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teleo-codex/entities/internet-finance/salmon-wallet-futardio-fundraise.md
Teleo Agents eb2d93e346 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 7)

Pentagon-Agent: Rio <HEADLESS>
2026-03-12 00:17:15 +00:00

2.9 KiB
Raw Blame History

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 operational runway through futarchy-governed raise
raise_target total_committed oversubscription_ratio token token_mint launch_address monthly_burn planned_runway
$375,000 $97,535 0.26 SAL (Salmon Token) DDPW4sZT9GsSb2mSfY9Yi9EBZGnBQ2LvvJTXCpnLmeta Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF $25,000 12 months
rio 2026-03-11

Salmon Wallet: Futardio Fundraise

Summary

Salmon Wallet, an open-source self-custodial wallet active since 2022, attempted to raise $375,000 through Futardio for 12-month operational runway. The raise failed after one day, achieving only 26% of target ($97,535) before entering refunding status. This represents the first observed futarchy-governed wallet infrastructure project on MetaDAO's platform, distinct from prior meme coin or pure capital allocation launches.

Market Data

  • Outcome: Failed (Refunding)
  • Raise Target: $375,000
  • Total Committed: $97,535 (26% of target)
  • Launch Date: 2026-03-03
  • Closed Date: 2026-03-04
  • Token: SAL (Salmon Token)
  • Platform: Futardio v0.7

Budget Breakdown

  • Monthly Burn: $25,000
  • Team: $18,300/mo (73%)
  • Infrastructure: $4,200/mo (17%)
  • Growth & Ecosystem: $2,000/mo (8%)
  • Governance, Legal & Contingency: $500/mo (2%)

Significance

First empirical failure case for futarchy-governed operational software infrastructure (vs meme coins or investment vehicles). Project had legitimate credentials: 4 years operational history, listed on Solana wallet adapter since 2022, $122.5K prior funding, own validator operations. The 74% funding shortfall after one day suggests futarchy mechanisms face significant adoption friction even for established projects with real product-market fit, not just speculative launches.

Provides concrete data point on futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements - a mature operational project with clear use case and budget failed to attract sufficient capital through futarchy governance model.

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