---
type: entity
entity_type: company
name: "Cloak"
domain: internet-finance
status: failed
founded: 2026
platform: futardio
key_metrics:
  raise_target: "$300,000"
  total_committed: "$1,455"
  raise_outcome: "refunded"
  ico_price: "$0.03"
  token_supply: "15.9M $CLOAK max (12.9M circulating)"
  team_allocation: "3M tokens (18.9%) performance-locked"
  liquidity_allocation: "2.9M tokens (18.2%)"
  ico_allocation: "10M tokens (62.9%)"
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 prevent on-chain surveillance, MEV extraction, and copy trading. Built during the Solana Cypherpunk Hackathon, Cloak launched in private beta on mainnet before attempting a futarchy-governed fundraise on Futardio.

The project raised only $1,455 of its $300,000 target and entered refunding status, making it one of the earliest failed futarchy launches on the platform.

## Timeline

- **2026-03-03** — Futardio fundraise launched with $300K target for 24-month runway covering 2-person team ($10K/month), security audit ($30K), and infrastructure ($18K). Token structure: 10M ICO tokens at $0.03, 2.9M liquidity, 3M team tokens with performance unlocks at 2x/4x/8x/16x/32x ICO price with 18-month cliff.
- **2026-03-04** — Fundraise closed with only $1,455 committed (0.49% of target). Status: refunding. All commitments returned to participants.

## Relationship to KB

- [[futardio]] — launch platform
- [[MetaDAO]] — futarchy governance infrastructure
- [[Privacy.cash]] — ZK-proof privacy pool integration
- [[Jupiter]] — DEX execution layer
- [[Oro]] — first RWA integration (tokenized gold)
- Product demonstrates [[futarchy-variance-creates-portfolio-problem-because-mechanism-selects-both-top-performers-and-worst-performers-simultaneously]] — failed to attract capital despite technical execution
- Architecture relevant to privacy DeFi and anti-surveillance infrastructure discussions