---
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"
  circulating_at_launch: "12,900,000"
tracked_by: rio
created: 2026-03-11
---

# Cloak

Cloak is a privacy DCA (dollar-cost averaging) protocol on Solana that enables users to accumulate assets anonymously 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.

Built during the Solana Cypherpunk Hackathon by co-founders Vaibhav (CoinDCX engineer, PermaSign co-founder) and Prasad (Stealth founding engineer, PermaSign co-founder). The protocol integrates Privacy.cash ZK-proof pools with Jupiter for execution, supporting private DCA into SOL, cbBTC, and ZEC. First RWA integration with Oro (tokenized gold) positioned Cloak as the private distribution layer for real-world assets on Solana.

## Timeline
- **2026-03-03** — Futardio fundraise launched targeting $300K with 24-hour window. ICO offered 10M tokens at $0.03 ($477K FDV). Team allocation: 3M tokens performance-locked at 2x/4x/8x/16x/32x price multiples with 18-month cliff. Product live in private beta on mainnet with Solana Blinks support.
- **2026-03-04** — Fundraise closed with $1,455 committed (0.49% of target). Status: refunding. All funds returned to participants.

## Relationship to KB
- [[futardio]] — launch platform
- [[MetaDAO]] — futarchy governance infrastructure
- [[Jupiter]] — DEX execution layer
- [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]] — counter-example: serious utility product failed to attract capital through futarchy mechanism
- [[internet-capital-markets-compress-fundraising-timelines]] — 24-hour raise window demonstrates speed but not necessarily success