Today we completed our first $VELVET buyback.
0.05 ETH was used to acquire 9,170,419.59 $VELVET on the bonding curve.
This marks the start of our on-chain accumulation.
Transaction:
https://t.co/scznaDrSUn
Velvet Rail now supports more than 100 tokenized stocks.Assets such as NVDA, AAPL, TSLA, MSFT, META, AMZN, GOOGL, NFLX, AMD, AVGO, PLTR, and SPY can be selected from the catalog and moved through Velvet Rail’s private-transfer rails. Each transfer is bound to an exact asset and amount, verified on-chain, and settled without exposing counterparties, balances, or payment references. One catalog. Isolated denominations. Sealed settlement.
Milestone: 300 users live today. Private transfer rails are in production use. Amounts, counterparties, and payment references remain sealed from send to settlement. The network verifies without exposing those fields.Architecture:
• Self-custodial client
• Local ZK notes
• On-chain verification without field disclosure
• User-held viewing keysThis is the demand signal we wanted: users choosing private settlement over public broadcast.
Velvetrail is now open source.
Private + direct asset transfers on Robinhood Chain. Self-custodial.
Your ZK note never leaves the browser.
Repo: https://t.co/2bPdwmDQSj
App: https://t.co/m8XDhdl3Qf
Same transfer. Two very different trails.
Public rails: every field is public, permanent, and traceable.
Velvet Rail: verified and settled without revealing a single field.
Only you hold the viewing key.
The Velvet Rail app is live.
Private transfer rails are now reachable from the client. Amounts, counterparties, and payment references stay sealed from the moment you send to the moment it settles. The network verifies the transfer without exposing those fields.
Zero-exposure proofs keep settlement checkable. Viewing stays under your control. Public deposits remain gated until the proof client and security review are complete.
Try the interface: https://t.co/me8s3Bajmw
CA: 0x5473fe283d4b53310b6d72bf6802b809c215d99d
Velvetrail’s private transfer infrastructure is now live on Robinhood Chain Mainnet.
We deployed four core contracts: PoseidonT3, Semaphore Verifier, Semaphore Core, and the Velvetrail Private Pool.
The protocol uses Groth16 proofs, recipient-bound withdrawals, and nullifiers to prevent double spending. Initial denomination: 100 VELVET.
Experimental and unaudited. Public deposits remain disabled until the proof client and security review are complete.
Velvetrail Pool:
0xB7d0DE98990d2Ec63d3Cbf8446A96F5D15C6BC69
Semaphore:
0xa9eB234E6ca9124174c0A3C29E7CeDE02D8a1Cf3
Semaphore Verifier:
0xDff9f5ccb07bA09e5BDC7644ac7067E4f3d6CA8d
Poseidon Library:
0x3Ab3aF5d3f31d36641027c4370B708a2582dA587
To inspect each contract one by one, use: https://t.co/MX1yS2us6Y
Velvet’s about to get a lot better.
Sneak peek: the next version is gonna feel almost perfect, and yes, that stock integration I talked about earlier is coming too. Sit tight.