Cloak
RefundingCloak is the unified private layer on Solana - enabling retail and institutional traders to accumulate assets anonymously.
$1k0%
$300kraise goal
Raise Unsuccessful
Committed$1,455.00
Funders7
Raise Goal$300k
This raise did not reach its goal. All committed USDC is being returned to contributors. to claim your refund.
About
Cloak: Unified Private Layer on Solana
Every DCA order on Solana is a public broadcast. Cloak routes your trades through a ZK-proof privacy pool so nobody — not Arkham, not front-running bots, not copy traders — can link your wallet to your strategy.
Cloak is building private DCA infrastructure on Solana — enabling retail and institutional traders to accumulate assets without exposing their strategy on-chain.
What We're Building
DCA on Solana is fully transparent by default. Your wallet address, buy amounts, frequency, and accumulated position are permanently visible to anyone with a block explorer. For retail users this is annoying. For whales and funds running $100K–$5M/month accumulation strategies, it's a 2–8% hidden tax per trade — from MEV extraction, copy trading, and surveillance tools like Arkham Intelligence and Nansen.
Cloak fixes this. Funds enter a ZK-proof privacy pool, trades execute from unlinkable session wallets via Jupiter, and the on-chain link between your wallet and your strategy is cryptographically broken. Sign once. The keeper runs your DCA automatically. Your main wallet never touches a DEX.
We're live in private beta. The protocol supports private DCA into SOL, cbBTC (Coinbase wrapped Bitcoin), and ZEC. Solana Blinks support is shipped — users can initiate private DCA orders from any Blinks-compatible interface. Invite-only access at usecloak.xyz.
Use of Funds
Raise target: $300,000 Monthly team allowance: $10,000 total ($5,000 per person)
The raise covers 24 months of runway for a 2-person team, plus a front-loaded security audit and infrastructure costs.
| Category | Allocation | Amount | What It Covers |
|---|---|---|---|
| Team | 40% | $120,000 | Vaibhav + Prasad, $5K/month each (~12 months explicit; treasury reserve extends to 24 months) |
| Security Audit | 10% | $30,000 | Smart contract + ZK proof audit — front-loaded in months 2–3 |
| Infrastructure | 6% | $18,000 | RPC (Helius/Quicknode), hosting, Supabase, keeper bot — ~$1,500/month |
| Operations | 4% | $12,000 | Legal basics, domain, marketing, misc over 12 months |
| Treasury Reserve | 40% | $120,000 | Held in treasury for scaling, additional hires, or future audits post-revenue |
The team cannot access more than the $10,000 monthly allowance without a governance proposal. The security audit ($30K) and infrastructure ($18K) are budgeted separately and spent on schedule regardless of governance — these are non-discretionary.
Post-revenue, protocol fees cover operations and the treasury allowance redirects to scaling.
Why Private DCA
Every DEX trade on Solana is permanently public. Most users don't realize what that exposes:
- MEV extraction — $370M–$500M extracted from Solana users via sandwich attacks over 16 months (mid-2025). DCA orders are the easiest target because their schedule is predictable.
- Copy trading — anyone can replicate your exact accumulation strategy in real time. You do the research; they ride your conviction.
- Surveillance — Arkham Intelligence tracks 800M+ addresses. Lookonchain broadcasts every $100K+ move to millions of followers. Institutions running on-chain DCA are broadcasting to their competitors.
The information leakage cost to a whale running a $500K/month DCA is estimated at $10,000–$40,000 per month in adverse price impact alone. Cloak's fee at 0.25% on that volume is $1,250. The math is obvious.
No dedicated privacy DCA product exists on any chain. The category is entirely greenfield.
What We've Done So Far
Built and shipped during the Solana Cypherpunk Hackathon. Now in private beta on mainnet.
- Integrated Privacy.cash ZK-proof privacy pools on Solana — deposits are cryptographic commitments, ownership is provably hidden
- Built a keeper execution pipeline — sign once, automated DCA execution on schedule via Jupiter
- Shipped session wallet architecture — ephemeral wallets per DCA strategy, unlinkable to depositor via Arkham or Nansen clustering
- Integrated Jupiter for best-price execution across all supported assets
- Launched Solana Blinks support — private DCA orders embeddable in any Blinks-compatible interface
- Encrypted off-chain DCA configuration — schedule and amounts invisible to on-chain observers
- Beta code gating system with waitlist and invite-only access
- Live on Solana mainnet with active private beta users
Early Wins
First RWA Integration — Oro (gold)
Cloak is the first protocol to offer private DCA into real-world assets on Solana. We've integrated Oro, making Cloak the private distribution layer for tokenized gold on Solana. Every DCA trade auto-accumulates gold from leftover change.
