Sell your treasury without leaking it.
Zerith is the private auction protocol for token foundations and market makers. Bidders compete with sealed prices, the chain clears a fair settlement, losing bids stay encrypted forever. No leaked order flow, no front-running, no slippage to MEV. Built on Fhenix fully homomorphic encryption.
On public chains, every number is exposed.
MEV bots extract $500M+ annually by front-running trades. Auction bids are visible, enabling sniping. Portfolio values are public, making holders targets. Salaries, vendor payments, treasury moves — all readable by anyone with a block explorer.
One protocol. Four primitives.
Launch
Sealed, Vickrey, Dutch, Batch, Overflow — every token launch format with encrypted bids.
Pay
Split payments across recipients. Each sees only their own encrypted amount.
Trade
Hidden limit orders, P2P matching, OTC board. Zero front-running possible.
Hire
Post jobs, receive sealed bids, milestone escrow. Budgets stay confidential.
Compute on ciphertext. Reveal nothing.
Encrypt client-side
Your values are encrypted via @cofhe/sdk before leaving your browser. A ZK proof guarantees validity without revealing the plaintext.
Compute on ciphertext
Smart contracts run FHE operations (add, compare, select) directly on encrypted data. Values never decrypt on-chain.
Unseal selectively
Only authorized parties decrypt via cryptographic permits. The chain stores hashes. Validators see noise. You see truth.
What only FHE makes possible.
Blind Floor
Dutch auctions with encrypted purchase amounts. See the price, hide the size.
Encrypted Disputes
Freelance milestone disputes resolved without revealing bid prices to arbitrators.
Cross-Feature Flow
Launch tokens via auction, pay contributors via splits, trade on OTC — one protocol.
How private is "private"?
Fhenix's public framework grades blockchain privacy on a 3-tier ladder. We show you exactly where Zerith sits — and where we're heading.
— Stage 0
Trust the Box
Privacy depends on hardware enclaves (TEEs). Fast — but if the box is compromised, every secret leaks at once.
— Stage 1
Pure Cryptography
Math, not hardware. Smart contracts compute directly on encrypted data with FHE. No TEE, no single trusted party.
— Stage 2
Defense in Depth
Distributed key generation, permissionless operators, optional TEEs, economic incentives. Privacy survives partial compromise.
Compose encrypted ops across the whole stack.
Every operation settles through one shared encrypted vault. A deposit can flow through launches, payments, trades, and hires — never touching plaintext in transit. That's the architectural moat no fork can copy in a weekend.
Source
Encrypted Deposit
Launch
Sealed-bid token auctions
Pay
Encrypted multi-recipient splits & streams
Trade
Private OTC + limit orders
Hire
Blind-bid freelance with milestones
Hover any flow to follow the encrypted path
22+
FHE operations
20
Smart contracts
5
Auction types
4
Hero flows