teleo-codex/entities/internet-finance/cloak.md
Teleo Agents b711e0a624 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 04:24:24 +00:00

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
raise_target total_committed raise_outcome ico_price fdv_at_launch token_supply_max token_supply_circulating allocation_ico allocation_liquidity allocation_team
$300,000 $1,455 refunded $0.03 $477,000 15.9M 12.9M 62.9% 18.2% 18.9%

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

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.