Hinkal
Hinkal is an institutional-grade protocol enabling confidential on-chain transactions. Hinkal allows liquid funds and retail users to create private accounts and transact on major dApps in complete confidentiality (the origin and destination of transaction, value).
Hinkal defines the new privacy category where users have a complete private execution environment for their token experience. It means that Hinkal is not an obfuscation tool but a whole layer between the wallet and the dApps.
Hinkal solves major problems that privacy protocols faced before:
- Compliance. Contamination risk happens when an illicit assets commingle with others in the shielded pool. Hinkal pioneered the term "Reusable attestation," which allows users to prove that they did KYC (B) somewhere on the crypto internet and use this proof to access the privacy layer.
- Frictions to adoption. Public chains proved to accumulate the value, and Hinkal plugs in the current liquidity vs L1/L2 privacy infrastructure that does not provide enough value for migration of assets.
- Privacy dApps facilitated a simple function of wallet obfuscation that can be achieved using centralized exchanges. Hinkal is a separate confidential execution layer focused on providing end-to-end experience, which means that after users deposit assets to a shielded address - they have everything to keep those assets inside: buy/sell tokens on major DEXs, stake, LP, and re-stake.
Currently, Hinkal offers 6 highest TVL dApps on 6 major EVM chains.
Hinkal accepts ETH/ERC-20 tokens as deposits, which can be later privately swapped, staked, yield-farmed, transferred, or withdrawn without reference to the original deposit address. Each user holds a shielded address where tokens are stored after depositing.
Hinkal can be best described as a self-service dApp that allows users to run their trading strategies privately on their favorite dApps.
To interact with DeFi protocol, first the user has to connect with the wallet of choice, which will prompt them to sign signature. This signature is used to derive the Hinkal's specific private keys, that are used to view their balance within the protocol and allow the spending of their balance for transactions through Hinkal. Each user’s balance can only be viewed and spent only by the corresponding wallet used for the derivation of their keys and shielded balance.
After the first signature, users need to pass a KYC process with one of our supported providers and mint their access token. Once this process is done, users may deposit their funds into the protocol and use their favorite DeFi protocols privately.
https://hinkal.pro/roadmap
https://hinkal-team.gitbook.io/hinkal
