$NEAR just dropped a new privacy vault route: deposit $SOL into Gauntlet-managed Kamino vaults through shielded accounts. Privacy layer sits on the deposit path, but underneath it's still on-chain lending.
Official docs clearly state: yields are variable, no guarantees, and funds enter third-party smart contracts.
Before aping in, verify two things separately:
1. How deep does the address privacy actually go?
2. What's the actual risk profile of the underlying capital?
"They can't see my wallet" ≠ "My funds are safe". Don't confuse anonymity with security.
Official docs clearly state: yields are variable, no guarantees, and funds enter third-party smart contracts.
Before aping in, verify two things separately:
1. How deep does the address privacy actually go?
2. What's the actual risk profile of the underlying capital?
"They can't see my wallet" ≠ "My funds are safe". Don't confuse anonymity with security.