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teleo-codex/decisions/internet-finance/salmon-wallet-futardio-fundraise.md
Teleo Agents 0da42ebbf1 schema: move 68 decision_market entities to decisions/internet-finance/ 
Separates governance decisions from entities. decision_market type replaced
by type: decision in new decisions/ directory. Entities (companies, people,
protocols) remain in entities/{domain}/.

Architecture: Leo (schema), Rio (taxonomy), Ganymede (migration), Rhea (ops)
Implemented by: Epimetheus

Pentagon-Agent: Epimetheus <968B2991-E2DF-4006-B962-F5B0A0CC8ACA>
2026-03-16 17:31:07 +00:00

3.2 KiB
Raw Blame History

type entity_type name domain status parent_entity platform proposal_url proposal_date resolution_date category summary key_metrics token launch_address tracked_by created
decision decision_market Salmon Wallet: Futardio Fundraise internet-finance failed salmon-wallet futardio https://www.futard.io/launch/Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF 2026-03-03 2026-03-04 fundraise Open-source wallet infrastructure project seeking $375K for 12-month runway through futarchy-governed ICO
raise_target total_committed oversubscription_ratio monthly_burn_rate planned_runway
$375,000 $97,535 0.26 $25,000 12 months
name ticker mint
Salmon Token SAL DDPW4sZT9GsSb2mSfY9Yi9EBZGnBQ2LvvJTXCpnLmeta
Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF rio 2026-03-11

Salmon Wallet: Futardio Fundraise

Summary

Salmon Wallet attempted to raise $375,000 through MetaDAO's futarchy platform for 12-month operational runway covering wallet development, security, infrastructure, and mobile app releases. Despite being an established project (active since 2022, listed on Solana wallet adapter, $122.5K prior funding), the raise attracted only $97,535 (26% of target) before refunding. First observed futarchy-governed wallet infrastructure project on the platform.

Market Data

  • Outcome: Failed (refunding)
  • Raise Target: $375,000
  • Total Committed: $97,535
  • Oversubscription: 0.26x
  • Duration: 1 day (2026-03-03 to 2026-03-04)
  • Token: SAL (Salmon Token)

Use of Funds (Proposed)

  • Team: $18,300/month (73%)
  • Infrastructure: $4,200/month (17%)
  • Growth & Ecosystem: $2,000/month (8%)
  • Governance, Legal & Contingency: $500/month (2%)
  • Total Monthly Burn: $25,000
  • Target Runway: 12 months

Roadmap (Proposed)

  • Q2-2026: Android release, WebApp relaunch, signing flow optimization
  • Q3-2026: iOS TestFlight, staking integration, AI transaction security
  • Q4-2026: Custom notifications, portfolio view, Wallet-as-a-Service
  • Q1-2027: Cross-platform optimization, ecosystem integrations

Significance

First empirical data point on futarchy adoption friction for operational software infrastructure versus pure capital allocation vehicles. The failed raise suggests futarchy mechanisms face challenges when applied to projects with ongoing operational complexity, team budgets, and multi-quarter development roadmaps. Despite technical credibility and operational history, the project could not achieve minimum viable liquidity in the futarchy market.

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