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teleo-codex/entities/internet-finance/salmon-wallet-futardio-fundraise.md
Teleo Agents b1c6ea97e1 rio: extract from 2026-03-03-futardio-launch-salmon-wallet.md 
- 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>
2026-03-12 13:49:17 +00:00

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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 seeking $375K for 12-month operational runway through futarchy-governed raise
raise_target total_committed oversubscription_ratio monthly_burn_rate planned_runway_months token_ticker launch_address
$375,000 $97,535 0.26 $25,000 12 SAL Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF
rio 2026-03-11

Salmon Wallet: Futardio Fundraise

Summary

Salmon Wallet, an established open-source self-custodial wallet active since 2022, attempted to raise $375,000 through MetaDAO's futarchy platform for a 12-month operational runway. Despite legitimate project history ($122.5K prior funding, listed on Solana wallet adapter, operates own validator), the raise attracted only $97,535 (26% of target) before entering refunding status after one day.

Market Data

  • Outcome: Failed (refunding)
  • Raise Target: $375,000
  • Total Committed: $97,535
  • Duration: 2026-03-03 to 2026-03-04 (1 day)
  • Token: SAL (Salmon Token)
  • Planned Use: 73% team ($18,300/mo), 17% infrastructure ($4,200/mo), 8% growth ($2,000/mo), 2% governance/legal ($500/mo)

Significance

First observed futarchy-governed fundraise for operational wallet infrastructure on MetaDAO platform. The failed raise provides empirical evidence of futarchy adoption friction extending beyond pure capital allocation vehicles to operational software projects. Despite credible team history and detailed operational planning (12-month roadmap with quarterly milestones, structured budget breakdown, existing product with users), the project failed to attract sufficient capital through the futarchy mechanism. This suggests prediction market pricing may not effectively translate traditional VC evaluation criteria (team track record, product-market fit, technical execution capability) into funding decisions for operational software infrastructure.

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