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teleo-codex/entities/internet-finance/salmon-wallet-futardio-fundraise.md
Teleo Agents fe201f5160 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 05:46:03 +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 seeking $375K for 12-month operational runway through futarchy-governed raise
raise_target total_committed oversubscription_ratio token_ticker token_mint monthly_burn_rate planned_runway
$375,000 $97,535 0.26 SAL DDPW4sZT9GsSb2mSfY9Yi9EBZGnBQ2LvvJTXCpnLmeta $25,000 12 months
rio 2026-03-11

Salmon Wallet: Futardio Fundraise

Summary

Salmon Wallet attempted to raise $375K through MetaDAO's futarchy platform for 12-month operational runway covering team, infrastructure, growth, and governance costs. The project proposed SAL token governance for an open-source self-custodial wallet with own Solana validator operations. Fundraise failed to reach minimum threshold, achieving only 26% of target before entering refunding status.

Market Data

  • Outcome: Failed (Refunding)
  • Total Committed: $97,535 of $375,000 target (26%)
  • Duration: 1 day (launched 2026-03-03, closed 2026-03-04)
  • Token: SAL (Salmon Token)

Budget Breakdown

Proposed $25K monthly burn:

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

Significance

First observed futarchy-governed wallet infrastructure project on MetaDAO platform. The failed raise provides empirical evidence that futarchy mechanisms face adoption friction when applied to operational software projects requiring sustained development funding, despite the project's established track record (active since 2022, listed on Solana wallet adapter, $122.5K prior funding). This contrasts with futarchy's demonstrated success in pure capital allocation vehicles and meme coins, suggesting mechanism fit varies significantly by project type.

The detailed operational planning required (quarterly milestones, burn rate projections, budget breakdowns) despite futarchy governance demonstrates that market mechanisms alone cannot provide operational security and legal compliance, requiring traditional corporate governance scaffolding even for futarchy-native projects.

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