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teleo-codex/entities/internet-finance/salmon-wallet-futardio-fundraise.md
Teleo Agents d58af0fed5 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 03:44:39 +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 infrastructure project seeking $375K through futarchy-governed raise, failed at 26% of target
raise_target total_committed oversubscription_ratio token_ticker planned_runway monthly_burn
$375,000 $97,535 0.26 SAL 12 months $25,000
rio 2026-03-11

Salmon Wallet: Futardio Fundraise

Summary

Salmon Wallet attempted to raise $375,000 through MetaDAO's futarchy platform to fund 12 months of wallet infrastructure development. The raise achieved only $97,535 (26% of target) before closing in refunding status after one day. This represents the first observed futarchy-governed fundraise for wallet infrastructure software, as opposed to investment vehicles or meme coins.

Market Data

  • Outcome: Failed (refunding)
  • Target: $375,000
  • Raised: $97,535 (26%)
  • Duration: 1 day (2026-03-03 to 2026-03-04)
  • Token: SAL (Salmon Token)
  • Launch address: Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF

Significance

First empirical evidence of futarchy adoption friction for operational software infrastructure projects. Despite legitimate credentials (active since 2022, Solana wallet adapter listing, $122.5K prior funding), the project failed to attract sufficient capital through futarchy governance. The 26% funding rate suggests that futarchy-governed raises may face different success rates depending on project category, with operational software facing higher barriers than pure capital allocation vehicles.

The proposed budget breakdown revealed traditional operational structure: 73% team, 17% infrastructure, 8% growth, 2% governance/legal. This suggests that even futarchy-governed projects require conventional operational scaffolding, with governance mechanisms representing a small fraction of total costs.

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