b5ad0da197
- 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 | raise_target | total_committed | token_ticker | token_mint | launch_address | 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 runway failed to reach minimum target | $375,000 | $97,535 | SAL | DDPW4sZT9GsSb2mSfY9Yi9EBZGnBQ2LvvJTXCpnLmeta | Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF | rio | 2026-03-11 |
Salmon Wallet: Futardio Fundraise
Summary
Salmon Wallet, an established open-source wallet active since 2022, attempted to raise $375,000 through Futardio's futarchy-governed fundraise mechanism. Despite prior funding of $122.5K and being listed on Solana's wallet adapter, the raise failed to reach its minimum target, closing after one day with only $97,535 committed (26% of target). This represents the first observed futarchy-governed wallet infrastructure project on MetaDAO's platform.
Market Data
- Outcome: Failed (Refunding)
- Target: $375,000
- Raised: $97,535 (26% of target)
- Duration: 1 day (2026-03-03 to 2026-03-04)
- Token: SAL (Salmon Token)
- Planned Use: 12-month runway at $25K/month burn rate
Significance
This failed raise provides empirical evidence of futarchy adoption friction for operational software projects versus pure capital allocation vehicles or speculative assets. Despite Salmon Wallet's established track record (4 years active, prior funding, wallet adapter listing), the futarchy governance model failed to attract sufficient capital for infrastructure development. The detailed operational plan (73% team, 17% infrastructure, 8% growth, 2% governance/legal) reveals tension between market-based governance and traditional operational requirements.
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 — extends platform scope to infrastructure
- 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 planning despite futarchy governance