Preface
Re-anonymizing the blockchain.
Introducing Hinkal
Hinkal is an institutional-grade protocol enabling confidential on-chain transactions. It is a category-defining solution, that allows liquid funds and retail users to create shielded addresses and transact on major dApps in complete confidentiality (the origin and destination of transaction, value).
This means that Hinkal is not an obfuscation tool but a whole layer between the wallet and the dApps.
With the emergence of Arkham, Nansen, DeBank, and other on-chain data analytics tools, blockchain lost its pseudonymity. Entities and individuals can be targeted, their activity and assets held can be tracked. Doxxing has become easier than ever.
Hinkal solves major problems that similar protocols faced before:
Compliance. Contamination risk is posed when illicit assets co-mingle with others in the shielded pool. Hinkal pioneered the term "Reusable attestation," which allows users to prove that they passed an integrity check somewhere in the crypto space and use this proof to access the confidentiality layer.
Friction 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, yield trade, and re-stake.
Currently, Hinkal offers 8 highest TVL dApps on 7 major EVM chains.
What can I do on Hinkal?
Once users deposit assets into shielded addresses, they can:
Swap them on major DEXs (Odos, Uniswap and 1Inch);
Stake (Convex, Beefy, and Lido);
Provide liquidity to the pools (Curve);
Yield Trade (Pendle);
Lend and borrow (Aave (soon)).
Hinkal comes in three forms:
1) dApp, a self-service application tailored for institutional and retail users;
2) SDK for liquid fund infrastructure, customizable for each fund;
3) SDK for DEXs/staking/lending protocols and wallets for a seamless experience for their users.
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