From 4bafb7150f2b250e1b559da51f1b2a5d34619e51 Mon Sep 17 00:00:00 2001 From: m3taversal Date: Wed, 18 Mar 2026 18:30:44 +0000 Subject: [PATCH] =?UTF-8?q?ingestion:=20archive=20futardio=20launch=20?= =?UTF-8?q?=E2=80=94=202026-03-03-futardio-launch-cloak.md?= MIME-Version: 1.0 Content-Type: text/plain; charset=UTF-8 Content-Transfer-Encoding: 8bit --- .../2026-03-03-futardio-launch-cloak.md | 219 ++++++++++++++++++ 1 file changed, 219 insertions(+) create mode 100644 inbox/archive/2026-03-03-futardio-launch-cloak.md diff --git a/inbox/archive/2026-03-03-futardio-launch-cloak.md b/inbox/archive/2026-03-03-futardio-launch-cloak.md new file mode 100644 index 00000000..9615b383 --- /dev/null +++ b/inbox/archive/2026-03-03-futardio-launch-cloak.md @@ -0,0 +1,219 @@ +--- +type: source +title: "Futardio: Cloak fundraise goes live" +author: "futard.io" +url: "https://www.futard.io/launch/9MqyiXXJUAXQ1Uy5j2EV8hq21UeR3ruukWkZ1XGNhg3R" +date: 2026-03-03 +domain: internet-finance +format: data +status: unprocessed +tags: [futardio, metadao, futarchy, solana] +event_type: launch +--- + +## Launch Details +- Project: Cloak +- Description: Cloak is the unified private layer on Solana - enabling retail and institutional traders to accumulate assets anonymously. +- Funding target: $300,000.00 +- Total committed: $1,455.00 +- Status: Refunding +- Launch date: 2026-03-03 +- URL: https://www.futard.io/launch/9MqyiXXJUAXQ1Uy5j2EV8hq21UeR3ruukWkZ1XGNhg3R + +## Team / Description + +# Cloak: Unified Private Layer on Solana + +Every DCA order on Solana is a public broadcast. Cloak routes your trades through a ZK-proof privacy pool so nobody — not Arkham, not front-running bots, not copy traders — can link your wallet to your strategy. + +Cloak is building private DCA infrastructure on Solana — enabling retail and institutional traders to accumulate assets without exposing their strategy on-chain. + +--- + +## What We're Building + +DCA on Solana is fully transparent by default. Your wallet address, buy amounts, frequency, and accumulated position are permanently visible to anyone with a block explorer. For retail users this is annoying. For whales and funds running $100K–$5M/month accumulation strategies, it's a 2–8% hidden tax per trade — from MEV extraction, copy trading, and surveillance tools like Arkham Intelligence and Nansen. + +Cloak fixes this. Funds enter a ZK-proof privacy pool, trades execute from unlinkable session wallets via Jupiter, and the on-chain link between your wallet and your strategy is cryptographically broken. Sign once. The keeper runs your DCA automatically. Your main wallet never touches a DEX. + +We're live in private beta. The protocol supports private DCA into SOL, cbBTC (Coinbase wrapped Bitcoin), and ZEC. Solana Blinks support is shipped — users can initiate private DCA orders from any Blinks-compatible interface. Invite-only access at [usecloak.xyz](https://usecloak.xyz). + +--- + +## Use of Funds + +**Raise target: $300,000** +**Monthly team allowance: $10,000 total ($5,000 per person)** + +The raise covers 24 months of runway for a 2-person team, plus a front-loaded security audit and infrastructure costs. + +| Category | Allocation | Amount | What It Covers | +|----------|-----------|--------|----------------| +| Team | 40% | $120,000 | Vaibhav + Prasad, $5K/month each (~12 months explicit; treasury reserve extends to 24 months) | +| Security Audit | 10% | $30,000 | Smart contract + ZK proof audit — front-loaded in months 2–3 | +| Infrastructure | 6% | $18,000 | RPC (Helius/Quicknode), hosting, Supabase, keeper bot — ~$1,500/month | +| Operations | 4% | $12,000 | Legal basics, domain, marketing, misc over 12 months | +| Treasury Reserve | 40% | $120,000 | Held in treasury for scaling, additional hires, or future audits post-revenue | + +The team cannot access more than the $10,000 monthly allowance without a governance proposal. The security audit ($30K) and infrastructure ($18K) are budgeted separately and spent on schedule regardless of governance — these are