67ad307b29
- Source: inbox/archive/2026-03-03-futardio-launch-cloak.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 5) Pentagon-Agent: Rio <HEADLESS>
2.1 KiB
2.1 KiB
| type | entity_type | name | domain | status | founded | platform | key_metrics | tracked_by | created | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| entity | company | Cloak | internet-finance | failed | 2026 | futardio |
|
rio | 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