Hey everyone, The last few days have been nothing short of surreal. Umbra’s ICO on MetaDAO was oversubscribed by more than 10425% crossing $78 million in committed capital at the time of writing this. That number is insane, and it stands as one of the strongest signals of trust and demand we could have ever hoped for. After careful thought, we have decided to cap the raise at $3 million at a $8.55 million FDV All funds beyond the $3 million cap will be returned on a pro rata basis through MetaDAO. Every supporter remains part of @UmbraPrivacy journey. No one is left out, and everyone stays aligned. Umbra has never been about chasing valuations or hype; it’s about building something users need with purpose, integrity, and people we trust. This decision wasn’t made out of restraint, but out of reason. Three million gives us everything we need to execute our roadmap, fund audits, and grow the team sustainably. With @MetaDAOProject funding structure, taking on more capital often makes it harder, not easier to progress. Our team’s unlock structure follows the same philosophy. The team unlocks 20% of its allocation each time Umbra’s FDV doubles from the ICO valuation, with unlocks beginning after 18 months regardless of market conditions. This means every token allocated to the team is time & performance-bound, tied directly to product delivery, user growth, and measurable progress. There are no instant unlocks or shortcuts. We only win if we execute. This raise puts us in the perfect position to deliver on what we set out to do: create privacy infrastructure that is usable, compliant, and built for the future of on-chain activity. The oversubscription is a message that the world still cares deeply about privacy done right. Built on Arcium, accelerated by MetaDao and part of the Solana ecosystem, Umbra will work with the community to make that vision a reality. Thank you for believing, supporting, and being part of this journey. The best is yet to come. -Kru Founder, Umbra