---
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-focused DCA (dollar-cost averaging) protocol on Solana that enables traders to accumulate assets anonymously using ZK-proof privacy pools. The protocol routes trades through unlinkable session wallets to break the on-chain connection between user wallets and trading strategies. Cloak raised via Futardio's futarchy-governed ICO mechanism but failed to reach its $300K target, raising only $1,455 before refunding.

## Timeline
- **2026-03-03** — [[cloak-futardio-fundraise]] launched on Futardio with $300K target, offering private DCA into SOL, cbBTC, and ZEC with Privacy.cash ZK-proof integration
- **2026-03-04** — Fundraise closed with $1,455 committed (0.49% of target), triggering automatic refund; first RWA integration with Oro (tokenized gold) announced during raise

## Relationship to KB
- [[futardio]] — fundraising platform
- [[MetaDAO]] — futarchy governance infrastructure
- [[privacy-cash]] — ZK-proof privacy pool provider
- [[Jupiter]] — DEX aggregator for trade execution
- [[Oro]] — first RWA integration partner (tokenized gold)
- Product demonstrates [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]] failure mode when value proposition unclear
- Architecture relevant to privacy DeFi and institutional on-chain trading use cases