X @Ansem

Project Overview - Umbra aims to bring private transactions to Solana DeFi, enabling users to send and swap tokens without exposing wallet details or amounts [1] - The project is built on Arcium's encrypted compute, preserving Solana's speed and composability while keeping data private [1] - Umbra's dual revenue model includes protocol fees and SDK monetization, aiming for sustainability [3] Funding and Tokenomics - The project raised over $8.3 million, exceeding its target of $750 thousand by 1109% [4] - The token sale allocated 10 million tokens for ICO, 5 million for liquidity (2 million paired with 20% of funds), and 13.5 million for the team and backers with performance-based unlocks [4] - Governance will be DAO-first, with all liquidity, funds, and mint authority transferring to the DAO after the sale [4] Development and Milestones - The team plans to ship core features within six months after the ICO, focusing on tangible delivery [2] - Upcoming milestones include confidential swaps and transfers, a developer SDK, and a compliance-ready design [2] - Future roadmap items include private swaps within the Umbra app, an Umbra SDK for on-chain privacy, and a Zcash–Solana bridge [2]