Trading terminals are a huge market and there's significant amounts of volume going into trading every day, but less volume going into traditional privacy transactions (shielding and unshielding).
We recognized this early and believe privacy should advance beyond traditional actions like deposit, withdrawal, and transfer. The end goal is a fully onchain, decentralized way to wrap any transaction so it can interact with any public smart contract without giving up privacy.
We want to build a new class of utility and productivity to idle shielded capital: fully composable private defi.
The private user experience needs to offer clear, meaningful advantages over using public DeFi applications.
Currently, public apps have significant moats that we need to solve. These include speed, better CU efficiency, and scalability.
1. Speed:
Public apps will always win in terms of execution speed. This is mainly because every private transaction requires a zero-knowledge proof to be generated and attached inside the transaction before its sent. However, the time it takes to generate a ZK proof can be significantly minimized through the use of GPUs. Modern GPUs are the fastest way to generate a ZK proof, and, with access to the next-generation GPUs, we can bring the ZK proof generation time down to 100ms for note spends or even faster if we invest more in our proving infrastructure and it scales predictably by adding more GPU compute.
2. Better CU Efficiency:
Even after the proof is generated, it still has to be verified onchain, which adds a fairly fixed compute cost of around 200K CU on top of whatever the underlying DeFi action costs. For example, a private https://t.co/A4DKqPkpNC swap might use roughly 200K CU for proof verification plus about 119K-243K CU for the swap itself, putting the total around 500K+ CU. That is workable, but also not optimal during times when the Solana blockspace gets incredibly busy, making private swaps less competitive than public swaps that consume less compute. One way to solve this issue is by paying a higher priority fee, so this constraint is something to be aware of, and not a true blocker.
3. Scalability:
Every private spend needs a way to prove the funds were only spent once. Public DeFi gets this for free because account balances update onchain and validators enforce it. In a privacy system, you need an extra onchain marker, called a nullifier, that flags a note as already spent without revealing who spent it. There are a few ways of doing this, and one common approach, like Tornado Cash, is to create an onchain account and fund its rent for every spend and use its existence as the record that the funds are spent.
Building a privacy protocol is a challenge we're excited to take on. We believe in the growth of onchain privacy and we also believe in https://t.co/A4DKqPkpNC. Launching through Pumpfun following its ICM model aligns with the exact model we want to support. We want to be the first team to turn a https://t.co/A4DKqPkpNC ICM launch into a sustainable, revenue generating business, and in doing so, motivate more times to build privacy preserving projects powered by zero-knowledge proofs..
Monero-chan plays a pivotal role in achieving our vision, read the quoted tweet below for more details. 🧡
Ghost Protocol will launch with its core privacy and trading features.
We have a ton of growth features planned like referral program, pnl cards, social id are already built, but we're going to hold them for a follow-up update to keep our development scope tight and ship the core protocol sooner!
Ghost's core privacy features:
- private deposit and withdraw
- private note actions (split, merge, transfer)
- private swap on Pump tokens
- private note recovery and sync
- real time token quotes
- zk proofs generation
- transaction relayer
- onchain groth16 verification
- $MONEROCHAN tokenomics
What more do you need? 🧡
About the ROADMAP and new versions:
- I will hire a graphic artist to actually make good graphics (probably pixel style) to make it look better.
- Give some ads to AI communities to attract more people so the match lobbies will always be full.
- Integrating betting on spectator screen so you and your agent can earn token while playing the game.
- Integrate AI presenter during the matches so you can actually hear what's going on in the lobby.
These will all take time but I will be frequently update you here. Thank you so much for attenting the launch, and trusting me. I'll do my best to reply everyone and answer your concerns.
Here is the plan:
I'm unable to lock because streamflow app is under maintenance. I will eventually lock it. Continuously pressing F5. Please do not worry about it.
About the roadmap and why I got a lot of supplies.
I'm going to implement betting on agents in the next version. Majority of those supplies will be used to balance betting pools. So you can actually bet on "Who will take the first blood", "Who will win the arena" etc. That is why I need to keep some of the balance because network fees and balancing the betting ratios will take a lot of tokens.
Other part of the supply is mine(10%). I'll lock it all because I'll apply pumpfun hackathon and it is a requirement to hold AT LEAST 10%.
$ROYALE is now live, dev was working on it for the last 3 weeks and will keep working on it.
This is not just an "OpenClaw" project, it's open to every single agent, and the goal is to make it "esports" of agents, with betting included.
He will also do spaces today and answer your questions.
@frankdegods Hey Frank how much MRR are you doing currently with https://t.co/qR0s0jMWlK?
Need some motivation
Rn setting up OpenClaw on VPS incl. your X-research skill - thanks for that!
Crazy how fast things ship now.
Launch a token -> get a perp market.
Automatically.
Percolator, applied to launchpads. Live now. 🟣
https://t.co/JmTMDJSZ50