Our buy back and burn protocol has been initiated from the withdrawal fees we have collected.
We keep 1 SOL as a reserve. Anything above that? It’s automatically swapped for $POS and burned forever. No manual steps, no delays. Just pure deflationary mechanics running 24/7.
Poseidon is bringing the next wave of privacy infrastructure, striking the balance between speed and secrecy. The depths have never been so accessible.
Privacy on Solana.
$POS
Bidding gud tech on the solana block chain
Working privacy tech
The @poseidoncash team has been hard at work building a zcash like application that’s faster and more efficient since it’s on a better and faster chain
Feel like this is extremely undervalued for what’s being delivered $pos
We submitted our entry to the Zypherpunk Hackaton
Poseidon proves that Zcash-level privacy is possible on high-throughput chains like Solana. We built the first zkSNARK shielded pool on Solana, demonstrating that privacy doesn't require sacrificing speed or cost.
We built a zero-knowledge privacy layer for Solana that lets you deposit and withdraw SOL without anyone linking the transactions together.
How it works:
- Deposit funds into a shared pool (goes into the Merkle tree)
- Generate a zkSNARK proof off-chain to prove you own notes without revealing which ones
- Withdraw to any address - the proof verifies everything on-chain without exposing your transaction history
What's unique:
- Groth16 proofs verified directly on Solana (BN254 curve)
- Join-split transactions: combine up to 6 notes, withdraw any amount, keep change as new notes
- Explosive withdrawals: split funds across multiple intermediate wallets for extra privacy
- Two-phase withdrawal system prevents MEV/front-running
Tech stack:
- Rust/Anchor for the on-chain program
- Circom for zkSNARK circuits (Poseidon hash for SNARK-friendly operations)
- TypeScript relayer with WebSocket API
- Sparse Merkle tree with 67M note capacity
- Current state:
- Built and tested on devnet. Full test suite with 53 tests covering security, accounting, and attack vectors. The math checks out, proofs verify on-chain, and withdrawals are unlinkable.
What we learned:
*Fitting zkSNARK verification into Solana's compute limits required creative optimizations. The compressed memo format and two-phase withdrawal design came from hitting transaction size constraints hard.*
https://t.co/fkJcltZ4KN
@solana@mert@toly@lmrankhan@zooko@cobie@balajis
Deposit and Withdrawal on Poseidon takes a few seconds to complete. (Explosive Withdrawal will take longer depending on how many hops).
0% fee on deposit and 0.15% fee on withdrawal
Try $POS today, it's live on mainnet.
https://t.co/4FKutgOS2d
Privacy isn't about hiding. It's about control. You can prove your transactions. Others can't spy on yours. That's not anonymity, it's provable innocence.
Every Solana transaction is public forever. Your wallet balance. Your trading strategy. Your entire financial history. We're fixing that with zero-knowledge proofs.
Poseidon lets YOU trace your own transactions while keeping everyone else out. You hold the keys. You hold the proof. You control the narrative.
70% of protocol revenue → $POS buyback and burn.
Every relayer withdrawal over 1 SOL triggers automatic buyback. Revenue flows back to holders through deflation. No vesting. No bullshit.
Privacy is a right, not a feature. Provable innocence is the standard.
Welcome to Poseidon.