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 3)

Pentagon-Agent: Rio <HEADLESS>

entities/internet-finance/cloak.md

@@ -1,37 +1,42 @@
 ---
 type: entity
 entity_type: company
-name: "Cloak"
+name: Cloak
 domain: internet-finance
-status: failed
+status: refunding
 founded: 2026
-platform: "Solana"
+platform: futardio
+tracked_by: rio
+created: 2026-03-11
 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"
-  circulating_at_launch: "12,900,000"
-tracked_by: rio
-created: 2026-03-11
+  token_supply_max: "15.9M"
+  token_supply_circulating: "12.9M"
+  allocation_ico: "62.9%"
+  allocation_liquidity: "18.2%"
+  allocation_team: "18.9%"
 ---
 
 # 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 enabling 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, targeting retail and institutional traders who face MEV extraction and surveillance costs from transparent on-chain execution.
 
 ## 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 with $300K target for 24-month runway (2-person team: Vaibhav + Prasad)
+- **2026-03-03** — Live in private beta on Solana mainnet with DCA support for SOL, cbBTC, ZEC; Solana Blinks integration shipped
+- **2026-03-03** — First RWA integration announced: Oro (tokenized gold) private DCA
+- **2026-03-04** — Fundraise closed in refunding status after raising only $1,455 of $300K target
 
 ## Relationship to KB
 - [[futardio]] — launch platform
 - [[MetaDAO]] — futarchy governance infrastructure
+- [[Privacy.cash]] — ZK-proof privacy pool integration
 - [[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
+- Product addresses MEV extraction problem documented in [[MEV extraction cost estimates]]
+
+## Notes
+Raise failed to reach minimum threshold despite novel privacy-DCA product positioning and working mainnet beta. Team proposed performance-based token unlocks (5 tranches at 2x, 4x, 8x, 16x, 32x ICO price with 18-month cliff). Fundraise structure followed futarchy-governed unruggable ICO model with automatic refund on target miss.

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 event for privacy-DCA protocol. Fundraise failed (<1% of target). Entity created to track the launch outcome. No novel claims extracted — privacy-DCA value proposition and MEV costs are documented elsewhere. Team credentials and technical architecture are factual but not arguable propositions. Performance-based vesting structure is interesting but not generalizable from single failed case."
 ---
 
 ## Launch Details
@@ -224,11 +224,13 @@ 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 $300K target on Futardio (2026-03-03 to 2026-03-04)
+- Cloak integrated Privacy.cash ZK-proof pools on Solana mainnet
+- Cloak supports private DCA for SOL, cbBTC, ZEC with Jupiter execution
+- Cloak shipped Solana Blinks support for private DCA initiation
+- Cloak integrated Oro (tokenized gold) as first RWA private DCA target
+- Cloak team: Vaibhav (CoinDCX, PermaSign, Instadapp, Push Chain) + Prasad (Stealth, PermaSign)
+- Cloak token allocation: 62.9% ICO, 18.2% liquidity, 18.9% team (performance-locked)
+- Cloak proposed $10K/month team allowance ($5K per founder) from $300K raise
+- Cloak team tokens unlock at 2x, 4x, 8x, 16x, 32x ICO price with 18-month cliff minimum
+- MEV extraction on Solana estimated at $370M-$500M over 16 months (mid-2025 data cited by Cloak)