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: established wallet project raised only $97,535/$375,000 before refunding, first observed operational software infrastructure fundraise on platform
+- **2026-03-03** — [[salmon-wallet-futardio-fundraise]] launched seeking $375K for wallet infrastructure, first futarchy-governed operational software project on platform
+- **2026-03-04** — Salmon Wallet fundraise failed, raising only $97,535 (26% of target) before refunding, demonstrating adoption friction for operational entities versus pure capital vehicles
 ## 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

@@ -5,20 +5,17 @@ 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 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
-  monthly_burn_rate: "$25,000"
-  planned_runway_months: 12
-  token_ticker: "SAL"
-  launch_address: "Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF"
+category: fundraise
+summary: "Open-source wallet infrastructure project seeking $375K for 12-month operational runway through futarchy-governed raise"
+raise_target: "$375,000"
+total_committed: "$97,535"
+token_ticker: SAL
+token_mint: "DDPW4sZT9GsSb2mSfY9Yi9EBZGnBQ2LvvJTXCpnLmeta"
+launch_address: "Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF"
 tracked_by: rio
 created: 2026-03-11
 ---
@@ -26,21 +23,22 @@ created: 2026-03-11
 # Salmon Wallet: Futardio Fundraise
 
 ## Summary
-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.
+Salmon Wallet attempted to raise $375,000 through MetaDAO's futarchy platform to fund 12 months of wallet development and operations. The project raised only $97,535 (26% of target) before entering refunding status one day after launch. This represents the first observed futarchy-governed fundraise for operational wallet infrastructure rather than pure capital allocation vehicles.
 
 ## Market Data
 - **Outcome:** Failed (refunding)
 - **Raise Target:** $375,000
-- **Total Committed:** $97,535
-- **Duration:** 2026-03-03 to 2026-03-04 (1 day)
+- **Total Committed:** $97,535 (26% of target)
+- **Launch Date:** 2026-03-03
+- **Resolution Date:** 2026-03-04
 - **Token:** SAL (Salmon Token)
-- **Planned Use:** 73% team ($18,300/mo), 17% infrastructure ($4,200/mo), 8% growth ($2,000/mo), 2% governance/legal ($500/mo)
+- **Planned Monthly Burn:** $25,000 (team 73%, infrastructure 17%, growth 8%, governance/legal 2%)
 
 ## Significance
-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.
+First empirical test of futarchy governance for operational software infrastructure on MetaDAO platform. The rapid failure (one day to refunding) provides evidence of adoption friction when extending futarchy beyond capital allocation to ongoing operational entities with recurring expenses. The project had established credibility (wallet adapter listing since 2022, $122.5K prior funding) but failed to attract sufficient capital through futarchy mechanism, suggesting market pricing challenges for operational complexity versus pure investment decisions.
 
 ## 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]] — demonstrates platform scope expansion attempt
-- [[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 test
+- [[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

@@ -1,46 +1,32 @@
 ---
 type: entity
 entity_type: company
-name: "Salmon Wallet"
+name: Salmon Wallet
 domain: internet-finance
 status: active
 founded: 2022
-key_people:
-  - role: "team"
-    name: "undisclosed"
+website: https://salmonwallet.io/
+github: https://github.com/salmon-wallet
 key_metrics:
-  bootstrap_funding: "$80,000"
-  grant_funding: "$42,500"
+  prior_funding: "$122,500 (bootstrap + grants)"
   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"
 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. 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.
+Open-source self-custodial cryptocurrency wallet primarily built on Solana with Bitcoin support. Active since 2022 with wallet adapter listing. Attempted futarchy-governed fundraise on MetaDAO platform in March 2026, representing first observed futarchy governance application to operational wallet infrastructure rather than pure capital allocation.
 
 ## Timeline
 - **2022** — Project founded, listed on Solana wallet adapter
-- **2022** — Bootstrapped $80K initial funding
-- **2022-2024** — Received $42.5K in grants (Serum: $2.5K, Eclipse: $40K)
-- **2026-03-03** — Launched futarchy-governed fundraise on futard.io seeking $375K
+- **2022-2024** — Raised $122.5K through bootstrap funding ($80K) and grants (Serum $2.5K, Eclipse $40K)
+- **2026-03-03** — [[salmon-wallet-futardio-fundraise]] launched 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
-- [[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]] — demonstrates platform scope expansion to operational software
-- [[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
+- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — empirical case of adoption barrier
+- [[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 to operational software
+- [[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 requirements

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 two new entities: Salmon Wallet (company) and the fundraise 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 two new entities: Salmon Wallet (company) and the fundraise decision market."
 ---
 
 ## Launch Details
@@ -223,11 +223,9 @@ Secondary:
 
 
 ## Key Facts
-- Salmon Wallet active since 2022, listed on Solana wallet adapter
+- Salmon Wallet active since 2022 with Solana wallet adapter listing
 - Prior funding: $80K bootstrap + $42.5K grants (Serum $2.5K, Eclipse $40K)
-- Futarchy raise target: $375,000 for 12-month runway at $25K/month burn
-- Actual raise: $97,535 (26% of target) before refunding
-- Planned allocation: 73% team, 17% infrastructure, 8% growth, 2% governance/legal
-- Token: SAL (Salmon Token)
-- Launch address: Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF
-- Operates own Solana validator for revenue
+- Futarchy raise: $97,535 of $375,000 target (26%)
+- Launch duration: 1 day (2026-03-03 to 2026-03-04)
+- Planned monthly burn: $25K (team $18.3K, infrastructure $4.2K, growth $2K, governance $0.5K)
+- Token: SAL (Salmon Token), mint: DDPW4sZT9GsSb2mSfY9Yi9EBZGnBQ2LvvJTXCpnLmeta