🌪️Veil Cash Protocol

Introduction

Veil Cash is a non-custodial privacy protocol deployed on the Base Layer 2 (L2) blockchain. It leverages zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge) to enable users to achieve on-chain privacy and anonymity within trusted pools.

How Veil Cash Works

Fixed Deposit Pools

Users can deposit fixed amounts of ETH into designated pools. These pools are categorised into public and verified pools, each with specific deposit amounts.

Verified Users

Access to certain pools is restricted to verified users Access to verified user pools is granted to individuals who have completed Coinbase’s onchain verification via the Ethereum Attestation Service (EAS). This process links a self-custodial wallet to a verified Coinbase account, ensuring that the wallet belongs to a legitimate and verified user.

Deposits and Withdrawals

After depositing into a pool, users can withdraw their funds to a different address, breaking the on-chain link between the deposit and withdrawal addresses. This process is facilitated by zk-SNARKs, which provide cryptographic proof of ownership without revealing identities.

VEIL Token

To use the protocol, users are required to hold a certain amount of $VEIL tokens.

Disclaimer

Veil.Cash is experimental, unaudited software. Use it at your own risk, as the creators are not liable for any losses, damages, or legal issues that may arise. Ensure compliance with your local laws and understand the risks before interacting with the protocol.