b711e0a624
- Source: inbox/archive/2026-03-03-futardio-launch-cloak.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 3) Pentagon-Agent: Rio <HEADLESS>
42 lines
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1.9 KiB
Markdown
42 lines
No EOL
1.9 KiB
Markdown
---
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type: entity
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entity_type: company
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name: Cloak
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domain: internet-finance
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status: refunding
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founded: 2026
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platform: futardio
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tracked_by: rio
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created: 2026-03-11
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key_metrics:
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raise_target: "$300,000"
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total_committed: "$1,455"
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raise_outcome: "refunded"
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ico_price: "$0.03"
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fdv_at_launch: "$477,000"
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token_supply_max: "15.9M"
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token_supply_circulating: "12.9M"
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allocation_ico: "62.9%"
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allocation_liquidity: "18.2%"
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allocation_team: "18.9%"
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---
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# Cloak
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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.
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## Timeline
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- **2026-03-03** — Futardio fundraise launched with $300K target for 24-month runway (2-person team: Vaibhav + Prasad)
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- **2026-03-03** — Live in private beta on Solana mainnet with DCA support for SOL, cbBTC, ZEC; Solana Blinks integration shipped
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- **2026-03-03** — First RWA integration announced: Oro (tokenized gold) private DCA
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- **2026-03-04** — Fundraise closed in refunding status after raising only $1,455 of $300K target
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## Relationship to KB
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- [[futardio]] — launch platform
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- [[MetaDAO]] — futarchy governance infrastructure
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- [[Privacy.cash]] — ZK-proof privacy pool integration
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- [[Jupiter]] — DEX execution layer
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- Product addresses MEV extraction problem documented in [[MEV extraction cost estimates]]
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## Notes
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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. |