2a9fcd2972
- 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>
2.7 KiB
| type | entity_type | name | domain | status | parent_entity | platform | proposal_url | proposal_date | resolution_date | category | summary | key_metrics | tracked_by | created | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| entity | 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 operational runway through futarchy-governed ICO |
|
rio | 2026-03-11 |
Salmon Wallet: Futardio Fundraise
Summary
Salmon Wallet attempted to raise $375,000 through MetaDAO's futarchy-governed ICO platform for 12-month operational runway. The project presented detailed operational budget ($25K/month burn), quarterly technical roadmap (Android release, iOS TestFlight, staking integration, AI transaction security), and team allocation (73% of budget). Despite being an established project (active since 2022, wallet adapter listed, $122.5K prior funding), the raise achieved only 26% of target before refunding.
Market Data
- Outcome: Failed (Refunding)
- Raise Target: $375,000
- Total Committed: $97,535 (26%)
- Duration: 1 day (2026-03-03 to 2026-03-04)
- Token: SAL (Salmon Token)
Significance
First observed futarchy-governed fundraise for operational wallet infrastructure on MetaDAO platform. The failure provides empirical evidence that futarchy mechanisms face adoption friction when applied to operational software projects requiring sustained development, contrasting with successful meme coin launches (CULT raised $11.4M in one day). The project attempted to bridge futarchy capital allocation with traditional operational planning (detailed budgets, milestone roadmaps), but this hybrid model failed to attract sufficient capital.
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 — 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 — hybrid governance model case