We are thrilled to announce our investment in Vanish, a pioneering privacy infrastructure layer for traders on Solana. In an industry where transparency is both a feature and a flaw, Vanish delivers a much-needed solution: simple, fast, and seamless on-chain anonymity. By masking trading activity without sacrificing performance or liquidity, Vanish is poised to become a cornerstone of Solana's trading landscape.

Our conviction in Vanish is built on a simple thesis: privacy is a requirement for a mature financial ecosystem. The platform's brilliant "Privacy as a Service" model, combined with a landmark partnership with a market-leading trading bot, creates a go-to-market strategy that we believe will result in immediate product-market fit and explosive growth.

Solana's blockchain processes over $7 billion in decentralized exchange (DEX) volume daily. Its high throughput and low fees have made it a favorite among traders. However, its transparent nature creates significant, unaddressed problems:

• Front-Running & Copy-Trading: Sophisticated bots and "wallet watchers" can see incoming trades of all wallets and execute before them, or copy the strategies of successful traders, eroding alpha and creating poor market dynamics.

• Public Exposure: A trader's entire history—every win, every loss, every token held—is public knowledge. This exposes them to unwarranted allegations when top wallets or influential accounts make trades or transfers.

• Clunky Workarounds: The current best practice for privacy-conscious traders is to use a new, freshly funded "burner" wallet for every sensitive trade. This is a slow and frustrating user experience that hinders active trading.

Existing privacy solutions are often too slow or complex, failing to meet the needs of active traders on Solana. Other solutions require trading venues to integrate with their bespoke execution environments that have significantly less liquidity, resulting in a poor trading experience for users. 

Vanish provides an elegant solution by obscuring the link between a user's deposit and their on-chain trades.

It works through a simple, three-step process:

1. Deposit: A user sends funds to a unique, private deposit address provided by Vanish.

2. Shield: These funds are shielded in Vanish's secure wallets, managed by the enterprise-grade security platform, Turnkey.

3. Trade: Vanish executes trades from these wallets through aggregators.

While trades are still public, it is difficult to link it back to the specific user who initiated it. This is achieved with minimal latency (~50ms), ensuring that speed is never compromised. Critically, trades are still routed via leading DEX aggregators, which retains best pricing for the user.

Vanish's primary product is a B2B "Privacy as a Service" API, allowing any trading terminal, wallet, or bot on Solana to integrate it as an value-add feature for their users. This allows Vanish to scale rapidly by tapping into established user bases.

1. A Landmark Go-to-Market Partnership Vanish is finalizing an integration with a leading trading terminal on Solana, which currently handles over $1 billion in weekly volume. This partnership is a game-changer, providing Vanish with:

• Immediate Distribution: Access to a massive, active user base from day one.

• Path to Profitability: Vanish will earn a 0.5% fee on all volume routed through its service. Capturing just 1-2% of this volume could translate to an estimated $500k to $1M in monthly net profit.

This single partnership validates the market need and dramatically de-risks the path to adoption and revenue.

2. A Scalable, "Plug-and-Play" Business Model The API-first approach is brilliant. Instead of fighting for users, Vanish partners with the platforms that already have them. This creates a powerful network effect where Vanish becomes the default privacy standard across the ecosystem, generating a steady revenue stream from integration fees.

3. An Experienced, Crypto-Native Team The Vanish team is composed of seasoned operators with deep, first-hand experience in on-chain trading. They have not only identified a critical problem they've personally faced but also possess the technical expertise to build a robust and secure solution.

4. A Clear Commitment to Security & Compliance Vanish has been built with institutional-grade security and compliance at its core.

• Secure by Design: User funds are secured by Turnkey, and all actions require a signature from the user's private key, to which only they have access.

• Compliance-First: The platform's "one-wallet-in, same-wallet-out" architecture ensures a clear fund flow for compliance purposes without exposing trading activity. Vanish is also implementing deposit screening with Elliptic and OFAC-level geoblocking to prevent illicit use.

Vanish is not just a feature; it's foundational infrastructure. We are confident that its privacy solution will become an essential component of the Solana trading stack. The team's long-term vision to progressively decentralize the platform and expand into new financial products like perpetuals demonstrates their ambition to build a lasting, indispensable protocol.

We believe Vanish represents a pivotal step forward in the evolution of decentralized finance, and we are proud to partner with them on this journey.

