The anonymity problem in Ethereum has always come down to trade-offs: either a clunky interface and complex mechanics or fragmented liquidity. Payy Network offers a different approach: developers claim this is the first L2 chain where privacy is baked into the protocol architecture rather than operating as an add-on. Users don’t need to change their habits — simply adding the network to MetaMask makes standard transactions hidden.
How It Works
The system relies on two elements. The first is a native private pool holding all ERC-20 tokens. Direct transfers occur within this pool, remaining invisible to an external observer. If interaction with a smart contract is required, funds are withdrawn from the pool to a fresh, unexposed address.
The second element is Privacy Vaults. Transaction data goes there rather than to a public block explorer. This solution replaces cumbersome viewing keys. Developers can configure vault parameters via RPC, balancing between complete anonymity and regulatory requirements.
Who Needs This
The project targets two user categories. The first consists of crypto funds and native degens who need to hide their positions and capital movements without using CEXs or complex tools like Railgun. The second is fintech and the TradFi sector, ready to move flows on-chain but fearing that competitors might analyze their operations.
To ensure a quick start, Payy Wallet plans to attract 100,000 users on the very first day of the network launch. The team also announced a partnership with major stablecoin issuers, the list of which will be revealed in the coming weeks.
This post is for informational purposes only and does not constitute advertising or investment advice. Please do your own research before making any decisions.