Lend
Earn variable interest
Deposits + returns encrypted
PROTOCOL DESIGN · IN DEVELOPMENT
Encrypted
money markets.
How lending works.
Supply assets
Withdraw available assets
Shared pool
Public TVL · rates · utilization
If LTV exceeds its limit,
collateral is sold to repay debt.
Borrow assets
Repay + interest
Borrow
Lock collateral → borrow
Repay → unlock collateral
Collateral + debt encrypted
BUILT ON SOLANA
More capital. Less waiting.
Build where capital already moves.
Existing wallets, assets and lending markets. One shared settlement network.
Capital on Solana
Less delay.
Healthier markets.
Faster liquidations can reduce the risk of bad debt.
Solana’s speed roadmap.
WHY ENCRYPT
Compute without decrypting.
Hammock needs FHE to compute on shared lending state without exposing positions to competing participants. Encrypt.xyz’s REFHE targets fast, efficient computation.
- 24.5×
- faster 64-bit multiplication
- ~22×
- smaller ciphertexts
ZK proves results; the prover still sees the inputs.
MPC coordination can limit scale.
TEEs add hardware risk. tee.fail ↗
POWERED BY IKA
Programmable control.
Set eligibility rules, configure custody and connect native assets to lending.
Planned for Hammock.
Policy at signing.
Check eligibility privately with zkKYC/zkKYB. Require credentials, jurisdiction rules and transaction limits to pass before signing.
Flexible custody.
Seedless access with passkeys, passwords or wallet keys. Configure individual or shared approvals and recovery.
Native assets.
Use Bitcoin, Ethereum and Canton assets in lending while they stay on their native networks, without wrapped versions.
Distributed decryption.
In Encrypt’s published design, Ika coordinates threshold decryptors. A quorum must cooperate to decrypt; no single decryptor can reveal the data alone.