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>

domains/internet-finance/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

@@ -86,7 +86,7 @@ Futardio cult launch (2026-03-03 to 2026-03-04) demonstrates MetaDAO's platform
 ### Additional Evidence (extend)
 *Source: [[2026-03-03-futardio-launch-salmon-wallet]] | Added: 2026-03-12 | Extractor: anthropic/claude-sonnet-4.5*
 
-MetaDAO's scope has expanded beyond pure capital allocation vehicles to include operational software infrastructure projects. Salmon Wallet represents the first observed futarchy-governed wallet infrastructure project on the platform, demonstrating MetaDAO's positioning as a general-purpose fundraising platform rather than being limited to investment DAOs or meme coins. However, the failed raise (26% of target) suggests that different project categories may have different success rates on the platform.
+MetaDAO's platform scope now demonstrably extends to operational software infrastructure, not just capital allocation vehicles or meme coins. Salmon Wallet's March 2026 launch represents the first observed futarchy-governed wallet infrastructure project on the platform. The project proposed using SAL token for governance of a non-custodial cryptocurrency wallet with multi-chain support (Solana, Bitcoin, extensible to others), positioning it as developer tooling and user-facing infrastructure rather than pure investment vehicle. This expansion tests whether futarchy mechanisms can govern operational software development decisions—coordinating quarterly releases, security audits, platform maintenance, and feature prioritization—beyond treasury management and capital allocation. The failed raise ($97,535 of $375,000) suggests futarchy markets may struggle to price complex operational roadmaps where success depends on execution quality and technical coordination rather than simple capital deployment outcomes.
 
 ---
 

domains/internet-finance/futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements.md

@@ -38,7 +38,7 @@ Optimism futarchy achieved 430 active forecasters and 88.6% first-time governanc
 ### Additional Evidence (confirm)
 *Source: [[2026-03-03-futardio-launch-salmon-wallet]] | Added: 2026-03-12 | Extractor: anthropic/claude-sonnet-4.5*
 
-Salmon Wallet's failed futarchy raise on MetaDAO provides empirical evidence of adoption friction for operational software projects. Despite being an established project (active since 2022, listed on Solana wallet adapter, $122.5K prior funding), the raise only achieved $97,535 of $375,000 target (26% of goal) before refunding. This demonstrates that futarchy-governed fundraising faces significant barriers even for legitimate projects with track records, particularly when the use case is operational software infrastructure rather than pure capital allocation or meme coins.
+Salmon Wallet's failed futarchy raise on MetaDAO (March 2026) provides empirical evidence of adoption friction for operational software projects. Despite being an established project (active since 2022, listed on Solana wallet adapter since 2022, $122.5K prior funding from bootstrap and grants), Salmon raised only $97,535 of $375,000 target (26% of goal) before refunding after one day (launched 2026-03-03, closed 2026-03-04). The project explicitly proposed futarchy governance through SAL token with 'collective decision-making through a futarchy model, where results determine direction' and 'funds safeguarded by market-based governance.' This demonstrates that futarchy adoption barriers extend beyond pure capital allocation vehicles to operational software infrastructure, where token price as objective function may be less intuitive for contributors and users accustomed to traditional open-source development models. The failure occurred despite the project's strong positioning: open-source credibility, established community presence, clear 12-month roadmap with specific deliverables, disciplined $25K/month burn rate, and transparent fund allocation breakdown.
 
 ---
 

domains/internet-finance/futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance.md

@@ -41,7 +41,7 @@ The contrast with Ranger is instructive. Ranger's liquidation shows futarchy han
 ### Additional Evidence (extend)
 *Source: [[2026-03-03-futardio-launch-salmon-wallet]] | Added: 2026-03-12 | Extractor: anthropic/claude-sonnet-4.5*
 
