3ea45c59b3
- 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>
3 KiB
| type | entity_type | name | domain | status | parent_entity | platform | proposer | 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 | Salmon Wallet team | https://www.futard.io/launch/Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF | 2026-03-03 | 2026-03-04 | fundraise | Open-source wallet seeking $375K for 12-month operational runway through futarchy-governed raise |
|
rio | 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 MetaDAO's futarchy platform for 12-month operational runway. The raise attracted only $97,535 (26% of target) before entering refunding status, representing the first observed failed futarchy raise for an established operational software infrastructure project.
Market Data
- Outcome: Failed (Refunding)
- Proposer: Salmon Wallet team
- Launch: 2026-03-03
- Closed: 2026-03-04
- Target: $375,000
- Raised: $97,535 (26%)
- Token: SAL (DDP on platform)
- Launch address: Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF
Project Background
- Active since 2022
- Listed on Solana wallet adapter since 2022
- Prior funding: $122.5K ($80K bootstrap, $2.5K Serum grant, $40K Eclipse grant)
- Multi-chain support (Solana, Bitcoin)
- Operates own Solana validator
- Proposed $25K monthly burn rate
Proposed Use of Funds
- Team: $18,300/month (73%)
- Infrastructure: $4,200/month (17%)
- Growth & Ecosystem: $2,000/month (8%)
- Governance, Legal & Contingency: $500/month (2%)
Significance
First observed futarchy-governed fundraise for operational wallet infrastructure on MetaDAO platform. The failure provides empirical evidence of futarchy adoption friction extending beyond pure capital allocation vehicles to operational software projects. Despite legitimate technical credentials and operational history, the project failed to attract sufficient capital through the futarchy mechanism, suggesting market participants may prefer traditional team-led governance for infrastructure software development.
Relationship to KB
- salmon-wallet - parent entity
- 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 expansion
- futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements - empirical confirmation
- 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