---
type: entity
entity_type: decision_market
name: "Salmon Wallet: Futardio Fundraise"
domain: internet-finance
status: failed
parent_entity: "[[salmon-wallet]]"
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
  token: "SAL (Salmon Token)"
  token_mint: "DDPW4sZT9GsSb2mSfY9Yi9EBZGnBQ2LvvJTXCpnLmeta"
  launch_address: "Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF"
  monthly_burn: "$25,000"
  planned_runway: "12 months"
tracked_by: rio
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 Futardio for 12-month operational runway. The raise failed after one day, achieving only 26% of target ($97,535) before entering refunding status. This represents the first observed futarchy-governed wallet infrastructure project on MetaDAO's platform, distinct from prior meme coin or pure capital allocation launches.

## Market Data
- **Outcome:** Failed (Refunding)
- **Raise Target:** $375,000
- **Total Committed:** $97,535 (26% of target)
- **Launch Date:** 2026-03-03
- **Closed Date:** 2026-03-04
- **Token:** SAL (Salmon Token)
- **Platform:** Futardio v0.7

## Budget Breakdown
- **Monthly Burn:** $25,000
- Team: $18,300/mo (73%)
- Infrastructure: $4,200/mo (17%)
- Growth & Ecosystem: $2,000/mo (8%)
- Governance, Legal & Contingency: $500/mo (2%)

## Significance
First empirical failure case for futarchy-governed operational software infrastructure (vs meme coins or investment vehicles). Project had legitimate credentials: 4 years operational history, listed on Solana wallet adapter since 2022, $122.5K prior funding, own validator operations. The 74% funding shortfall after one day suggests futarchy mechanisms face significant adoption friction even for established projects with real product-market fit, not just speculative launches.

Provides concrete data point on [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] - a mature operational project with clear use case and budget failed to attract sufficient capital through futarchy governance model.

## Relationship to KB
- [[salmon-wallet]] - parent entity
- [[futardio]] - launch platform
- [[metadao]] - governance mechanism provider
- Empirical evidence for [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]]
- Budget structure demonstrates [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]]