ec65caf5d2
- 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 KiB
2 KiB
| type | entity_type | name | domain | status | founded | platform | key_metrics | tracked_by | created | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| entity | company | Cloak | internet-finance | failed | 2026 | Solana |
|
rio | 2026-03-11 |
Cloak
Cloak is a privacy DCA (dollar-cost averaging) protocol on Solana that enables users to accumulate assets anonymously through ZK-proof privacy pools. The protocol routes trades through unlinkable session wallets to break the on-chain link between user wallets and trading strategies.
Built during the Solana Cypherpunk Hackathon by co-founders Vaibhav (CoinDCX engineer, PermaSign co-founder) and Prasad (Stealth founding engineer, PermaSign co-founder). The protocol integrates Privacy.cash ZK-proof pools with Jupiter for execution, supporting private DCA into SOL, cbBTC, and ZEC. First RWA integration with Oro (tokenized gold) positioned Cloak as the private distribution layer for real-world assets on Solana.
Timeline
- 2026-03-03 — Futardio fundraise launched targeting $300K with 24-hour window. ICO offered 10M tokens at $0.03 ($477K FDV). Team allocation: 3M tokens performance-locked at 2x/4x/8x/16x/32x price multiples with 18-month cliff. Product live in private beta on mainnet with Solana Blinks support.
- 2026-03-04 — Fundraise closed with $1,455 committed (0.49% of target). Status: refunding. All funds returned to participants.
Relationship to KB
- futardio — launch platform
- MetaDAO — futarchy governance infrastructure
- Jupiter — DEX execution layer
- futarchy-governed-meme-coins-attract-speculative-capital-at-scale — counter-example: serious utility product failed to attract capital through futarchy mechanism
- internet-capital-markets-compress-fundraising-timelines — 24-hour raise window demonstrates speed but not necessarily success