eb2d93e346
- 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>
58 lines
2.9 KiB
Markdown
58 lines
2.9 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "Salmon Wallet: Futardio Fundraise"
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domain: internet-finance
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status: failed
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parent_entity: "[[salmon-wallet]]"
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platform: futardio
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proposal_url: "https://www.futard.io/launch/Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF"
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proposal_date: 2026-03-03
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resolution_date: 2026-03-04
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category: fundraise
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summary: "Open-source wallet seeking $375K for 12-month operational runway through futarchy-governed raise"
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key_metrics:
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raise_target: "$375,000"
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total_committed: "$97,535"
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oversubscription_ratio: 0.26
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token: "SAL (Salmon Token)"
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token_mint: "DDPW4sZT9GsSb2mSfY9Yi9EBZGnBQ2LvvJTXCpnLmeta"
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launch_address: "Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF"
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monthly_burn: "$25,000"
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planned_runway: "12 months"
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tracked_by: rio
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created: 2026-03-11
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---
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# Salmon Wallet: Futardio Fundraise
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## Summary
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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.
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## Market Data
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- **Outcome:** Failed (Refunding)
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- **Raise Target:** $375,000
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- **Total Committed:** $97,535 (26% of target)
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- **Launch Date:** 2026-03-03
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- **Closed Date:** 2026-03-04
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- **Token:** SAL (Salmon Token)
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- **Platform:** Futardio v0.7
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## Budget Breakdown
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- **Monthly Burn:** $25,000
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- Team: $18,300/mo (73%)
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- Infrastructure: $4,200/mo (17%)
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- Growth & Ecosystem: $2,000/mo (8%)
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- Governance, Legal & Contingency: $500/mo (2%)
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## Significance
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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.
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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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## Relationship to KB
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- [[salmon-wallet]] - parent entity
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- [[futardio]] - launch platform
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- [[metadao]] - governance mechanism provider
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- Empirical evidence for [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]]
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- Budget structure demonstrates [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]]
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