-wallet"
-key_metrics:
-  total_funding: "$122,500"
-  funding_sources: "Bootstrap ($80K), Serum grant ($2.5K), Eclipse grant ($40K)"
-  wallet_adapter_listing: "2022"
-  supported_chains: "Solana, Bitcoin"
 tracked_by: rio
 created: 2026-03-11
 ---
 
 # Salmon Wallet
 
-## Overview
+Open-source, self-custodial cryptocurrency wallet built primarily on Solana with Bitcoin support. Active since 2022, listed on Solana wallet adapter. Operates own Solana validator for transparent revenue. Attempted futarchy-governed fundraise on MetaDAO platform in March 2026 seeking $375K for 12-month operational runway but failed to reach target, raising only $97,535 before refunding.
-Salmon Wallet is an open-source, self-custodial cryptocurrency wallet launched in 2022, primarily built on Solana with Bitcoin support. The project positions itself around transparency, user sovereignty, and community-first governance, operating its own Solana validator for network participation. Listed on the Solana wallet adapter since 2022, it has maintained continuous development through bootstrap funding and ecosystem grants.
 
 ## Timeline
-- **2022** — Salmon Wallet launched; listed on Solana wallet adapter; received $2.5K Serum grant
+- **2022** — Project founded, listed on Solana wallet adapter
-- **2022-2024** — Received $40K Eclipse grant; bootstrapped $80K in development funding
+- **2022** — Bootstrapped $80K initial funding
-- **2026-03-03** — [[salmon-wallet-futardio-fundraise]] launched on futard.io seeking $375K for 12-month runway
+- **2022-2024** — Received $42.5K in grants (Serum: $2.5K, Eclipse: $40K)
-- **2026-03-04** — Futarchy fundraise closed in refunding status after raising $97,535 (26% of target)
+- **2026-03-03** — Launched futarchy-governed fundraise on futard.io seeking $375K
+- **2026-03-04** — Fundraise closed in refunding status after raising $97,535 (26% of target)
 
+- **2026-03-03** — [[salmon-wallet-futardio-fundraise]] launched seeking $375K for 12-month runway
+- **2026-03-04** — Fundraise failed, entered refunding status after raising only $97,535 (26% of target)
 ## Relationship to KB
-- [[futardio]] - attempted fundraise platform
+- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — empirical case of futarchy 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
+- [[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]] — demonstrates platform scope expansion to operational software
-- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] - empirical case study
+- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] — operational budget structure mirrors traditional software companies
+- [[futardio]] — platform used for fundraise attempt

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 warranted - all insights enrich existing claims about MetaDAO scope expansion, adoption barriers, and operational governance challenges. Created decision_market entity for the fundraise proposal and company entity for Salmon Wallet as this is first mention in KB."
+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 two new entities: Salmon Wallet (company) and the fundraise decision market. Updated futardio timeline."
 ---
 
 ## Launch Details
@@ -223,10 +223,11 @@ Secondary:
 
 
 ## Key Facts
-- Salmon Wallet launched futarchy raise 2026-03-03 seeking $375,000
+- Salmon Wallet active since 2022, listed on Solana wallet adapter
-- Raise closed 2026-03-04 with $97,535 committed (26% of target)
+- Prior funding: $80K bootstrap + $42.5K grants (Serum $2.5K, Eclipse $40K)
-- Project active since 2022 with $122.5K prior funding
+- Futarchy raise target: $375,000 for 12-month runway at $25K/month burn
-- Proposed $25,000 monthly burn rate for 12-month runway
+- Actual raise: $97,535 (26% of target) before refunding
-- Token: SAL (Salmon Token), launch address: Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF
+- Planned allocation: 73% team, 17% infrastructure, 8% growth, 2% governance/legal
-- Listed on Solana wallet adapter since 2022
+- Token: SAL (Salmon Token)
-- Operates own Solana validator
+- Launch address: Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF
+- Operates own Solana validator for revenue