👑 DeFi Showdown Champion 👑The votes are in, and the people have spoken!🏆 @zkp2p takes the crown as Top DeFi Protocol on @base with a commanding victory! ⚔️Huge respect to all protocols that battled it out, and thank YOU for voting!Summary of ZKP2P's path to victory 👇 https://t.co/kk77XrA6Oi ...

1️⃣ ZKP2P@zkp2p offers a frictionless, low-cost, and private onboarding experience to Base for crypto users seeking an alternative to traditional crypto exchange experiences.https://t.co/thFAlxyEHpZKP2P (@zkp2p):1/ Today, we’re releasing ZKP2P V2—our next iteration of a trust-minimized, instant on/offramp protocolOnramp to USDC, ETH, cbBTC and more across any chain using Venmo, CashApp, Wise, or Revolut. No fees, no extra ID checks, and in under 60 seconds—settled on @base https://t.co/PzfK8aNRIQ ...

Match: @zkp2p x @compoundfinance🌉 ZKP2P uses ZK proofs to enable peer-to-peer fiat/crypto onramps with privacy and composability.🪙 Compound is an algorithmic money market - borrow and lend without intermediaries.VOTING starts at 2pm ET! ↓https://t.co/JjaXkPpf29 ...

New Currency Support - ZKP2P added support for 9 new currencies, including CZK (Czech Koruna), CNY (Chinese Yuan), DKK (Danish Krone), HUF (Hungarian Forint), RON (Romanian Leu), SEK (Swedish Krona), NOK (Norwegian Krone), INR (Indian Rupee), and PHP (Philippine Peso) [1] - Revolut & Wise platforms are supported for CZK, CNY, DKK, HUF, RON, SEK, and NOK [1] - Wise platform exclusively supports INR and PHP [1] Platform Updates - ZKP2P developers are actively working on platform improvements and updates [1]

Privacy Tools Overview - The industry highlights the availability of live privacy tools such as ZKP2P, Fluidkey, Railgun, and Veil for private on-chain fund management, yield earning, and wallet transfers [1] - The report emphasizes that private on-chain activity is becoming increasingly important as institutional surveillance grows [8] On-ramping Solutions - ZKP2P facilitates peer-to-peer fiat-to-USDC exchange using zero-knowledge proofs, bypassing KYC requirements [2] - Fluidkey integrates with Bridge to offer fiat on-ramps, converting funds to USDC and depositing them into unlinkable stealth addresses after a light KYC process [2] Asset Management - Fluidkey generates new stealth addresses for each incoming transaction, breaking sender-receiver links while aggregating balances in one interface [3] - Railgun shields assets on Ethereum, Arbitrum, Polygon, and BNB Chain using ZKPs, hiding sender, receiver, and amounts [4] Yield Earning - Privacy Pools supports sUSDS yield vaults, using an ASP system to ensure compliance and allow withdrawals with ZKPs proving funds come from a clean set [5] - Railgun integrates with yield protocols like Beefy Finance, enabling users to earn on shielded assets while maintaining privacy [5] Private Transfers - Veil is suitable for one-time moves, allowing users to deposit ETH or USDC into zkSNARK pools on Base and withdraw to a fresh wallet [6] - Privacy Pools by 0xbow allows private transfers of ETH, USDC, USDS, and sUSDS between addresses, ensuring fund legitimacy via ASP [7] - Railgun is the only tool allowing indefinite direct transfers between shielded addresses, requiring both parties to use Railgun [7] Privacy Levels - For maximal privacy, the industry suggests using ZKP2P to onramp and then shielding funds with Railgun [7] - For practical privacy, the industry suggests using Fluidkey and Privacy Pools for fiat rails, stealth addresses, and yield tools [8] - For occasional privacy, the industry suggests using Veil or Privacy Pools selectively when breaking wallet links is needed [8]

Key Problems Solved by ZKP2P - Traditional crypto onramps face high fees, with Moonpay charging up to 45%, and Transak charging $1 + 35% [1] - Cumbersome KYC processes and limited asset support hinder user onboarding [1] - Inconsistent availability of services like Coinbase across different regions poses a challenge [1] ZKP2P Solution and Technology - ZKP2P matches buyers and sellers, utilizing zkTLS to securely transfer data from Web2 to Web3 without exposing private details [1][2] - The platform supports on/off-ramping of any ERC20 token across Base, Polygon, Ethereum, and Solana, with various payment proof types [2] - ZKP2P employs "offchain relayers" for services like gas abstraction and wallet signing, with potential for KYC or regional specialization [3] - ZKP2P proves payments without exposing personal data, using cryptographic proofs generated locally to verify transactions [3][4] - PeerAuth, a browser extension, uses zkTLS to extract necessary information from Web2 payment apps like Venmo and Wise, ensuring minimal data exposure [4] Usage and Cost - ZKP2P offers faster and cheaper onramping compared to most alternatives, with fees sometimes being zero for small amounts [7] - Splitting larger orders into smaller ones can help manage fees [7] - The protocol aims to deliver seamless, private crypto payments [8]