a7c248182c
- 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>
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| 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 | futardio | futardio | Salmon Wallet team | 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 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 Futardio's futarchy-governed platform for a 12-month operational runway. The project proposed using SAL token for futarchy-based governance of wallet development decisions. The raise failed after one day, achieving only 26% of target ($97,535) before entering refunding status.
Market Data
- Outcome: Failed (Refunding)
- Proposer: Salmon Wallet team
- Raise Target: $375,000
- Total Committed: $97,535 (26% of target)
- Duration: 2026-03-03 to 2026-03-04 (1 day)
- Token: SAL (Salmon Token, mint: DDPW4sZT9GsSb2mSfY9Yi9EBZGnBQ2LvvJTXCpnLmeta)
- Launch Address: Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF
Significance
This represents the first observed futarchy-governed wallet infrastructure project on MetaDAO's platform, and its failure provides empirical evidence about futarchy adoption friction for operational software versus pure capital allocation vehicles. Despite being an established project (listed on Solana wallet adapter since 2022, $122.5K prior funding from bootstrap and grants), Salmon Wallet could not attract sufficient capital through the futarchy mechanism.
The project's detailed operational plan ($25K monthly burn across team 73%, infrastructure 17%, growth 8%, governance/legal 2%) and specific quarterly roadmap (Android release, iOS TestFlight, staking integration, AI-powered security, Wallet-as-a-Service) suggests that futarchy markets may struggle to price complex operational software development compared to simpler meme coin launches (cf. CULT's $11.4M raise in one day).
Project Background
- Active Since: 2022
- Prior Funding: $122,500 ($80K bootstrap, $2.5K Serum grant, $40K Eclipse grant)
- Infrastructure: Operates own Solana validator for transparent revenue
- Distribution: Listed on Solana wallet adapter since 2022
- Planned Runway: 12 months at $25K/month burn rate
Relationship to KB
- futardio — first wallet infrastructure fundraise on platform
- 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 — scope expansion beyond meme coins
- futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance — operational complexity example