m3taversal
ea5a859032
- What: Rewrote mtnCapital, Avici, Loyal, ZKLSOL, Paystream, Solomon, P2P.me entities - Why: Entities had wrong parent (futardio instead of metadao), missing investment rationales, no governance activity, stale/thin content. Bot couldn't answer basic questions about MetaDAO launches. - Changes per entity: - Corrected parent: [[metadao]] (curated launches, not futardio permissionless) - Added launch_platform, launch_order fields for proper sequencing - Added investment rationale from original raise pitches - Added governance activity tables (buybacks, restructuring, team packages) - Added open questions and competitive context - Removed hardcoded prices (live tool handles this) - Sources: X research, decision records, source archives, web search Pentagon-Agent: Rio <244ba05f-3aa3-4079-8c59-6d68a77c76fe>
89 lines
4.8 KiB
Markdown
89 lines
4.8 KiB
Markdown
---
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type: entity
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entity_type: company
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name: "ZKLSOL"
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domain: internet-finance
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handles: ["@ZKLSOL"]
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website: https://zklsol.org
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status: active
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tracked_by: rio
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created: 2026-03-11
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last_updated: 2026-04-02
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parent: "[[metadao]]"
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launch_platform: metadao-curated
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launch_order: 6
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category: "Zero-knowledge privacy mixer with yield (Solana)"
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stage: restructuring
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token_symbol: "$ZKFG"
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token_mint: "ZKFHiLAfAFMTcDAuCtjNW54VzpERvoe7PBF9mYgmeta"
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built_on: ["Solana"]
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tags: [metadao-curated-launch, ownership-coin, privacy, zk, lst, defi]
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competitors: ["Tornado Cash (defunct)", "Railgun", "other privacy mixers"]
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source_archive: "inbox/archive/2025-10-20-futardio-launch-zklsol.md"
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---
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# ZKLSOL
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## Overview
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Zero-Knowledge Liquid Staking on Solana. Privacy mixer that converts deposited SOL to LST during the mixing period, so users earn staking yield while waiting for privacy — solving the opportunity cost paradox of traditional mixers. Upon deposit, SOL converts to LST and is staked. Users withdraw the LST after a sufficient waiting period without loss of yield.
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## Investment Rationale (from raise)
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"Cryptocurrency mixers embody a core paradox: robust anonymity requires funds to dwell in the mixer for extended periods... This delays access to capital, clashing with users' need for swift liquidity."
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ZKLSOL's insight: if deposited funds are converted to LSTs, the waiting period that privacy requires becomes yield-generating instead of capital-destroying. This aligns anonymity with economic incentives — users are paid to wait for privacy rather than paying an opportunity cost. The design bridges security and efficiency, potentially unlocking wider DeFi privacy adoption.
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## ICO Details
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- **Platform:** MetaDAO curated launchpad (6th launch)
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- **Date:** October 20-24, 2025
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- **Target:** $300K
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- **Committed:** $14.9M (50x oversubscribed)
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- **Final raise:** $969,420
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- **Launch mechanism:** Futardio v0.6 (pro-rata)
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## Current State (as of early 2026)
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- **Stage:** Restructuring
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- **Treasury:** $575K USDC remaining (after two buyback rounds)
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- **Monthly allowance:** $50K
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- **Product:** Devnet app live at app.zklsol.org. Roadmap at roadmap.zklsol.org.
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- **Also known as:** Turbine.cash (rebranding reference in some sources)
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## Governance Activity — Most Active Treasury Defense
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ZKLSOL has the most governance activity of any MetaDAO launch relative to its size. The team voluntarily burned their entire performance package — an extraordinary alignment signal:
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| Decision | Date | Outcome | Record |
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|----------|------|---------|--------|
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| ICO launch | 2025-10-20 | Completed, $969K raised (50x oversubscribed) | [[zklsol-futardio-launch]] |
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| Team token burn | 2025-11 | Team burned entire performance package | [[zklsol-burn-team-performance-package]] |
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| $200K buyback | 2026-01 | Passed — 4,000 orders over ~14 days at max $0.082/token | [[zklsol-200k-buyback]] |
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| $500K restructuring buyback | 2026-02 | Passed — 4,000 orders at max $0.076/token + 50% FutarchyAMM liquidity to treasury | [[zklsol-restructuring-proposal]] |
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**Team token burn:** The team voluntarily destroyed their entire performance package to signal alignment with holders. This is the most aggressive team-alignment move in the MetaDAO ecosystem — zero upside for the team beyond whatever tokens they purchased in the ICO like everyone else.
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**Restructuring (Feb 2026):** Proph3t proposed the $500K buyback, acknowledging ZKFG had traded below NAV since inception. The proposal also moved 50% of FutarchyAMM liquidity to treasury for operations. Key quote: "When an ownership coin trades at significant discount to NAV, the right thing to do is buybacks until it gets there. We communicate to projects beforehand: you can raise more, but the money you raise will be at risk."
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## Open Questions
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- **Regulatory risk.** Privacy mixers are the most scrutinized category in crypto after Tornado Cash sanctions. ZKLSOL's LST innovation is clever but doesn't change the regulatory exposure of the mixing function itself.
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- **Post-restructuring viability.** Two buyback rounds consumed ~$700K of a $969K raise. Treasury has $575K remaining at $50K/month = ~11 months. Can the product ship before runway expires?
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- **Market demand.** Privacy is a feature people say they want but rarely pay for. The mixer market on Solana is small. Does LST-based yield change the demand equation enough?
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## Timeline
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- **2025-10-20** — MetaDAO curated ICO opens ($300K target)
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- **2025-10-24** — ICO closes. $969K raised (50x oversubscribed).
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- **2025-11** — Team burns entire performance package tokens
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- **2026-01** — $200K treasury buyback (4,000 orders over 14 days, max $0.082/token)
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- **2026-02** — $500K restructuring buyback + 50% FutarchyAMM liquidity moved to treasury
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---
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Relevant Notes:
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- [[metadao]] — launch platform (curated ICO #6)
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Topics:
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- [[internet finance and decision markets]]
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