Zama Protocol

Shielded | Q3 2026 drops next week.

Shielded is Zama’s quarterly institutional report on the Zama Protocol and the ecosystem growing around it.

We’re breaking down everything that happened in Q3 with The Rollup and some special guests. The full episode and the report will be available next Monday.

Hosted by Andy and Robbie Klages, featuring:
- Rand Hindi, Co-Founder & CEO at Zama
- Kyle O’Brien, VP of Investor & Protocol Relations at Zama
- Yannick Sokolov, Head of Onchain Special Projects at Bitwise
- Dan Caspi, Co-Founder & CTO at Hypernative
- Evgeny Yurtaev, Founder & CEO at Zerion
- Bentzi Rabi, Co-Founder & CEO at Utila

On the agenda: Q3 highlights and protocol growth, confidential vaults bringing institutional capital onchain, confidential tokens coming to more custodians and wallets, the launch of confidential swaps, and advancements in protocol compliance and security.

Monday, November 2
10 AM New York / 4 PM Paris

Sign up to get the report at launch: zama.org/shielded

$ZAMA #privacy

Confidential tokens are now live in Zerion Wallet.

Zerion users can manage confidential assets alongside their public holdings directly in the app, with confidential balances encrypted onchain.

Built on existing infrastructure, confidential tokens work just like regular tokens. Same apps, same wallets, same DeFi stack on public blockchains, with confidentiality by default.

See how $ZAMA confidential tokens work: zama.org/confidential-tokens

#privacy

Confidential balances.

Today, anyone can look up your address and read your $USDT balance.

With cUSDT, your balance stays confidential.

Live on Ethereum. No bridging required.

Shield your USDT at app.zama.org

$ZAMA #privacy

Your bank statement isn't public.
Your paycheck isn't public.
Your onchain balance shouldn't be either.

Shield $USDT into cUSDT:
https://app.zama.org

$ZAMA #privcay

Confidentiality is opening new possibilities for institutional capital in DeFi.

With $100M+ already earning yield through Confidential Vaults on $MORPHO since June, we're seeing the demand at scale.

From Merlin Egalite, co-founder of Morpho.

$ZAMA #privacy

Confidential rewards are now available to claim.

$cZAMA rewards earned through Merkl campaigns on Confidential Vaults can now be claimed directly in the Zama App.

Rewards are distributed through confidential transfers, keeping both your positions and reward amounts private onchain.

Claim at app.zama.org

Learn more: zama.org/post/confidential-rewards-with-merkl-are-now-available-to-claim

#zama #DeFi #FHE $ZAMA

MILESTONE:

$100M+ is now earning yield on $MORPHO using confidential tokens.

The same curators and strategies institutional capital already uses.

Positions and earnings stay encrypted onchain.

Deposit and earn at: app.zama.org/earn

$ZAMA #privacy

It’s hard to make things simple. It took us years of cryptography and engineering.

Today, shielding a token takes one transaction. Same token, same chain, no bridging.

Your balance and transfer amounts are encrypted onchain. Hold it, send it, earn on it, swap it.

That’s what it should feel like. Not a feature you go and find, just how things work.

Try it at app.zama.org

$ZAMA #Privacy

Shielding a token takes one transaction. No new chain, no new wallet, no bridging.

Your balance is then encrypted onchain. Hold it, send it, earn on it, swap it.

Try it at: app.zama.org

$ZAMA

Finance is moving onchain. Confidentiality is key to scaling it.

Thanks to everyone who connected with Zama in Singapore, and to the team and partners who made this week happen.

Didn’t get a chance to meet? Reach out: zama.org/contact

On to the next TOKEN2049 🇺🇸

Confidential Vaults

Vaults can now offer confidential yield without rebuilding their existing infrastructure. At Vault Summit, Irene Patrikios introduced Zama’s Confidential Vault Stack.

Existing vaults, strategies, and distribution remain in place.

Confidentiality becomes an additional layer: the allocator’s position is private, the curator’s strategy stays public, and auditors or regulators can be given access.

Watch the keynote: https://x.com/Vault__Summit/status/2108439612863758444

Privacy & FHE

Privacy is essential for financial activity on public blockchains, and Zama is the fastest growing confidentiality protocol for onchain finance.

At Privacy Summit and Finality Forum, Arik and Kyle joined other privacy experts to discuss different privacy-preserving technologies and their role in the future of onchain finance.

#zama $ZAMA #defi

Institutional Finance

What will it take for more institutional capital to move onchain?

Liquidity, market structure, vault strategies, and confidentiality were central to our discussions with LPs, asset managers, and market makers.

We dug these topics at Yield Summit’s roundtables, where 350+ decision-makers gathered in Singapore, and continued the conversations at our private dinner with partners and institutional guests.

$ZAMA

Wrapping up TOKEN2049 Singapore 🇸🇬

One week of conversations across institutional finance, DeFi, and privacy.

Highlights from the week in the next posts.

#zama #TOKEN2049 $ZAMA

In May, Zama acquired TokenOps to fix how tokens get distributed onchain.

Tokens reward the people who build, fund and believe in a project. That shouldn't cost them their confidentiality.

Onchain finance will only scale when it combines the verifiability of blockchains with the confidentiality of real finance.

Confidential distribution will become the standard.

Distributing tokens? Talk to us: zama.org/contact

$ZAMA

MILESTONE:

The Zama Protocol Shielded TVL just passed $90M.

Shield, send, deposit, earn, and swap confidential tokens at:
app.zama.org

$ZAMA

One icon made the internet worth transacting on. This one's for blockchains.

Shield your tokens at app.zama.org

$ZAMA