We are thrilled to announce our investment in Vanish, a pioneering privacy infrastructure layer for traders on Solana. In an industry where transparency is both a feature and a flaw, Vanish delivers a much-needed solution: simple, fast, and seamless on-chain anonymity. By masking trading activity without sacrificing performance or liquidity, Vanish is poised to become a cornerstone of Solana's trading landscape.

Our conviction in Vanish is built on a simple thesis: privacy is a requirement for a mature financial ecosystem. The platform's brilliant "Privacy as a Service" model, combined with a landmark partnership with a market-leading trading bot, creates a go-to-market strategy that we believe will result in immediate product-market fit and explosive growth.

Solana's blockchain processes over $7 billion in decentralized exchange (DEX) volume daily. Its high throughput and low fees have made it a favorite among traders. However, its transparent nature creates significant, unaddressed problems:

• Front-Running & Copy-Trading: Sophisticated bots and "wallet watchers" can see incoming trades of all wallets and execute before them, or copy the strategies of successful traders, eroding alpha and creating poor market dynamics.

• Public Exposure: A trader's entire history—every win, every loss, every token held—is public knowledge. This exposes them to unwarranted allegations when top wallets or influential accounts make trades or transfers.

• Clunky Workarounds: The current best practice for privacy-conscious traders is to use a new, freshly funded "burner" wallet for every sensitive trade. This is a slow and frustrating user experience that hinders active trading.

Existing privacy solutions are often too slow or complex, failing to meet the needs of active traders on Solana. Other solutions require trading venues to integrate with their bespoke execution environments that have significantly less liquidity, resulting in a poor trading experience for users. 

Vanish provides an elegant solution by obscuring the link between a user's deposit and their on-chain trades.

It works through a simple, three-step process:

1. Deposit: A user sends funds to a unique, private deposit address provided by Vanish.

2. Shield: These funds are shielded in Vanish's secure wallets, managed by the enterprise-grade security platform, Turnkey.

3. Trade: Vanish executes trades from these wallets through aggregators.

While trades are still public, it is difficult to link it back to the specific user who initiated it. This is achieved with minimal latency (~50ms), ensuring that speed is never compromised. Critically, trades are still routed via leading DEX aggregators, which retains best pricing for the user.

Vanish's primary product is a B2B "Privacy as a Service" API, allowing any trading terminal, wallet, or bot on Solana to integrate it as an value-add feature for their users. This allows Vanish to scale rapidly by tapping into established user bases.

1. A Landmark Go-to-Market Partnership Vanish is finalizing an integration with a leading trading terminal on Solana, which currently handles over $1 billion in weekly volume. This partnership is a game-changer, providing Vanish with:

• Immediate Distribution: Access to a massive, active user base from day one.

• Path to Profitability: Vanish will earn a 0.5% fee on all volume routed through its service. Capturing just 1-2% of this volume could translate to an estimated $500k to $1M in monthly net profit.

This single partnership validates the market need and dramatically de-risks the path to adoption and revenue.

2. A Scalable, "Plug-and-Play" Business Model The API-first approach is brilliant. Instead of fighting for users, Vanish partners with the platforms that already have them. This creates a powerful network effect where Vanish becomes the default privacy standard across the ecosystem, generating a steady revenue stream from integration fees.

3. An Experienced, Crypto-Native Team The Vanish team is composed of seasoned operators with deep, first-hand experience in on-chain trading. They have not only identified a critical problem they've personally faced but also possess the technical expertise to build a robust and secure solution.

4. A Clear Commitment to Security & Compliance Vanish has been built with institutional-grade security and compliance at its core.

• Secure by Design: User funds are secured by Turnkey, and all actions require a signature from the user's private key, to which only they have access.

• Compliance-First: The platform's "one-wallet-in, same-wallet-out" architecture ensures a clear fund flow for compliance purposes without exposing trading activity. Vanish is also implementing deposit screening with Elliptic and OFAC-level geoblocking to prevent illicit use.

Vanish is not just a feature; it's foundational infrastructure. We are confident that its privacy solution will become an essential component of the Solana trading stack. The team's long-term vision to progressively decentralize the platform and expand into new financial products like perpetuals demonstrates their ambition to build a lasting, indispensable protocol.

We believe Vanish represents a pivotal step forward in the evolution of decentralized finance, and we are proud to partner with them on this journey.