non-discretionary. + +Post-revenue, protocol fees cover operations and the treasury allowance redirects to scaling. + +--- + +## Why Private DCA + +Every DEX trade on Solana is permanently public. Most users don't realize what that exposes: + +- **MEV extraction** — $370M–$500M extracted from Solana users via sandwich attacks over 16 months (mid-2025). DCA orders are the easiest target because their schedule is predictable. +- **Copy trading** — anyone can replicate your exact accumulation strategy in real time. You do the research; they ride your conviction. +- **Surveillance** — Arkham Intelligence tracks 800M+ addresses. Lookonchain broadcasts every $100K+ move to millions of followers. Institutions running on-chain DCA are broadcasting to their competitors. + +The information leakage cost to a whale running a $500K/month DCA is estimated at $10,000–$40,000 per month in adverse price impact alone. Cloak's fee at 0.25% on that volume is $1,250. The math is obvious. + +No dedicated privacy DCA product exists on any chain. The category is entirely greenfield. + +--- + +## What We've Done So Far + +Built and shipped during the Solana Cypherpunk Hackathon. Now in private beta on mainnet. + +- Integrated Privacy.cash ZK-proof privacy pools on Solana — deposits are cryptographic commitments, ownership is provably hidden +- Built a keeper execution pipeline — sign once, automated DCA execution on schedule via Jupiter +- Shipped session wallet architecture — ephemeral wallets per DCA strategy, unlinkable to depositor via Arkham or Nansen clustering +- Integrated Jupiter for best-price execution across all supported assets +- Launched Solana Blinks support — private DCA orders embeddable in any Blinks-compatible interface +- Encrypted off-chain DCA configuration — schedule and amounts invisible to on-chain observers +- Beta code gating system with waitlist and invite-only access +- Live on Solana mainnet with active private beta users + +## Early Wins + +**First RWA Integration — Oro (gold)** + +Cloak is the first protocol to offer private DCA into real-world assets on Solana. We've integrated Oro, making Cloak the private distribution layer for tokenized gold on Solana. Every DCA trade auto-accumulates gold from leftover change. + +This positions Cloak beyond crypto — anyone accumulating gold on-chain now has a private, automated way to do it. + +--- + +## Team + +**Vaibhav** — Co-founder. Engineer at CoinDCX. Previously co-founded PermaSign. Superteam contributor. Early engineer at Instadapp and Push Chain. Built Cloak end-to-end: the ZK privacy pool integration, keeper execution engine, session wallet architecture, frontend, and API layer. + +**Prasad** — Co-founder. Founding Engineer at Stealth. Previously co-founded PermaSign. Superteam contributor. Led the Blinks integration, institutional API routes, and backend infrastructure. + +Two founders. Both repeat builders. One working product on mainnet. No overhead. + +--- + +## Raise Details + +Raise Target: $300,000 +Monthly Allowance: $10,000 ($5,000 per person) +Raise Window: 24 hours on Futardio (permissionless) + +Total Token Supply — 15.9M $CLOAK max (12.9M circulating at launch): + +| Allocation | Tokens | Share | +|-----------|--------|-------| +| ICO tokens | 10,000,000 | 62.9% | +| Liquidity provision | 2,900,000 | 18.2% | +| Team performance package | 3,000,000 | 18.9% | + +ICO price: $0.03 per token — FDV at launch: ~$477,000. + +Liquidity provision breakdown: +- 2,000,000 tokens on Futarchy AMM +- 900,000 tokens on Meteora pool +- 20% of funds raised ($60,000) paired with LP tokens + +If the raise does not reach $300K within 24 hours — full refunds. If the target is reached — treasury, spending limits, and liquidity deploy automatically. + +**Team allocation — performance only** + +3,000,000 tokens are locked at launch. Five tranches unlock at 2x, 4x, 8x, 16x, and 32x the ICO price ($0.06, $0.12, $0.24, $0.48, $0.96), with a minimum 18-month cliff before any unlock (evaluated via 3-month TWAP, not spot price). + +At launch, 0 team tokens are circulating. If the token never reaches 2x ($0.06), the team receives nothing beyond the monthly allowance. + +--- + +## Execution Plan + +Monthly burn: ~$11,500 ($10K team + ~$1,500 infrastructure). 