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: 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

@@ -6,19 +6,16 @@ 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
 category: "fundraise"
-summary: "Open-source wallet seeking $375K for 12-month operational runway through futarchy-governed raise"
+summary: "Open-source wallet infrastructure project seeking $375K for 12-month runway failed to reach minimum target"
-key_metrics:
+raise_target: "$375,000"
-  raise_target: "$375,000"
+total_committed: "$97,535"
-  total_committed: "$97,535"
+token_ticker: "SAL"
-  achievement_rate: "26%"
+token_mint: "DDPW4sZT9GsSb2mSfY9Yi9EBZGnBQ2LvvJTXCpnLmeta"
-  token: "SAL (Salmon Token)"
+launch_address: "Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF"
-  monthly_burn: "$25,000"
-  runway_target: "12 months"
 tracked_by: rio
 created: 2026-03-11
 ---
@@ -26,38 +23,22 @@ 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 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)
-- **Proposer:** Salmon Wallet team
-- **Launch:** 2026-03-03
-- **Closed:** 2026-03-04
 - **Target:** $375,000
-- **Raised:** $97,535 (26%)
+- **Raised:** $97,535 (26% of target)
-- **Token:** SAL (DDP on platform)
+- **Duration:** 1 day (2026-03-03 to 2026-03-04)
-- **Launch address:** Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF
+- **Token:** SAL (Salmon Token)
-
+- **Planned Use:** 12-month runway at $25K/month burn rate
-## 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.
+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
+- [[salmon-wallet]] — parent entity
-- [[futardio]] - platform
+- [[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]] - 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]] — extends platform scope to infrastructure
-- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] - empirical confirmation
+- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — empirical confirmation
-- [[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
+- [[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

@@ -1,36 +1,35 @@
 ---
 type: entity
 entity_type: company
-name: "Salmon Wallet"
+name: Salmon Wallet
 domain: internet-finance
 status: active
 founded: 2022
-website: "https://salmonwallet.io/"
+website: https://salmonwallet.io/
-social:
+github: https://github.com/salmon-wallet
-  twitter: "https://x.com/salmonwallet"
-  telegram: "https://t.me/salmon_wallet"
-  github: "https://github.com/salmon-wallet"
 key_metrics:
-  total_funding: "$122,500"
+  prior_funding: "$122,500 (bootstrap + grants)"
-  funding_sources: "Bootstrap ($80K), Serum grant ($2.5K), Eclipse grant ($40K)"
+  futardio_raise_target: "$375,000"
-  wallet_adapter_listing: "2022"
+  futardio_raise_actual: "$97,535"
-  supported_chains: "Solana, Bitcoin"
+  planned_monthly_burn: "$25,000"
+  team_allocation: "73%"
+  infrastructure_allocation: "17%"
 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. 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.
-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** — Received $80K bootstrap 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 Futardio seeking $375K
+- **2026-03-04** — Fundraise closed in refunding status after raising $97,535 (26% of target)
 
 ## Relationship to KB
-- [[futardio]] - attempted fundraise 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]] — 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]] - first wallet infrastructure project on platform
+- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — failed raise provides empirical evidence
-- [[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]] — 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 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 entity pages for Salmon Wallet (company) and the fundraise (decision_market) as this represents a significant data point for futarchy adoption patterns."
 ---
 
 ## 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 (2022), $42.5K grants (Serum $2.5K, Eclipse $40K)
-- Project active since 2022 with $122.5K prior funding
+- Futardio launch 2026-03-03: target $375K, raised $97,535 (26%)
-- Proposed $25,000 monthly burn rate for 12-month runway
+- Planned burn rate: $25K/month (73% team, 17% infrastructure, 8% growth, 2% governance/legal)
-- Token: SAL (Salmon Token), launch address: Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF
+- Token: SAL (Salmon Token), mint: DDPW4sZT9GsSb2mSfY9Yi9EBZGnBQ2LvvJTXCpnLmeta
-- Listed on Solana wallet adapter since 2022
+- Launch address: Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF
-- Operates own Solana validator
+- Operates own Solana validator for transparent revenue
+- Closed 2026-03-04 in refunding status