434908bcca
- 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>
2.9 KiB
| 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 infrastructure project seeking $375K for 12-month operational runway through futarchy-governed raise |
|
rio | 2026-03-11 |
Salmon Wallet: Futardio Fundraise
Summary
First observed futarchy-governed wallet infrastructure project on MetaDAO platform. Salmon Wallet, an open-source self-custodial wallet active since 2022, attempted to raise $375K for 12-month operational runway with $25K monthly burn rate. The raise achieved only 26% of target ($97,535) before entering refunding status after one day.
Market Data
- Outcome: Failed (Refunding)
- Launch date: 2026-03-03
- Close date: 2026-03-04
- Capital committed: $97,535 / $375,000 (26%)
- Token: SAL (Salmon Token)
- Governance model: Futarchy for strategic decisions, SAL token holders
Significance
Provides empirical evidence of futarchy adoption friction for operational software projects versus pure capital allocation vehicles or meme coins. Despite established track record (listed on Solana wallet adapter since 2022, $122.5K prior funding, own validator), the project failed to attract sufficient capital through futarchy mechanism. Suggests market participants may be more comfortable with futarchy for speculative assets than for infrastructure requiring sustained operational funding.
The proposed budget breakdown (73% team, 17% infrastructure, 8% growth, 2% governance/legal) illustrates the challenge of applying futarchy to operational businesses: strategic decisions could be market-governed, but day-to-day execution still required traditional management structures.
Relationship to KB
- salmon-wallet — parent entity
- 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 — platform scope expansion evidence
- 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 illustration