This positions Cloak beyond crypto — anyone accumulating gold on-chain now has a private, automated way to do it.
Team
Vaibhav — Co-founder. Engineer at CoinDCX. Previously co-founded PermaSign. Superteam contributor. Early engineer at Instadapp and Push Chain. Built Cloak end-to-end: the ZK privacy pool integration, keeper execution engine, session wallet architecture, frontend, and API layer.
Prasad — Co-founder. Founding Engineer at Stealth. Previously co-founded PermaSign. Superteam contributor. Led the Blinks integration, institutional API routes, and backend infrastructure.
Two founders. Both repeat builders. One working product on mainnet. No overhead.
Raise Details
Raise Target: $300,000 Monthly Allowance: $10,000 ($5,000 per person) Raise Window: 24 hours on Futardio (permissionless)
Total Token Supply — 15.9M $CLOAK max (12.9M circulating at launch):
| Allocation | Tokens | Share |
|---|---|---|
| ICO tokens | 10,000,000 | 62.9% |
| Liquidity provision | 2,900,000 | 18.2% |
| Team performance package | 3,000,000 | 18.9% |
ICO price: $0.03 per token — FDV at launch: ~$477,000.
Liquidity provision breakdown:
- 2,000,000 tokens on Futarchy AMM
- 900,000 tokens on Meteora pool
- 20% of funds raised ($60,000) paired with LP tokens
If the raise does not reach $300K within 24 hours — full refunds. If the target is reached — treasury, spending limits, and liquidity deploy automatically.
Team allocation — performance only
3,000,000 tokens are locked at launch. Five tranches unlock at 2x, 4x, 8x, 16x, and 32x the ICO price ($0.06, $0.12, $0.24, $0.48, $0.96), with a minimum 18-month cliff before any unlock (evaluated via 3-month TWAP, not spot price).
At launch, 0 team tokens are circulating. If the token never reaches 2x ($0.06), the team receives nothing beyond the monthly allowance.
Execution Plan
Monthly burn: ~$11,500 ($10K team + ~$1,500 infrastructure). 24+ months runway from the raise.
Now (Live)
- Private DCA into SOL, BTC, ZEC
- First RWA integration — Oro (tokenized gold). Cloak is already the private distribution layer for gold on Solana.
Next (Q2–Q3 2026)
- More RWA integrations beyond gold
- Expanded token support across Solana ecosystem
- Private transfers and swaps — not just DCA, but any private on-chain movement
Vision (2026+)
- Unified private DeFi layer across multiple chains
| Quarter | Milestones |
|---|---|
| Q2 2026 (months 1–3) | Security audit complete. Public launch — remove invite gate. First whale onboarding (manual, white-glove). Additional RWA integrations beyond Oro. Target: first $1M–$5M in DCA volume processed. |
| Q3 2026 (months 4–6) | Expanded token support. Private transfers and swaps. Institutional API launch (programmatic DCA creation, webhooks, monitoring). First 5–10 whales at $50K+/month. Target: $5M–$20M monthly volume. |
| Q4 2026 (months 7–9) | Protocol fee revenue covers infrastructure costs. Confidential Balances integration. Target: $20M–$50M monthly volume — fee revenue self-sustains operations. |
| Q1 2027 (months 10–12) | Multi-chain expansion begins. Treasury allowance redirects to scaling. Target: $50M+ monthly volume, protocol approaching profitability. |
All figures are approximate and subject to change. Expenditures beyond the monthly allowance require governance approval.
Long-Term Vision
Cloak starts as a DCA product. It ends as the privacy layer for all Solana execution.
The architecture we've built — ZK pools, session wallets, keeper execution, encrypted off-chain config — is reusable for any recurring on-chain action that shouldn't be public. DCA is the first application. Private TWAP orders, private limit orders, and private DAO treasury diversification follow naturally.
Every user who deposits into Cloak increases the Privacy.cash anonymity set, making every other user's privacy objectively stronger. That's a network effect that compounds with scale. Competitors launching later face a cold-start problem. We don't.
Worst case: the first and only private DCA product on Solana, used by whales who can't afford to broadcast their strategies. Best case: the privacy execution standard for all of DeFi.
