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

@@ -5,33 +5,28 @@ name: "Cloak"
 domain: internet-finance
 status: failed
 founded: 2026
-platform: "Solana"
+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: "15,900,000"
+  token_supply: "15,900,000"
   circulating_at_launch: "12,900,000"
+  team_allocation: "3,000,000 (performance-locked)"
 tracked_by: rio
 created: 2026-03-11
 ---
 
 # Cloak
 
-Cloak is a privacy DCA (dollar-cost averaging) protocol on Solana that enables users to accumulate assets anonymously through ZK-proof privacy pools. The protocol routes trades through unlinkable session wallets to break the on-chain link between user wallets and trading strategies.
-
-Built during the Solana Cypherpunk Hackathon by co-founders Vaibhav (CoinDCX engineer, PermaSign co-founder) and Prasad (Stealth founding engineer, PermaSign co-founder). The protocol integrates Privacy.cash ZK-proof pools with Jupiter for execution, supporting private DCA into SOL, cbBTC, and ZEC. First RWA integration with Oro (tokenized gold) positioned Cloak as the private distribution layer for real-world assets on Solana.
+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.
 
 ## Timeline
-- **2026-03-03** — Futardio fundraise launched targeting $300K with 24-hour window. ICO offered 10M tokens at $0.03 ($477K FDV). Team allocation: 3M tokens performance-locked at 2x/4x/8x/16x/32x price multiples with 18-month cliff. Product live in private beta on mainnet with Solana Blinks support.
-- **2026-03-04** — Fundraise closed with $1,455 committed (0.49% of target). Status: refunding. All funds returned to participants.
+- **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)
 
 ## Relationship to KB
 - [[futardio]] — launch platform
 - [[MetaDAO]] — futarchy governance infrastructure
-- [[Jupiter]] — DEX execution layer
-- [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]] — counter-example: serious utility product failed to attract capital through futarchy mechanism
-- [[internet-capital-markets-compress-fundraising-timelines]] — 24-hour raise window demonstrates speed but not necessarily success
+- [[Jupiter]] — DEX integration for trade execution
+- [[privacy-infrastructure]] — ZK-proof privacy pools via Privacy.cash

entities/internet-finance/futardio.md

@@ -46,7 +46,6 @@ MetaDAO's token launch platform. Implements "unruggable ICOs" — permissionless
 
 - **2026-03-07** — Areal DAO launch: $50K target, raised $11,654 (23.3%), REFUNDING status by 2026-03-08 — first documented failed futarchy-governed fundraise on platform
 - **2026-03-04** — [[seekervault]] fundraise launched targeting $75,000, closed next day with only $1,186 (1.6% of target) in refunding status
-- **2026-03-03** — [[cloak]] fundraise launched: $300K target, $1,455 committed (0.49%), refunded after 24-hour window. First major utility-focused project failure on platform.
 ## Competitive Position
 - **Unique mechanism**: Only launch platform with futarchy-governed accountability and treasury return guarantees
 - **vs pump.fun**: pump.fun is memecoin launch (zero accountability, pure speculation). Futardio is ownership coin launch (futarchy governance, treasury enforcement). Different categories despite both being "launch platforms."

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: "Cloak fundraise is a significant data point as the first major utility-focused project failure on Futardio. Previous successful raises (CULT, MYCO) were either meme coins or physical infrastructure with clear tangible outputs. This suggests futarchy-governed launches may select for speculative/tangible projects over pure software utility. No novel claims extracted — the failure itself is the data point. Entity created to track this as a counter-example to the 'futarchy-governed-meme-coins-attract-speculative-capital-at-scale' pattern."
+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."
 ---
 
 ## Launch Details
@@ -224,11 +224,10 @@ Worst case: the first and only private DCA product on Solana, used by whales who
 
 
 ## Key Facts
-- Cloak raised $1,455 of $300K target (0.49% success rate) on Futardio (2026-03-03)
-- MEV extraction on Solana estimated at $370M-$500M over 16 months mid-2025
-- Privacy.cash provides ZK-proof privacy pools on Solana
-- Cloak integrated Oro as first RWA (tokenized gold) for private DCA
-- Team: Vaibhav (CoinDCX, PermaSign) and Prasad (Stealth, PermaSign)
-- Product was live in private beta on mainnet at time of fundraise
-- 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 minimum cliff
+- 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 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)