24+ months runway from the raise. + +**Now (Live)** +- Private DCA into SOL, BTC, ZEC +- First RWA integration — Oro (tokenized gold). Cloak is already the private distribution layer for gold on Solana. + +**Next (Q2–Q3 2026)** +- More RWA integrations beyond gold +- Expanded token support across Solana ecosystem +- Private transfers and swaps — not just DCA, but any private on-chain movement + +**Vision (2026+)** +- Unified private DeFi layer across multiple chains + +| Quarter | Milestones | +|---------|-----------| +| Q2 2026 (months 1–3) | Security audit complete. Public launch — remove invite gate. First whale onboarding (manual, white-glove). Additional RWA integrations beyond Oro. Target: first $1M–$5M in DCA volume processed. | +| Q3 2026 (months 4–6) | Expanded token support. Private transfers and swaps. Institutional API launch (programmatic DCA creation, webhooks, monitoring). First 5–10 whales at $50K+/month. Target: $5M–$20M monthly volume. | +| Q4 2026 (months 7–9) | Protocol fee revenue covers infrastructure costs. Confidential Balances integration. Target: $20M–$50M monthly volume — fee revenue self-sustains operations. | +| Q1 2027 (months 10–12) | Multi-chain expansion begins. Treasury allowance redirects to scaling. Target: $50M+ monthly volume, protocol approaching profitability. | + +All figures are approximate and subject to change. Expenditures beyond the monthly allowance require governance approval. + +--- + +## Long-Term Vision + +Cloak starts as a DCA product. It ends as the privacy layer for all Solana execution. + +The architecture we've built — ZK pools, session wallets, keeper execution, encrypted off-chain config — is reusable for any recurring on-chain action that shouldn't be public. DCA is the first application. Private TWAP orders, private limit orders, and private DAO treasury diversification follow naturally. + +Every user who deposits into Cloak increases the Privacy.cash anonymity set, making every other user's privacy objectively stronger. That's a network effect that compounds with scale. Competitors launching later face a cold-start problem. We don't. + +Worst case: the first and only private DCA product on Solana, used by whales who can't afford to broadcast their strategies. Best case: the privacy execution standard for all of DeFi. + +--- + +## Links + +- Website: [usecloak.xyz](https://usecloak.xyz) +- X: [@cloakdefi](https://x.com/cloakdefi) +- GitHub: [github.com/vaibhav0806/cloak-dca](https://github.com/vaibhav0806/cloak-dca) + +--- + +## IP & Legal + +*Note: Cloak is not a financial product. Tokens represent governance participation in a DAO. No revenue sharing, yields, or returns are promised or implied.* + +**GitHub:** github.com/vaibhav0806/cloak-dca — maintained by the team on behalf of the DAO entity post-raise. + +**Domain:** usecloak.xyz — to be managed on behalf of the DAO entity. + +**Brand assets:** Cloak wordmark, icon, and brand kit — to be managed on behalf of the DAO entity. + +**Social accounts:** @cloakdefi on X — managed by the team on behalf of the DAO entity post-raise. + +**Deployed contracts:** Privacy.cash pool integration on Solana mainnet. Any new program deployments or token mints post-raise will be owned by the DAO entity, managed by the team. + +**Infrastructure:** Supabase database, Railway hosting, keeper bot — to be managed on behalf of the DAO entity. Any infrastructure created post-raise owned by the DAO entity. + +**Licenses:** Code is open source (MIT). GitHub administered by the team on behalf of the DAO entity. + + +## Links + +- Website: https://usecloak.xyz +- Twitter: https://x.com/cloakdefi + +## Raw Data + +- Launch address: `9MqyiXXJUAXQ1Uy5j2EV8hq21UeR3ruukWkZ1XGNhg3R` +- Token: 8RS (8RS) +- Token mint: `8RSpKqJFeF6ipThWDXP284mE2ufmfeHwjdEjduQ2meta` +- Version: v0.7 +- Closed: 2026-03-04