Links
- Website: usecloak.xyz
- X: @cloakdefi
- GitHub: github.com/vaibhav0806/cloak-dca
IP & Legal
Note: Cloak is not a financial product. Tokens represent governance participation in a DAO. No revenue sharing, yields, or returns are promised or implied.
GitHub: github.com/vaibhav0806/cloak-dca — maintained by the team on behalf of the DAO entity post-raise.
Domain: usecloak.xyz — to be managed on behalf of the DAO entity.
Brand assets: Cloak wordmark, icon, and brand kit — to be managed on behalf of the DAO entity.
Social accounts: @cloakdefi on X — managed by the team on behalf of the DAO entity post-raise.
Deployed contracts: Privacy.cash pool integration on Solana mainnet. Any new program deployments or token mints post-raise will be owned by the DAO entity, managed by the team.
Infrastructure: Supabase database, Railway hosting, keeper bot — to be managed on behalf of the DAO entity. Any infrastructure created post-raise owned by the DAO entity.
Licenses: Code is open source (MIT). GitHub administered by the team on behalf of the DAO entity.
Details
Implied FDV$477K
Launch Price$0.03
Raise Goal$300k
FDV Calculation
Launch Price$0.03
× Total Supply15.9M
= Implied FDV$477K
Supply Breakdown
Initial Float (62.9%)10.0M
Performance Package (18.9%)3.0M
Meteora LP (5.7%)900,000 at $0.03
Futarchy AMM (12.6%)2.0M + $60K
Total Supply15.9M
Governance & Vesting
Monthly Spending Limit$12k
The team can spend up to this amount per month from the treasury without a governance proposal. Larger expenditures must be approved by token holders.
Team Token Unlock
Team tokens are locked for an 18-month cliff. After the cliff, the team can trigger a 3-month TWAP evaluation. Tokens unlock in 20% tranches at each price milestone relative to the ICO price of $0.03.
| Tranche | Price Target | Unlocked |
|---|---|---|
| 2× ICO price | $0.06 | 20% |
| 4× ICO price | $0.12 | 40% |
| 8× ICO price | $0.24 | 60% |
| 16× ICO price | $0.48 | 80% |
| 32× ICO price | $0.96 | 100% |
Each tranche unlocks 20% of team tokens. The price target is measured via a 3-month time-weighted average price (TWAP) to prevent short-term manipulation.
Token
Base Mint
Contributors(7)
41.2%$600
27.5%$400
17.2%$250
6.9%$100
5.2%$75
1.7%$25
0.3%$5
Legal Terms & Disclosures
By contributing to the fundraise for tokens ("Tokens"), you acknowledge and agree to the Futardio Terms of Service. Without limiting the foregoing, you also acknowledge and agree to all of the following information, terms and conditions:
The above descriptions, terms, and other content were created, determined, and supplied exclusively by prospective project contributors related to the ICO and are being republished on futard.io for convenience of reference only, as third-party content. Furtard.io is a technology platform being used by the prospective project contributors, and the owners and operators of Fudardio.fi and their respective affiliates are not the persons creating, endorsing, sponsoring, or discretionarily operating the ICO. Fudard.io and its owners and operators and their respective affiliates assume no (and by participating in the ICO or otherwise using futard.io, you agree that they shall not have any) responsibility or liability for the accuracy or completeness of the above descriptions, terms and other content, or any other representations, statements, opinions, projections, terms, or information made by or on behalf of the prospective project contributors in connection with the ICO.
The following terms and conditions apply between you, on the one hand, and, on the other hand, both the owners and operators (and their affiliates) of Futard.io or MetaDAO and the prospective ICO project contributors and related legal entity(ies) and their respective affiliates:
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No Guarantees. The Tokens are provided on an "as-is" and "as-available" basis. Participation in the fundraise does not come with any guarantees, promises, or assurances of any kind, including—but not limited to—financial return, performance, future utility, or access to any platform, product, or service.
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Not an Offer of Securities. The Tokens do not represent a security, equity, loan, or ownership interest in any entity or project. Participation in this fundraise is not intended to be, and shall not be construed as, an offering of securities, nor does it constitute an offer or solicitation in any jurisdiction where such activity is unlawful. You are responsible to refrain from participation in the ICO if your jurisdiction does not permit such participation.
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Final Sale. All contributions made as part of the fundraise are final and non-refundable. By participating, you understand and accept that you will not be entitled to a refund or compensation under any circumstances, including but not limited to loss of value or inability to use the Tokens.
