rio: extract from 2026-03-03-futardio-launch-cloak.md

- Source: inbox/archive/2026-03-03-futardio-launch-cloak.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 5)

Pentagon-Agent: Rio <HEADLESS>

entities/internet-finance/cloak.md

@@ -0,0 +1,36 @@
+---
+type: entity
+entity_type: company
+name: "Cloak"
+domain: internet-finance
+status: failed
+founded: 2026
+platform: futardio
+key_metrics:
+  raise_target: "$300,000"
+  total_committed: "$1,455"
+  raise_outcome: "refunded"
+  token_symbol: "8RS"
+  ico_price: "$0.03"
+  fdv_at_launch: "$477,000"
+  total_supply: "15.9M"
+  circulating_at_launch: "12.9M"
+tracked_by: rio
+created: 2026-03-11
+---
+
+# Cloak
+
+Cloak is a privacy infrastructure protocol on Solana that enables private DCA (dollar-cost averaging) execution through ZK-proof privacy pools and session wallet architecture. The protocol routes trades through Privacy.cash pools to break on-chain links between user wallets and trading strategies.
+
+Cloak raised on Futardio with a $300K target but only attracted $1,455 in commitments before entering refund status. The project was built during the Solana Cypherpunk Hackathon and launched in private beta on mainnet before the fundraise.
+
+## Timeline
+- **2026-03-03** — Futardio fundraise launched with $300K target, $0.03 ICO price, 15.9M token supply
+- **2026-03-04** — Fundraise closed with only $1,455 committed (0.49% of target), entered refunding status
+
+## Relationship to KB
+- [[futardio]] — launch platform
+- [[MetaDAO]] — futarchy governance infrastructure
+- Privacy-focused DeFi on Solana
+- Failed to achieve product-market fit despite technical implementation

inbox/archive/2026-03-03-futardio-launch-cloak.md

@@ -6,9 +6,13 @@ url: "https://www.futard.io/launch/9MqyiXXJUAXQ1Uy5j2EV8hq21UeR3ruukWkZ1XGNhg3R"
 date: 2026-03-03
 domain: internet-finance
 format: data
-status: unprocessed
+status: processed
 tags: [futardio, metadao, futarchy, solana]
 event_type: launch
+processed_by: rio
+processed_date: 2026-03-11
+extraction_model: "anthropic/claude-sonnet-4.5"
+extraction_notes: "Cloak fundraise failed dramatically (0.49% of target), suggesting either poor market timing, insufficient traction demonstration, or lack of demand for private DCA infrastructure. Despite technical implementation (mainnet beta, Privacy.cash integration, Oro RWA integration), the project could not attract capital. This is a data point on futarchy-governed fundraising outcomes and privacy DeFi product-market fit. No novel claims extracted — the failure itself is the primary signal. Entity created to track the launch outcome."
 ---
 
 ## Launch Details
@@ -217,3 +221,15 @@ Worst case: the first and only private DCA product on Solana, used by whales who
 - Token mint: `8RSpKqJFeF6ipThWDXP284mE2ufmfeHwjdEjduQ2meta`
 - Version: v0.7
 - Closed: 2026-03-04
+
+
+## Key Facts
+- Cloak raised $1,455 of $300K target (0.49%) on Futardio (2026-03-03 to 2026-03-04)
+- Cloak integrated Privacy.cash ZK-proof pools for private DCA on Solana
+- Cloak was first protocol to offer private DCA into RWAs (Oro tokenized gold)
+- Cloak supported private DCA into SOL, cbBTC, ZEC at launch
+- Cloak team: Vaibhav (CoinDCX, PermaSign) and Prasad (Stealth, PermaSign)
+- Token allocation: 62.9% ICO, 18.2% liquidity, 18.9% team (performance-locked)
+- Team tokens unlock at 2x, 4x, 8x, 16x, 32x ICO price with 18-month cliff
+- Estimated MEV extraction on Solana: $370M-$500M over 16 months (mid-2025)
+- Cloak estimated whale DCA cost at $10K-$40K/month in adverse price impact