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X1 Privacy

Send XNT and USDC.x with the amount hidden on chain, and unwrap one for one at any time.

x1privacy.xyz · listed 2 Oct

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X1 Privacy lets you hold and send XNT and USDC.x with the amount hidden on chain. You wrap into cXNT or cUSDC.x one for one (a one-time 0.39% fee), send privately, and unwrap whenever you like with no fee.

Balances and transfer amounts are encrypted. Addresses and wrap or unwrap amounts stay public. Every confidential token is backed one for one by the program's reserve, and nobody can freeze a balance. It has been reviewed internally and by one independent reviewer.

Updates from X1 Privacy

  1. Launch

    X1 Privacy: send XNT and USDC.x with the amount hidden

    Wrap XNT or USDC.x into cXNT or cUSDC.x, send it privately, and unwrap one for one whenever you like.

    X1 Privacy lets you hold and send XNT and USDC.x with the amount hidden on chain. It went live on X1 mainnet on 2 October.

    How it works

    1. Wrap: move XNT or USDC.x into the program's reserve and receive cXNT or cUSDC.x one for one. A one-time 0.39% fee applies.
    2. Send privately to another confidential account. The amount is stored encrypted, and each transfer carries zero-knowledge proofs that it is valid.
    3. Unwrap whenever you like: the confidential token is burned and the same amount comes back from the reserve, with no fee.

    Your confidential keys come from a signature your wallet makes, computed in the page, so there is no extra seed phrase.

    What is private and what is not

    • Hidden: balances and transfer amounts.
    • Public: addresses, who sent to whom, and how much is wrapped or unwrapped.

    This is confidentiality of amounts, not anonymity, and the app says so plainly.

    Why it's good for X1

    It is the first app most people can use to try the confidential-transfer features X1 inherited from Solana's Token-2022. Payroll, supplier payments and treasury moves become possible without broadcasting every figure. It also shows off the zk gates activated in October, which make the proofs cheaper to verify.

    Trust model

    • Supply always equals the reserve. Confidential tokens are only minted against deposits and burned on unwrap.
    • Nobody can freeze or move your balance.
    • It has been reviewed internally and by one independent security reviewer, with more audits planned. Only use amounts you can afford to lose.
    • Program: X1PRVwe2PgSYyWZH2hBtUqAxnpPtp6s14jAgZCu4iF1

    Sources

    Open X1 Privacy →