Solana privacy protocol launches, Helius launches Privacy Ri
Solana infrastructure company Helius has today launched a permissionless privacy protocol, Privacy Rings, on the Solana mainnet, supporting private payments and DeFi applications for SOL, SPL, and Token-2022 tokens. The protocol has gone live on the mainnet, and developers can add privacy features to their applications via API.
Timeline of Events
- [11-10 14:45] Helius launches privacy protocol Privacy Rings on the Solana mainnet (PANews)
- [11-10 14:48] Permissionless privacy protocol launches on Solana mainnet, Helius launches Privacy Rings (Odaily星球日报)
- [11-10 14:50] Helius launches Solana Privacy Rings privacy protocol, now live on the mainnet (吴说)
Background and Impact
PANews reported on November 10 that Solana infrastructure company Helius has launched a permissionless privacy protocol, Solana Privacy Rings, on the Solana mainnet today. Developers can add privacy features to new and existing Solana applications via API, laying the groundwork for private payments, private DeFi, and enterprise compliance privacy. Privacy Rings are programmable masking pools where assets and amounts are encrypted on-chain, while wallet addresses remain visible. Users can decrypt balances by viewing keys. The protocol supports SOL, SPL tokens, and Token-2022 tokens, with ZK proofs verified in just a few hundred milliseconds. The core program and ZK circuits have been audited by Certora, OtterSec, and ZK Security. A permissioned Custom Rings for institutions is currently under audit and is expected to launch on the mainnet in the coming weeks, supporting KYC whitelists, sanctions screening, and compliance features such as freezing and recovering funds. Currently, Decrypt, Ore, and Backp have integrated.
Odaily星球日报 reported that Solana infrastructure company Helius has launched a permissionless privacy protocol, Solana Privacy Rings, on the Solana mainnet today. Developers can add privacy features to new and existing Solana applications via API, providing a foundation for private payments, private DeFi, and enterprise compliance privacy. The protocol uses programmable masking pools where assets and amounts are stored on-chain in an encrypted form, while wallet addresses remain visible; users can decrypt balances by viewing keys. The protocol supports SOL, SPL tokens, and Token-2022 tokens, with ZK proofs verified in just a few hundred milliseconds.
WuShuo reported that Solana ecosystem infrastructure service provider Helius has announced the launch of the Solana Privacy Rings privacy protocol and stated that the protocol is now live on the Solana mainnet. Privacy Rings support users in storing SOL, SPL, and Token-2022 assets in private balances, conducting private transfers, and withdrawing to public balances. Developers can also build privacy exchange, staking, lending, and payment applications based on this protocol. Helius stated that the protocol code has been open-sourced and audited by Osec, Certora, and zkSecurity, with formal verification still ongoing. Custom Rings for institutions, which will allow setting audit visibility, privacy levels, and compliance rules, are currently under audit and are expected to launch on the mainnet in the coming weeks.
Frequently Asked Questions
### Which tokens does Privacy Rings support?
Privacy Rings supports SOL, SPL tokens, and Token-2022 tokens.
### When will Custom Rings be launched?
A permissioned Custom Rings for institutions is currently under audit and is expected to launch on the mainnet in the coming weeks.
### How can one integrate with Privacy Rings?
Currently, Decrypt, Ore, and Backp have integrated. Developers can add privacy features to new and existing Solana applications via API.