7aabd79218
- 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>
44 lines
2.6 KiB
Markdown
44 lines
2.6 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "Salmon Wallet: Futardio Fundraise"
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domain: internet-finance
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status: failed
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parent_entity: "[[salmon-wallet]]"
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platform: futardio
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proposal_url: "https://www.futard.io/launch/Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF"
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proposal_date: 2026-03-03
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resolution_date: 2026-03-04
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category: fundraise
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summary: "Open-source wallet infrastructure project seeking $375K for 12-month operational runway through futarchy-governed raise"
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raise_target: "$375,000"
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total_committed: "$97,535"
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token_ticker: SAL
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token_mint: "DDPW4sZT9GsSb2mSfY9Yi9EBZGnBQ2LvvJTXCpnLmeta"
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launch_address: "Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF"
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tracked_by: rio
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created: 2026-03-11
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---
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# Salmon Wallet: Futardio Fundraise
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## Summary
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Salmon Wallet attempted to raise $375,000 through MetaDAO's futarchy platform to fund 12 months of wallet development and operations. The project raised only $97,535 (26% of target) before entering refunding status one day after launch. This represents the first observed futarchy-governed fundraise for operational wallet infrastructure rather than pure capital allocation vehicles.
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## Market Data
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- **Outcome:** Failed (refunding)
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- **Raise Target:** $375,000
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- **Total Committed:** $97,535 (26% of target)
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- **Launch Date:** 2026-03-03
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- **Resolution Date:** 2026-03-04
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- **Token:** SAL (Salmon Token)
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- **Planned Monthly Burn:** $25,000 (team 73%, infrastructure 17%, growth 8%, governance/legal 2%)
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## Significance
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First empirical test of futarchy governance for operational software infrastructure on MetaDAO platform. The rapid failure (one day to refunding) provides evidence of adoption friction when extending futarchy beyond capital allocation to ongoing operational entities with recurring expenses. The project had established credibility (wallet adapter listing since 2022, $122.5K prior funding) but failed to attract sufficient capital through futarchy mechanism, suggesting market pricing challenges for operational complexity versus pure investment decisions.
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## Relationship to KB
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- [[salmon-wallet]] — parent entity
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- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — empirical confirmation
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- [[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 test
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- [[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
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