c1bfb42b08
- 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 | 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 governance fundraise seeking $375K for 12-month operational runway, failed at $97,535 (26% of target) |
|
rio | 2026-03-11 |
Salmon Wallet: Futardio Fundraise
Summary
Salmon Wallet launched a futarchy-governed fundraise on Futardio seeking $375,000 minimum raise for 12-month operational runway. The project raised $97,535 (26% of target) before entering refund status within one day. This represents the first observed futarchy-governed wallet infrastructure project and provides empirical data on adoption friction for operational software versus speculative assets on the MetaDAO platform.
Market Data
- Outcome: Failed (Refunding)
- Launch Date: 2026-03-03
- Close Date: 2026-03-04
- Raise Target: $375,000 (minimum)
- Total Committed: $97,535
- Raise Percentage: 26%
- Token: SAL (Salmon Token)
- Platform: Futardio v0.7
Use of Funds Plan
Detailed 12-month execution plan with $25K monthly burn:
- Team: $18,300/month (73%)
- Infrastructure: $4,200/month (17%) — RPC reliability, validator operations, backend services
- Growth & Ecosystem: $2,000/month (8%) — user acquisition, partnerships, community-led growth
- Governance, Legal & Contingency: $500/month (2%)
Roadmap:
- Q2-2026: Android public release, WebApp relaunch, signing flow integration
- Q3-2026: iOS TestFlight release, staking integration, AI-powered transaction security
- Q4-2026: Custom notification system, portfolio view, ecosystem protocol integrations
- Q1-2027: Cross-platform optimization, additional integrations
Significance
First futarchy-governed wallet infrastructure fundraise provides empirical data on adoption friction for operational software projects. Despite operational credibility (active since 2022, Solana wallet adapter listing, $122.5K prior funding, own validator operations), the raise failed to attract sufficient capital through futarchy mechanisms. This contrasts sharply with Cult's $11.4M single-day raise on the same platform, suggesting market participants are more comfortable using futarchy for speculative meme coins than for operational software with complex execution risk.
The failure occurred on MetaDAO's established Futardio platform, indicating friction is not attributable to platform immaturity but to fundamental adoption barriers for certain project categories.
Relationship to KB
- salmon-wallet — parent entity
- futardio — fundraising platform
- salmon-wallet-futarchy-raise-failed-at-26-percent-of-target-demonstrating-adoption-friction-for-operational-software-projects — analysis of failed raise
- futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements — broader adoption friction context