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

@@ -9,24 +9,28 @@ platform: futardio
 key_metrics:
   raise_target: "$300,000"
   total_committed: "$1,455"
+  raise_outcome: "refunded"
+  token_symbol: "8RS"
   ico_price: "$0.03"
-  token_supply: "15,900,000"
-  circulating_at_launch: "12,900,000"
-  team_allocation: "3,000,000 (performance-locked)"
+  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) through ZK-proof privacy pools and session wallet architecture. The protocol routes trades through unlinkable wallets to prevent on-chain surveillance, MEV extraction, and copy trading. Launched via Futardio fundraise on 2026-03-03, the raise failed to meet its $300K target within 24 hours, collecting only $1,455 before entering refund status.
+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 targeting $300K for 24-month runway; private beta live on mainnet with SOL, cbBTC, ZEC support and Oro (tokenized gold) integration
-- **2026-03-04** — Fundraise closed in refunding status after collecting $1,455 of $300K target (0.49% of goal)
+- **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
-- [[Jupiter]] — DEX integration for trade execution
-- [[privacy-infrastructure]] — ZK-proof privacy pools via Privacy.cash
+- Privacy-focused DeFi on Solana
+- Failed to achieve product-market fit despite technical implementation

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

@@ -12,7 +12,7 @@ event_type: launch
 processed_by: rio
 processed_date: 2026-03-11
 extraction_model: "anthropic/claude-sonnet-4.5"
-extraction_notes: "Futardio launch for Cloak privacy DCA protocol. Failed fundraise (0.49% of target). Entity created for failed launch. No novel claims extracted — privacy DCA mechanics and futarchy fundraising dynamics already covered in existing KB claims. Source contains detailed technical architecture and team info but no arguable propositions beyond what's already captured in existing futarchy and privacy infrastructure claims."
+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
@@ -224,10 +224,12 @@ Worst case: the first and only private DCA product on Solana, used by whales who
 
 
 ## Key Facts
-- Cloak raised $1,455 of $300,000 target (0.49%) before entering refund status (2026-03-04)
-- Cloak integrated Privacy.cash ZK-proof privacy pools on Solana mainnet
+- 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)
-- Team structure: 2 founders (Vaibhav, Prasad), $10K/month burn rate, 24-month runway target
-- Token allocation: 62.9% ICO, 18.2% liquidity, 18.9% team (performance-locked with 2x-32x price triggers)
-- Cloak built during Solana Cypherpunk Hackathon, launched private beta on mainnet
-- MEV extraction on Solana estimated at $370M-$500M over 16 months (mid-2025)
+- 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