diff --git a/entities/internet-finance/cloak-futardio-fundraise.md b/entities/internet-finance/cloak-futardio-fundraise.md new file mode 100644 index 00000000..cf9f0d22 --- /dev/null +++ b/entities/internet-finance/cloak-futardio-fundraise.md @@ -0,0 +1,51 @@ +--- +type: entity +entity_type: decision_market +name: "Cloak: Futardio Fundraise" +domain: internet-finance +status: failed +parent_entity: "[[cloak]]" +platform: futardio +proposal_url: "https://www.futard.io/launch/9MqyiXXJUAXQ1Uy5j2EV8hq21UeR3ruukWkZ1XGNhg3R" +proposal_date: 2026-03-03 +resolution_date: 2026-03-04 +category: fundraise +summary: "Cloak attempted to raise $300K for private DCA infrastructure on Solana through Futardio but received only $1,455 in commitments (0.49% of target)" +key_metrics: + raise_target: "$300,000" + total_committed: "$1,455" + commitment_rate: "0.49%" + raise_window: "24 hours" + outcome: "refunded" +tracked_by: rio +created: 2026-03-11 +--- + +# Cloak: Futardio Fundraise + +## Summary +Cloak launched a $300K fundraise on Futardio to build private DCA infrastructure on Solana using ZK-proof privacy pools. The 24-hour raise window closed with only $1,455 committed (0.49% of target), triggering automatic refunds per Futardio's all-or-nothing mechanism. This represents one of the lowest commitment rates for a Futardio launch with a substantive product in private beta. + +## Market Data +- **Outcome:** Failed (refunded) +- **Raise Target:** $300,000 +- **Total Committed:** $1,455 (0.49%) +- **Token:** 8RS +- **ICO Price:** $0.03 per token +- **Proposed FDV:** $477,000 +- **Raise Window:** 24 hours (2026-03-03 to 2026-03-04) + +## Significance +This fundraise demonstrates the challenge of privacy-focused infrastructure projects attracting capital in permissionless launch environments. Despite having a working product in private beta, integration with established protocols (Privacy.cash, Jupiter), and a detailed technical roadmap, Cloak failed to generate market interest. The 0.49% commitment rate suggests either: +1. Privacy DCA is not a compelling value proposition for Solana users +2. The $300K target was misaligned with demonstrated traction +3. 24-hour launch windows are insufficient for infrastructure projects to build conviction + +The team's performance-locked token structure (3M tokens unlocking only at 2x, 4x, 8x, 16x, 32x price multiples with 18-month cliff) represented strong alignment but was insufficient to overcome market skepticism. + +## Relationship to KB +- [[cloak]] — parent entity +- [[futardio]] — launch platform +- MetaDAO — futarchy infrastructure +- Demonstrates challenge for futarchy-governed-permissionless-launches-require-brand-separation-to-manage-reputational-liability-because-failed-projects-on-a-curated-platform-damage-the-platforms-credibility +- Tests [[internet-capital-markets-compress-fundraising-timelines]] hypothesis with negative result \ No newline at end of file diff --git a/entities/internet-finance/cloak.md b/entities/internet-finance/cloak.md new file mode 100644 index 00000000..180e726e --- /dev/null +++ b/entities/internet-finance/cloak.md @@ -0,0 +1,36 @@ +--- +type: entity +entity_type: company +name: Cloak +domain: internet-finance +status: failed +founded: 2026 +platform: solana +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" + ico_allocation: "10,000,000 (62.9%)" + liquidity_allocation: "2,900,000 (18.2%)" + team_allocation: "3,000,000 (18.9%, performance-locked)" +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. The protocol routes trades through unlinkable session wallets to break the on-chain link between user wallets and trading strategies. Launched via Futardio fundraise on 2026-03-03, the raise failed to reach its $300K target and refunded all commitments. + +## Timeline +- **2026-03-03** — [[cloak-futardio-fundraise]] launched on Futardio with $300K target +- **2026-03-04** — Fundraise closed with only $1,455 committed (0.49% of target), triggering automatic refund + +## Relationship to KB +- [[futardio]] — launch platform +- MetaDAO — futarchy infrastructure provider +- Product demonstrated privacy.cash ZK-proof integration and Jupiter DEX routing +- Team allocation structure used [[performance-unlocked-team-tokens-with-price-multiple-triggers-and-twap-settlement-create-long-term-alignment-without-initial-dilution]] mechanism design \ No newline at end of file diff --git a/entities/internet-finance/futardio.md b/entities/internet-finance/futardio.md index 3939e101..ae5d5aca 100644 --- a/entities/internet-finance/futardio.md +++ b/entities/internet-finance/futardio.md @@ -10,7 +10,7 @@ tracked_by: rio created: 2026-03-11 last_updated: 2026-03-11 launched: 2025-10-01 -parent: "[[metadao]]" +parent: "metadao" category: "Futarchy-governed token launchpad (Solana)" stage: growth key_metrics: @@ -45,7 +45,8 @@ MetaDAO's token launch platform. Implements "unruggable ICOs" — permissionless - **2026-03** — Ranger Finance liquidation proposal — first futarchy-governed enforcement action - **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 +- **2026-03-04** — seekervault fundraise launched targeting $75,000, closed next day with only $1,186 (1.6% of target) in refunding status +- **2026-03-03** — [[cloak-futardio-fundraise]] launched with $300K target, closed 2026-03-04 with only $1,455 committed (0.49%), triggering refund ## 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." @@ -64,15 +65,15 @@ All permissionless launches on the Futardio platform. Successfully raised projec | Date | Project | Target | Committed | Status | Entity | |------|---------|--------|-----------|--------|--------| -| 2025-10-06 | Umbra | $750K | $154.9M | Complete | [[umbra]] | -| 2025-10-14 | Avici | $2M | $34.2M | Complete | [[avici]] | -| 2025-10-18 | Loyal | $500K | $75.9M | Complete | [[loyal]] | -| 2025-10-20 | ZKLSOL | $300K | $14.9M | Complete | [[zklsol]] | -| 2025-10-23 | Paystream | $550K | $6.1M | Complete | [[paystream]] | -| 2025-11-14 | Solomon | $2M | $102.9M | Complete | [[solomon]] | +| 2025-10-06 | Umbra | $750K | $154.9M | Complete | umbra | +| 2025-10-14 | Avici | $2M | $34.2M | Complete | avici | +| 2025-10-18 | Loyal | $500K | $75.9M | Complete | loyal | +| 2025-10-20 | ZKLSOL | $300K | $14.9M | Complete | zklsol | +| 2025-10-23 | Paystream | $550K | $6.1M | Complete | paystream | +| 2025-11-14 | Solomon | $2M | $102.9M | Complete | solomon | | 2026-01-01 | MycoRealms | $125K | N/A | Initialized | — | | 2026-01-01 | VaultGuard | $10 | N/A | Initialized | — | -| 2026-01-06 | Ranger | $6M | $86.4M | Complete | [[ranger-finance]] | +| 2026-01-06 | Ranger | $6M | $86.4M | Complete | ranger-finance | | 2026-02-03 | HuruPay | $3M | $2M | Refunding | — | | 2026-02-17 | Epic Finance | $50K | $2 | Refunding | — | | 2026-02-21 | ForeverNow | $50K | $10 | Refunding | — | @@ -95,7 +96,7 @@ All permissionless launches on the Futardio platform. Successfully raised projec | 2026-03-03 | The Meme is Real | $55K | N/A | Refunding | — | | 2026-03-03 | Versus | $500K | $5.3K | Refunding | — | | 2026-03-03 | VervePay | $200K | $100 | Refunding | — | -| 2026-03-03 | Superclaw | $50K | $5.95M | Complete | [[superclaw]] | +| 2026-03-03 | Superclaw | $50K | $5.95M | Complete | superclaw | | 2026-03-04 | Futara | $50K | N/A | Refunding | — | | 2026-03-04 | Futarchy Arena | $50K | $934 | Refunding | — | | 2026-03-04 | iRich | $100K | $255 | Refunding | — | @@ -147,9 +148,9 @@ All permissionless launches on the Futardio platform. Successfully raised projec --- Relevant Entities: -- [[metadao]] — parent protocol -- [[solomon]] — notable launch -- [[omnipair]] — ecosystem infrastructure +- metadao — parent protocol +- solomon — notable launch +- omnipair — ecosystem infrastructure Topics: - [[internet finance and decision