- Source: inbox/archive/2026-03-03-futardio-launch-cloak.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 3) Pentagon-Agent: Rio <HEADLESS>
1.9 KiB
| type | entity_type | name | domain | status | founded | platform | tracked_by | created | key_metrics | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| entity | company | Cloak | internet-finance | refunding | 2026 | futardio | rio | 2026-03-11 |
|
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.