ParaVeil: Privacy-Preserving DeFi Middleware for Polkadot

[satyawaniaman]

Project Abstract

ParaVeil is a modular privacy engine for DeFi applications on Polkadot. It encrypts transaction amounts and on-chain state via off-chain PET co-processors (TEE-based), while on-chain Substrate pallets verify zero-knowledge proofs to maintain private shared state without altering existing parachains or requiring additional wallets.

Grant level

• Level 1: Up to $10,000, 2 approvals
• Level 2: Up to $30,000, 3 approvals
• Level 3: Unlimited, 5 approvals (for >$100k: Web3 Foundation Council approval)

Application Checklist

• The application template has been copied and aptly renamed (project_name.md).
• I have read the application guidelines.
• Payment details have been provided (Polkadot AssetHub (USDC & DOT) address in the application and bank details via email, if applicable).
• I understand that an agreed upon percentage of each milestone will be paid in vested DOT, to the Polkadot address listed in the application.
• I am aware that, in order to receive a grant, I (and the entity I represent) have to successfully complete a KYC/KYB check.
• The software delivered for this grant will be released under an open-source license specified in the application.
• The initial PR contains only one commit (squash and force-push if needed).
• The grant will only be announced once the first milestone has been accepted (see the announcement guidelines).
• I prefer the discussion of this application to take place in a private Element/Matrix channel. My username is: @_______:matrix.org (change the homeserver if you use a different one)

[github-actions]

CLA Assistant Lite bot All contributors have signed the CLA ✍️ ✅

[satyawaniaman]

I have read and hereby sign the Contributor License Agreement.

[satyawaniaman]

Hey @keeganquigley, Can you review my application.

[keeganquigley]

Hey @satyawaniaman thanks for the application. We typically don't fund privacy-related grants through the W3F grants program. Have you thought about going to the Kusama treasury with this?

[PieWol]

Thanks again for the application. Following @keeganquigley 's reasoning, I'm going to close this PR. Happy to continue the conversation though, trying to find out if the Kusama treasury or the Kusama zk initiative would be a better fit.