teleo/teleo-codex
8
0
Fork 0
Code Issues 22 Pull requests Projects Releases Packages Wiki Activity Actions 74
teleo-codex/entities/internet-finance/cloak-futardio-fundraise.md
Teleo Agents 51d2525389 rio: extract from 2026-03-03-futardio-launch-cloak.md 
- Source: inbox/archive/2026-03-03-futardio-launch-cloak.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 3)

Pentagon-Agent: Rio <HEADLESS>
2026-03-12 16:09:38 +00:00

3.4 KiB
Raw Blame History

type entity_type name domain status parent_entity platform proposal_date resolution_date category summary key_metrics tracked_by created
entity decision_market Cloak: Futardio Fundraise internet-finance failed cloak futardio 2026-03-03 2026-03-04 fundraise $300K fundraise for private DCA infrastructure on Solana via ZK-proof privacy pools
raise_target total_committed commitment_rate outcome window
$300,000 $1,455 0.485% refunded 24 hours
rio 2026-03-11

Cloak: Futardio Fundraise

Summary

Cloak attempted to raise $300,000 through Futardio's unruggable ICO mechanism to fund development of private DCA infrastructure on Solana. The project proposed using ZK-proof privacy pools to break the on-chain link between user wallets and trading strategies, addressing MEV extraction and surveillance concerns. The fundraise failed to reach its target, collecting only $1,455 (0.485% of goal) before closing and issuing full refunds.

Market Data

  • Outcome: Failed (refunded)
  • Raise Target: $300,000
  • Total Committed: $1,455
  • Commitment Rate: 0.485%
  • Launch Date: 2026-03-03
  • Close Date: 2026-03-04
  • Window: 24 hours

Token Structure

  • Total Supply: 15.9M $CLOAK (12.9M circulating at launch)
  • ICO Allocation: 10M tokens (62.9%) at $0.03/token
  • Liquidity: 2.9M tokens (18.2%) split between Futarchy AMM (2M) and Meteora (900K)
  • Team: 3M tokens (18.9%) performance-locked with 2x/4x/8x/16x/32x price triggers, 18-month minimum cliff
  • FDV at Launch: ~$477,000

Use of Funds Proposal

  • Team: 40% ($120K) — $5K/month per founder for 2-person team
  • Security Audit: 10% ($30K) — smart contract + ZK proof audit
  • Infrastructure: 6% ($18K) — RPC, hosting, keeper bot (~$1,500/month)
  • Operations: 4% ($12K) — legal, domain, marketing
  • Treasury Reserve: 40% ($120K) — held for scaling, additional hires, future audits

Product Status at Launch

  • Private beta live on Solana mainnet
  • Privacy.cash ZK-proof pool integration complete
  • Session wallet architecture deployed
  • Jupiter integration for execution
  • Solana Blinks support shipped
  • Supported assets: SOL, cbBTC, ZEC
  • First RWA integration: Oro (tokenized gold)

Significance

This fundraise represents one of the earliest attempts to build privacy infrastructure for DeFi execution on Solana, specifically targeting the MEV extraction and surveillance problems inherent in transparent DCA strategies. The extreme failure rate (0.485% of target) suggests either:

  1. Market skepticism about privacy product-market fit on Solana
  2. Insufficient traction/validation in private beta to justify $300K raise
  3. Team/execution risk concerns given early-stage product
  4. Timing issues (24-hour window may have been insufficient for discovery)

The performance-locked team token structure (0 tokens circulating at launch, unlocks only at 2x+ price multiples) represented strong alignment, but was insufficient to overcome other concerns.

Relationship to KB