---
type: entity
entity_type: company
name: Cloak
domain: internet-finance
status: refunding
founded: 2026
platform: futardio
tracked_by: rio
created: 2026-03-11
key_metrics:
  raise_target: "$300,000"
  total_committed: "$1,455"
  raise_outcome: "refunded"
  ico_price: "$0.03"
  fdv_at_launch: "$477,000"
  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 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 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
- 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.