Elusiv developer team has just added a confidential asset sharing feature to Solana.
The new solution reportedly allows users to exchange tokens without revealing public wallet address information on the blockchain.
The goal of the feature is to reduce counterparty risk by using zero-knowledge proofs to encrypt public keys.
As a result, the amounts exchanged cannot be linked to actual wallet addresses.
Julian Deshler, co-founder of Elusiv, has said:
"Users and seasoned traders alike can hide their transaction history, trading strategies, and assets by decoupling token swaps and public keys, paving the way for open and fair DeFi."
The Elusiv app requires users to deposit funds into a private balance before sending or exchanging them; all steps without revealing the public key.