---
type: entity
entity_type: company
name: "ZKLSOL"
domain: internet-finance
handles: ["@ZKLSOL"]
website: https://zklsol.org
status: active
tracked_by: rio
created: 2026-03-11
last_updated: 2026-04-02
parent: "[[metadao]]"
launch_platform: metadao-curated
launch_order: 6
category: "Zero-knowledge privacy mixer with yield (Solana)"
stage: restructuring
token_symbol: "$ZKFG"
token_mint: "ZKFHiLAfAFMTcDAuCtjNW54VzpERvoe7PBF9mYgmeta"
built_on: ["Solana"]
tags: [metadao-curated-launch, ownership-coin, privacy, zk, lst, defi]
competitors: ["Tornado Cash (defunct)", "Railgun", "other privacy mixers"]
source_archive: "inbox/archive/2025-10-20-futardio-launch-zklsol.md"
---

# ZKLSOL

## Overview

Zero-Knowledge Liquid Staking on Solana. Privacy mixer that converts deposited SOL to LST during the mixing period, so users earn staking yield while waiting for privacy — solving the opportunity cost paradox of traditional mixers. Upon deposit, SOL converts to LST and is staked. Users withdraw the LST after a sufficient waiting period without loss of yield.

## Investment Rationale (from raise)

"Cryptocurrency mixers embody a core paradox: robust anonymity requires funds to dwell in the mixer for extended periods... This delays access to capital, clashing with users' need for swift liquidity."

ZKLSOL's insight: if deposited funds are converted to LSTs, the waiting period that privacy requires becomes yield-generating instead of capital-destroying. This aligns anonymity with economic incentives — users are paid to wait for privacy rather than paying an opportunity cost. The design bridges security and efficiency, potentially unlocking wider DeFi privacy adoption.

## ICO Details

- **Platform:** MetaDAO curated launchpad (6th launch)
- **Date:** October 20-24, 2025
- **Target:** $300K
- **Committed:** $14.9M (50x oversubscribed)
- **Final raise:** $969,420
- **Launch mechanism:** Futardio v0.6 (pro-rata)

## Current State (as of early 2026)

- **Stage:** Restructuring
- **Treasury:** $575K USDC remaining (after two buyback rounds)
- **Monthly allowance:** $50K
- **Product:** Devnet app live at app.zklsol.org. Roadmap at roadmap.zklsol.org.
- **Also known as:** Turbine.cash (rebranding reference in some sources)

## Governance Activity — Most Active Treasury Defense

ZKLSOL has the most governance activity of any MetaDAO launch relative to its size. The team voluntarily burned their entire performance package — an extraordinary alignment signal:

| Decision | Date | Outcome | Record |
|----------|------|---------|--------|
| ICO launch | 2025-10-20 | Completed, $969K raised (50x oversubscribed) | [[zklsol-futardio-launch]] |
| Team token burn | 2025-11 | Team burned entire performance package | [[zklsol-burn-team-performance-package]] |
| $200K buyback | 2026-01 | Passed — 4,000 orders over ~14 days at max $0.082/token | [[zklsol-200k-buyback]] |
| $500K restructuring buyback | 2026-02 | Passed — 4,000 orders at max $0.076/token + 50% FutarchyAMM liquidity to treasury | [[zklsol-restructuring-proposal]] |

**Team token burn:** The team voluntarily destroyed their entire performance package to signal alignment with holders. This is the most aggressive team-alignment move in the MetaDAO ecosystem — zero upside for the team beyond whatever tokens they purchased in the ICO like everyone else.

**Restructuring (Feb 2026):** Proph3t proposed the $500K buyback, acknowledging ZKFG had traded below NAV since inception. The proposal also moved 50% of FutarchyAMM liquidity to treasury for operations. Key quote: "When an ownership coin trades at significant discount to NAV, the right thing to do is buybacks until it gets there. We communicate to projects beforehand: you can raise more, but the money you raise will be at risk."

## Open Questions

- **Regulatory risk.** Privacy mixers are the most scrutinized category in crypto after Tornado Cash sanctions. ZKLSOL's LST innovation is clever but doesn't change the regulatory exposure of the mixing function itself.
- **Post-restructuring viability.** Two buyback rounds consumed ~$700K of a $969K raise. Treasury has $575K remaining at $50K/month = ~11 months. Can the product ship before runway expires?
- **Market demand.** Privacy is a feature people say they want but rarely pay for. The mixer market on Solana is small. Does LST-based yield change the demand equation enough?

## Timeline

- **2025-10-20** — MetaDAO curated ICO opens ($300K target)
- **2025-10-24** — ICO closes. $969K raised (50x oversubscribed).
- **2025-11** — Team burns entire performance package tokens
- **2026-01** — $200K treasury buyback (4,000 orders over 14 days, max $0.082/token)
- **2026-02** — $500K restructuring buyback + 50% FutarchyAMM liquidity moved to treasury

---

Relevant Notes:
- [[metadao]] — launch platform (curated ICO #6)

Topics:
- [[internet finance and decision markets]]