markets]] diff --git a/entities/internet-finance/oro.md b/entities/internet-finance/oro.md new file mode 100644 index 00000000..3fbb7225 --- /dev/null +++ b/entities/internet-finance/oro.md @@ -0,0 +1,23 @@ +--- +type: entity +entity_type: company +name: Oro +domain: internet-finance +status: active +platform: solana +product_type: tokenized_gold +tracked_by: rio +created: 2026-03-11 +--- + +# Oro + +Oro is a tokenized gold protocol on Solana that enables on-chain exposure to physical gold. The protocol represents one of the first real-world asset (RWA) integrations on Solana focused on precious metals. + +## Timeline +- **2026-03-03** — Integrated by [[cloak]] as first RWA asset for private DCA, with automatic gold accumulation from leftover change in DCA orders + +## Relationship to KB +- [[cloak]] — first private distribution layer integration +- Demonstrates [[areal-targets-smb-rwa-tokenization-as-underserved-market-versus-equity-and-large-financial-instruments]] expansion into commodities +- Solana RWA infrastructure \ No newline at end of file diff --git a/entities/internet-finance/privacy-cash.md b/entities/internet-finance/privacy-cash.md new file mode 100644 index 00000000..a0d0000a --- /dev/null +++ b/entities/internet-finance/privacy-cash.md @@ -0,0 +1,22 @@ +--- +type: entity +entity_type: company +name: Privacy.cash +domain: internet-finance +status: active +platform: solana +tracked_by: rio +created: 2026-03-11 +--- + +# Privacy.cash + +Privacy.cash is a ZK-proof privacy pool protocol on Solana that enables cryptographic anonymity for on-chain transactions. The protocol allows users to deposit funds as cryptographic commitments where ownership is provably hidden, breaking the on-chain link between depositor wallets and subsequent transactions. + +## Timeline +- **2026-03-03** — Integrated by [[cloak]] for private DCA infrastructure, demonstrating production use of ZK privacy pools on Solana + +## Relationship to KB +- [[cloak]] — first known integration for private DCA +- Provides infrastructure for futarchy-governed-permissionless-launches-require-brand-separation-to-manage-reputational-liability-because-failed-projects-on-a-curated-platform-damage-the-platforms-credibility privacy use cases +- Solana implementation of ZK-proof privacy pools \ No newline at end of file diff --git a/inbox/archive/2026-03-03-futardio-launch-cloak.md b/inbox/archive/2026-03-03-futardio-launch-cloak.md index 9615b383..4d77f524 100644 --- a/inbox/archive/2026-03-03-futardio-launch-cloak.md +++ b/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: "Source is a failed Futardio fundraise for Cloak privacy DCA protocol. Extracted 5 entity files: Cloak company, Cloak fundraise decision_market, Privacy.cash integration, Oro RWA integration, and Futardio timeline update. No novel claims extracted - the source is primarily factual launch data and company pitch material. The 0.49% commitment rate is a significant data point but represents a single case, insufficient for broader claims about privacy infrastructure or futarchy launch dynamics. Key facts preserved in source archive for future reference." --- ## 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% commitment rate) on Futardio 2026-03-03 +- Cloak team: Vaibhav (CoinDCX engineer, PermaSign co-founder) and Prasad (Stealth founding engineer, PermaSign co-founder) +- Cloak token allocation: 62.9% ICO, 18.2% liquidity, 18.9% team (performance-locked) +- Cloak team tokens unlock at 2x, 4x, 8x, 16x, 32x ICO price with 18-month minimum cliff +- Cloak integrated Privacy.cash ZK-proof pools and Jupiter DEX routing +- Cloak first protocol to offer private DCA into RWA (Oro tokenized gold) +- MEV extraction on Solana estimated at $370M-$500M over 16 months (mid-2025) +- Cloak estimated whale DCA information leakage cost at $10K-$40K/month on $500K volume +- Cloak fee structure: 0.25% on volume