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FHEmix

An FHE powered crosschain crypto mixer for enhancing anonymity

FHEmix

Created At

ETHGlobal Brussels

Project Description

In current FHE networks, it not possible to use native assets (USDC, USDT) privately because of their existence in plaintext, which can lead to information leakage and undermines the ability of enjoying privacy and anonymity.

Building a Mixer cum exchange which enables user to wrap their native asset into encrypted asset while breaking the linkage of how much no of tokens are being wrapped by a particular user. If this mixer is made available to other chains too, they would have the facility of wrapping their native assets to encrypted ones.

How it's Made

FHE-mix is built using the Fhenix network and Hyperlane. Here, Fhenix acts as the encryption and tumbler layer and hyperlane is used to wrap and unwrap assets from other chains. Thanks to FHE, token amounts wrapped, transferred and addresses used can be obfuscated. Currently, assets from Linea can be briged to Fhenix and wrapped into encrypted assets for using the mixer. This opens up various possiblities in the field of Defi, not limited to private lending, dark pools, etc.

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