-Salmon Wallet's proposed governance structure illustrates the operational complexity that futarchy-governed projects must address. The project planned a $25,000 monthly burn rate across team ($18,300/month), infrastructure ($4,200/month), growth ($2,000/month), and governance/legal/contingency ($500/month). This budget breakdown reveals that even a futarchy-governed wallet project requires traditional operational categories and cost structures, with only 2% allocated to governance mechanisms themselves. The failure to raise capital suggests that investors may question whether futarchy governance adds sufficient value to justify the additional complexity for operational software projects.
+Salmon Wallet's proposed governance structure illustrates the operational complexity challenge for futarchy-governed software projects. The project planned $25,000 monthly burn across four categories: Team (73%, $18,300), Infrastructure (17%, $4,200), Growth & Ecosystem (8%, $2,000), and Governance/Legal/Contingency (2%, $500). The 12-month roadmap included 15+ distinct deliverables spanning Q2-2027: Android public release, WebApp relaunch, iOS TestFlight, staking integration, watch mode, AI-powered transaction security, custom notifications, portfolio views, ecosystem protocol integrations, wallet-as-a-service, cross-platform optimization, and contributor program guidelines. This operational complexity—coordinating development sprints, security audits, platform releases across mobile/web/extension, infrastructure maintenance, and ecosystem partnerships—represents a fundamentally different governance challenge than treasury allocation decisions. The project explicitly budgeted 2% ($500/month) for 'Governance, Legal & Contingency,' suggesting recognition that futarchy alone cannot address legal compliance, entity structure, or operational security requirements. The failed raise may indicate that futarchy markets cannot price complex operational roadmaps where success depends on execution quality and technical coordination rather than simple capital deployment outcomes, supporting the claim that futarchy-governed operational DAOs require traditional governance scaffolding.
 
 ---
 

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 on platform raised $97,535/$375,000 (26%) before refunding, demonstrating adoption friction for operational software vs capital allocation vehicles
+- **2026-03-03** — [[salmon-wallet-futardio-fundraise]] failed: first wallet infrastructure project raised $97,535/$375,000 before refunding, testing futarchy governance for operational software
 ## 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

@@ -5,19 +5,21 @@ 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"
+category: fundraise
-summary: "Open-source wallet infrastructure project seeking $375K through futarchy-governed raise, failed at 26% of target"
+summary: "Open-source wallet infrastructure project seeking $375K for 12-month runway through futarchy-governed development"
 key_metrics:
   raise_target: "$375,000"
   total_committed: "$97,535"
   oversubscription_ratio: 0.26
   token_ticker: "SAL"
-  planned_runway: "12 months"
+  token_mint: "DDPW4sZT9GsSb2mSfY9Yi9EBZGnBQ2LvvJTXCpnLmeta"
+  launch_address: "Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF"
   monthly_burn: "$25,000"
+  runway_months: 12
 tracked_by: rio
 created: 2026-03-11
 ---
@@ -25,22 +27,22 @@ created: 2026-03-11
 # Salmon Wallet: Futardio Fundraise
 
 ## Summary
-Salmon Wallet attempted to raise $375,000 through MetaDAO's futarchy platform to fund 12 months of wallet infrastructure development. The raise achieved only $97,535 (26% of target) before closing in refunding status after one day. This represents the first observed futarchy-governed fundraise for wallet infrastructure software, as opposed to investment vehicles or meme coins.
+Salmon Wallet, an open-source self-custodial wallet active since 2022, attempted to raise $375,000 on MetaDAO's futarchy platform for 12-month operational runway. The project proposed SAL token governance through futarchy model where market-based decisions would direct development priorities. Raised only $97,535 (26% of target) before refunding, representing the first observed failed futarchy raise for operational software infrastructure on the platform.
 
 ## Market Data
-- **Outcome:** Failed (refunding)
+- **Outcome:** Failed (Refunding)
-- **Target:** $375,000
+- **Raise Target:** $375,000
-- **Raised:** $97,535 (26%)
+- **Total Committed:** $97,535
+- **Oversubscription:** 0.26x
 - **Duration:** 1 day (2026-03-03 to 2026-03-04)
 - **Token:** SAL (Salmon Token)
-- **Launch address:** Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF
+- **Planned Burn Rate:** $25,000/month
 
 ## Significance
-First empirical evidence of futarchy adoption friction for operational software infrastructure projects. Despite legitimate credentials (active since 2022, Solana wallet adapter listing, $122.5K prior funding), the project failed to attract sufficient capital through futarchy governance. The 26% funding rate suggests that futarchy-governed raises may face different success rates depending on project category, with operational software facing higher barriers than pure capital allocation vehicles.
+First empirical case of futarchy adoption failure for operational software infrastructure on MetaDAO platform. Despite established project credentials (2022 founding, Solana wallet adapter listing, $122.5K prior funding, own validator operation), the futarchy-governed fundraise model failed to attract sufficient capital. The 12-month roadmap included complex operational deliverables: Android/iOS releases, staking integration, AI-powered security, wallet-as-a-service, and ecosystem integrations. This suggests futarchy markets may struggle to price operational software development where success depends on execution quality and technical coordination rather than simple capital deployment outcomes. Contrasts with successful MetaDAO raises for capital allocation vehicles and meme coins.
-
-The proposed budget breakdown revealed traditional operational structure: 73% team, 17% infrastructure, 8% growth, 2% governance/legal. This suggests that even futarchy-governed projects require conventional operational scaffolding, with governance mechanisms representing a small fraction of total costs.
 