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No Liability for Losses. To the fullest extent permitted by applicable laws, neither the organizers of this fundraise nor any of their affiliates, agents, advisors, officers, or representatives shall be liable for any direct or indirect loss or damage you may suffer, including without limitation: trading losses, loss of data, revenue, profit, or opportunity; or any errors, delays, or technical failures related to the fundraise or the Tokens.
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Nature of Token MetaDAO Platform ICOs. You acknowledge and agree that the ICO is a transaction entirely by and among ICO participants, in which such participants contribute certain blockchain tokens into the sole control or custody of Solana-based "smart contracts" or "programs" as a method of establishing a decentralized autonomous decision market oriented toward the research, development, promotion and/or utilization of the above-described project. The ensuing market oracle–sometimes also referred to as a type of "DAO"-- is intended to govern both the deposited tokens and aspects of the related project, using "Futarchy". These smart contracts or programs exist independently of Futard.io or MetaDAO, on the Solana blockchain, and do not have a legal "owner" or "custodian", but instead will be controlled by the market-based governance process embedded in the decision market protocol, as expressed in the code of the smart contracts/programs. The deposited tokens do not represent a capital investment in any legal entity (including the legal entity referred to in the following paragraph) or group of managers or entrepreneurs, and the decision market may revoke funds out of the pool at any time, or may cease using the funds for the currently contemplated project or using them to pay the currently contemplated prospective project contributors, and may instead use them for other purposes, as determined by the decision market oracle aka "DAO." The current prospective project contributors will not immediately own or have any discretionary or managerial control of the deposit pool, and any related services such prospective project contributors provide will be on an independent contractor basis to the community, as determined on an ongoing basis by the decision market oracle aka "DAO." The tokens issued by the program/smart contract in exchange for deposited funds are not initially owned by, and are not being sold or offered by, Futard.io or MetaDAO or the prospective project contributors or any related entity(ies), but rather are issued by the smart-contract/system itself to enable ongoing functionality of the related decision market oracle aka "DAO". Any funds received from the deposit pool by the current prospective project contributors or future project contributors represent retroactive or prospective compensation for work done or to be done by such project contributors that is approved by the related decision market oracle aka "DAO", on the initiative of, and based on the managerial or entrepreneurial efforts of, participants in that market aka "DAO participants".
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DAO-Adjacent Entity aka BORG. One or more members of the prospective project contributors may have established a particular type of legal entity related to the project. These entities, known as cybernetic organizations, aka 'BORGs", hold intellectual property related to the project and may receive the funds, if any, determined by the decision market oracle to be paid to the prospective project contributors as compensation for work done or to be done related to the project. BORGs contain special rules designed to provide accountability of project contributors to the community, including prohibiting the issuance of equity securities and requirements to consult the decision market oracle (sometimes on a signaling basis, sometimes on a binding basis) for decisions related to their work on the project and the related intellectual property and assets. Many of these entities are "segregated portfolios" of a Cayman Islands entity called Futarchy Governance SPC. Segregated portfolios provide separate layers of assets and liabilities within this entity, and each particular segregated portfolio is managed in the sole discretion of its "Manager(s)", subject to the terms and conditions of Futarchy Governance SPC and the Operating Agreement of that specific segregated portfolio. The ICO does not represent an investment in the SPC or segregated portfolio, and participants in the ICO and holders of the tokens being issued in the ICO do not have any legal rights in or ownership of the SPC or segregated portfolio, and are not owed any fiduciary or other duties by the participants in the SPC or segregated portfolio, but the SPC, in respect of the segregated portfolio, is legally required to abide by certain determinations of the decision market created by the ICO. Please review the project description above to determine the specific legal entity(ies) or other arrangements identified by the prospective project contributors. You hereby acknowledge and agree that you have reviewed, or had the opportunity to review, the information and documents presented or linked to from that description and acknowledge, consent to and accept the risks of all related legal entities and arrangements.
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Understanding the Mechanism. This is an onchain fundraising mechanism with a fixed token supply and an uncapped USDC raise. A minimum funding threshold applies. There is no in-protocol cap on the amount that may be claimed beyond the stated minimum. If the minimum funding threshold is not reached, all contributed funds will be returned to participants. By participating, you confirm that you understand the program and have reviewed the relevant documentation available at https://docs.metadao.fi.
By contributing or attempting to contribute to the fundraise for Tokens, you confirm that you have read, understood, and accepted the terms above.