• Silent Protocol is a startup initiative spearheaded by researchers from TÜBİTAK BİLGEM, Turkey’s leading technological and scientific center.
• Its primary focus is developing a scalable privacy layer for existing applications, eliminating the need to swap liquidity from existing pools.
• The project has already attracted initial funding from venture capital firms such as Zee Prime Capital, Mechanism Capital, Hypersphere, and Daedalus with its $5 million funding round led by Sora Ventures.
Silent Protocol: Bridging the Gap between Traditional Banks and DeFi
Silent Protocol is a startup initiative spearheaded by researchers from TÜBİTAK BİLGEM, Turkey’s leading technological and scientific center focused on advancing the country’s capabilities in technology and science. With its innovative privacy solution, Silent Protocol hopes to bridge the gap between traditional banks and the DeFi sector.
$5 Million Funding Round Led By Sora Ventures
The project has already attracted initial funding from venture capital firms such as Zee Prime Capital, Mechanism Capital, Hypersphere, and Daedalus with its $5 million funding round led by Sora Ventures. These investors recognize the potential of Silent Protocol’s unique approach towards providing enhanced privacy solutions for existing applications.
Scalable Privacy Layer For Existing Applications
Its primary focus is developing a scalable privacy layer for existing applications that would eliminate the need to swap liquidity from existing pools. This could potentially increase efficiency while reducing transaction costs associated with executing trades across different platforms or assets types.
Unprecedented Level of Security & Privacy
+ Silent Protocol aims to provide an unprecedented level of security and privacy to users who want to access financial services without having to reveal their identity or transactional data. The platform also looks into ways of utilizing zero-knowledge proofs (ZKPs) which could be used for verifying transactions without revealing any sensitive information about them in the process.
Sora Ventures Leading $5M Round
+ With its $5 million funding round led by Sora Ventures , Silent Protocol looks forward to building more secure products while providing users with an unparalleled level of privacy when it comes to transacting in DeFi protocols or other financial services on blockchain networks.