CipherPerps
Confidential perpetuals
ETH/USDC perpetuals with position size & leverage built for encryption (Zama FHE). Oracle-driven pricing, liquidation-aware MVP on Sepolia.
Built for confidential onchain trading. CipherPerps combines oracle pricing, liquidation-aware risk checks, and a Zama FHE-ready path for private position parameters.
1
Market (ETH/USD)
1e8
Oracle decimals
Sepolia
Demo network
FHE-ready
Encrypted parameters
Markets we're rolling out
Live today: ETH/USDC perpetuals on Sepolia. More markets unlock as encryption and the risk model harden toward mainnet.
Ethereum
Bitcoin
Solana
Arbitrum
Optimism
Polygon
Avalanche
CardanoWhat builders say
Representative quotes for the MVP — swap in real users as you ship to production.
The Sepolia demo made it click: you can keep leverage and size out of the public mempool narrative while still enforcing health onchain.
Chainlink pricing + a clean trading UI meant we could focus on the FHE integration path instead of rebuilding infra from scratch.
CipherPerps nails the story: privacy for traders, transparency for the protocol rules. That balance is rare in perp MVPs.
The Sepolia demo made it click: you can keep leverage and size out of the public mempool narrative while still enforcing health onchain.
Chainlink pricing + a clean trading UI meant we could focus on the FHE integration path instead of rebuilding infra from scratch.
CipherPerps nails the story: privacy for traders, transparency for the protocol rules. That balance is rare in perp MVPs.
Liquidation still matters even when parameters are private — the MVP makes that constraint feel understandable, not hand-wavy.
We used the repo as a hackathon base: contracts deploy cleanly, and the frontend already separates landing vs terminal.
Zama-ready scaffolding in the repo saved time. The important part is the ABI evolution — but the UX direction is right.
Liquidation still matters even when parameters are private — the MVP makes that constraint feel understandable, not hand-wavy.
We used the repo as a hackathon base: contracts deploy cleanly, and the frontend already separates landing vs terminal.
Zama-ready scaffolding in the repo saved time. The important part is the ABI evolution — but the UX direction is right.
Single-market MVP is a feature: fewer moving parts while you prove encrypted parameters + oracle-driven pricing.
The position card + oracle read path made it easy to sanity-check our deployment addresses on Sepolia.
If you want confidential perps that still feel like trading software, this is one of the clearest starting points I’ve seen.
Single-market MVP is a feature: fewer moving parts while you prove encrypted parameters + oracle-driven pricing.
The position card + oracle read path made it easy to sanity-check our deployment addresses on Sepolia.
If you want confidential perps that still feel like trading software, this is one of the clearest starting points I’ve seen.