Privacy model

Private, not untraceable.

What Elypx402 hides, what it doesn’t, and what you’re trusting — stated plainly.

The promise

Unlinked, not invisible.

Elypx402 unlinks funding from spending: the wallet that deposits is not the identity that pays vendors. It does not make activity anonymous, and we never describe it that way.

PRIVATE, NOT UNTRACEABLE

Deposits and withdrawals are still public. Timing, amounts, and network metadata can still correlate activity. We design for real privacy, not a promise we can’t keep.

How it works

Where privacy starts and stops

DepositPublic on-chain
→
ScreeningAbout an hour
→
Private balanceShielded USDC
→
Agent paysWithin policy
→
WithdrawPublic on-chain

Elypx402 integrates the existing Elysium private rail (ElysiumSwap Private: shielded USDC pools, screening, relayer and ERC-5564 stealth payments). We do not build our own pool, circuit or mixer.

Visibility

What is public, and what isn’t

Still public

  • Deposits and withdrawals
  • Timing and amounts, which can still correlate activity
  • Network metadata
  • That an address has used the private rail

Unlinked by design

  • Which deposit funded which payment
  • Which vendor an agent paid, from the outside
  • How often an agent calls a vendor

An exportable receipt is the other side of this: you can prove a payment to finance or compliance, and reveal only what you choose.

Data

What stays on your device

Private keys, recovery phrases, ZK notes, proofs and payment signatures are generated and held client-side. They never reach our servers.

ItemWhere it lives
Recovery phraseYour device only — shown once
Notes, proofs, payment signaturesYour device only — never logged
Policy configuration and agent labelsElypx402 backend
Receipt hashes and settlement statusElypx402 backend — hash and status only, never payloads
ⓘThe recovery phrase cannot be recovered. If you lose it, Elypx402 cannot restore your private account.
Trust assumptions

What you are relying on

  • The Elysium private rail’s entrypoint is the only upgradeable contract in that stack, controlled by a single MPC-controlled owner.
  • Its relayer can be paused.
  • Its processor and relayer contracts are disclosed as not yet externally audited as of our most recent check. We re-confirm this before relying on it for real funds, and we don’t round it up to “audited and safe”.