What do large on-chain funds fear most? Hedger makes the EVM hide the answer for the first time
Bitcoin turned “public ledgers” into the industry default, and on-chain analytics tools can aggregate a string of addresses into a complete profile. For retail users, it’s mostly a privacy issue. For institutions, it’s a matter of life and death: holdings, amounts, and trading intent are completely exposed. A market maker’s posted orders are basically giving money to the counterparty.
What Hedger aims to solve is exactly this.
Compute on ciphertext
Hedger uses homomorphic encryption with zero-knowledge proofs: calculations are performed while amounts remain encrypted. The network only verifies that “the result is correct,” without seeing “what is being computed.” Holdings, balances, and transfer amounts are end-to-end encrypted, but the transaction itself remains auditable for regulators. Privacy and compliance no longer have to be mutually exclusive.
No lag in user experience
Proofs are generated in the browser and completed within two seconds. From the user’s perspective, it feels like a normal transaction—no technical barrier.
It’s also paving the way for a confused order book
The soon-to-be-deployed confused order book is a critical infrastructure for institutional trading. It prevents market manipulation and protects participants’ trading intents and risk exposure from being discovered in advance.
The on-chain world has been transparent since BTC, but regulated capital absolutely cannot be transparent. Hedger fills this gap for the EVM ecosystem.
Bitcoin’s public ledger builds trust, but it also leaves everyone exposed. When institutional funds are put on-chain, can confidentiality and auditability truly not coexist? #dusk $DUSK @Dusk
Bitcoin turned “public ledgers” into the industry default, and on-chain analytics tools can aggregate a string of addresses into a complete profile. For retail users, it’s mostly a privacy issue. For institutions, it’s a matter of life and death: holdings, amounts, and trading intent are completely exposed. A market maker’s posted orders are basically giving money to the counterparty.
What Hedger aims to solve is exactly this.
Compute on ciphertext
Hedger uses homomorphic encryption with zero-knowledge proofs: calculations are performed while amounts remain encrypted. The network only verifies that “the result is correct,” without seeing “what is being computed.” Holdings, balances, and transfer amounts are end-to-end encrypted, but the transaction itself remains auditable for regulators. Privacy and compliance no longer have to be mutually exclusive.
No lag in user experience
Proofs are generated in the browser and completed within two seconds. From the user’s perspective, it feels like a normal transaction—no technical barrier.
It’s also paving the way for a confused order book
The soon-to-be-deployed confused order book is a critical infrastructure for institutional trading. It prevents market manipulation and protects participants’ trading intents and risk exposure from being discovered in advance.
The on-chain world has been transparent since BTC, but regulated capital absolutely cannot be transparent. Hedger fills this gap for the EVM ecosystem.
Bitcoin’s public ledger builds trust, but it also leaves everyone exposed. When institutional funds are put on-chain, can confidentiality and auditability truly not coexist? #dusk $DUSK @Dusk