db8cecc116
- 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>
3 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 seeking $375K for 12-month runway with futarchy governance via SAL token |
|
rio | 2026-03-11 |
Salmon Wallet: Futardio Fundraise
Summary
Salmon Wallet attempted to raise $375K through Futardio's futarchy-governed ICO mechanism for 12-month operational runway. The project sought to fund wallet development, infrastructure operations, and user acquisition with detailed budget allocation (73% team, 17% infrastructure, 8% growth, 2% governance/legal). Despite established credentials (active since 2022, Solana wallet adapter listing, own validator operations, $122.5K prior funding), the raise achieved only 26% of target before entering refunding status.
Market Data
- Outcome: Failed (Refunding)
- Raise Target: $375,000
- Total Committed: $97,535 (26% of target)
- Launch Date: 2026-03-03
- Close Date: 2026-03-04
- Token: SAL (Salmon Token)
- Platform: Futardio v0.7
Significance
First observed futarchy-governed wallet infrastructure project on MetaDAO platform, representing platform expansion beyond meme coins and pure capital allocation vehicles into operational software. The failed raise provides empirical evidence that futarchy mechanisms face adoption friction for operational projects requiring sustained development and infrastructure maintenance, even when projects have established track records. The detailed proposal structure (quarterly roadmaps, budget breakdowns, team justification) mirrors traditional startup fundraising despite the futarchy mechanism, suggesting operational projects require conventional accountability frameworks regardless of governance innovation.
Relationship to KB
- salmon-wallet — parent entity, fundraising attempt
- futardio — platform used for raise
- Empirical case for futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements
- Evidence for futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance
- Demonstrates 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 challenges