 ## Relationship to KB
-- Confirms [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]]
+- [[salmon-wallet]] — parent entity
-- Extends [[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]] with operational software use case
+- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — empirical confirmation
-- Illustrates [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]]
+- [[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]] — operational governance challenge

entities/internet-finance/salmon-wallet.md

@@ -1,37 +1,36 @@
 ---
 type: entity
 entity_type: company
-name: "Salmon Wallet"
+name: Salmon Wallet
 domain: internet-finance
 status: active
 founded: 2022
+website: https://salmonwallet.io/
+github: https://github.com/salmon-wallet
+twitter: https://x.com/salmonwallet
 key_metrics:
-  prior_funding: "$122,500"
+  prior_funding: "$122,500 (bootstrap + grants)"
-  bootstrap_funding: "$80,000"
-  grants_received: "$42,500"
   futarchy_raise_target: "$375,000"
   futarchy_raise_actual: "$97,535"
-  planned_monthly_burn: "$25,000"
+  monthly_burn_rate: "$25,000"
-platforms:
+  team_allocation: "73%"
-  - Solana
+  infrastructure_allocation: "17%"
-  - Bitcoin
 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 that failed to reach minimum target.
+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 March 2026, raising $97,535 of $375,000 target before refunding. Operates own Solana validator for transparent revenue. Proposed SAL token governance through futarchy model where market-based decisions would direct development.
 
 ## Timeline
-- **2022** — Project founded, listed on Solana wallet adapter
+- **2022** — Salmon Wallet founded, listed on Solana wallet adapter
-- **2022** — Received $80K bootstrap funding
+- **2022** — Raised $80K bootstrap funding
 - **2022-2024** — Received $42.5K in grants (Serum: $2.5K, Eclipse: $40K)
-- **2026-03-03** — Launched futarchy fundraise on futard.io seeking $375K
+- **2026-03-03** — [[salmon-wallet-futardio-fundraise]] launched on futard.io seeking $375K
-- **2026-03-04** — Fundraise closed in refunding status with $97,535 raised (26% of target)
+- **2026-03-04** — Fundraise closed with $97,535 raised, status: Refunding
 
 ## Relationship to KB
-- First observed wallet infrastructure project attempting futarchy-governed fundraise
+- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — empirical case of failed futarchy adoption for operational software
-- Demonstrates [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]]
+- [[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
-- Case study for [[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]]
+- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] — operational complexity challenge for futarchy governance
-- Illustrates operational complexity in [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]]

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 entity pages for Salmon Wallet (company) and the fundraise (decision_market) as this represents a significant data point for futarchy adoption patterns."
+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—existing claims about MetaDAO scope expansion, adoption barriers, and operational governance challenges are confirmed and extended with this case. Entity extraction: created Salmon Wallet company entity and decision_market entity for the fundraise, updated Futardio timeline."
 ---
 
 ## Launch Details
@@ -223,11 +223,10 @@ Secondary:
 
 
 ## Key Facts
-- Salmon Wallet active since 2022, listed on Solana wallet adapter
+- Salmon Wallet founded 2022, listed on Solana wallet adapter since 2022
-- Prior funding: $80K bootstrap (2022) + $42.5K grants (Serum $2.5K, Eclipse $40K)
+- Prior funding: $80K bootstrap (2022), $2.5K Serum grant, $40K Eclipse grant
-- Futarchy raise target: $375,000 for 12-month runway
+- Operates own Solana validator for transparent revenue
-- Actual raise: $97,535 (26% of target)
+- Proposed $25K monthly burn: Team 73%, Infrastructure 17%, Growth 8%, Governance/Legal 2%
-- Planned monthly burn: $25K (73% team, 17% infrastructure, 8% growth, 2% governance/legal)
+- 12-month roadmap: Q2 Android release, Q3 iOS TestFlight, Q4 custom notifications, Q1-2027 cross-platform optimization
-- Token: SAL (Salmon Token)
+- Token: SAL (Salmon Token), mint: DDPW4sZT9GsSb2mSfY9Yi9EBZGnBQ2LvvJTXCpnLmeta
 - Launch address: Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF
-- Status: Refunding (closed 2026-03-04)