Hinkal Protocol is a system for private trading and yield farming on Ethereum Virtual Machine (EVM) chains. It's designed for users who want to carry out transactions and farming activities discreetly and cost-effectively.
What is Hinkal Protocol
Here's how it works:
- Private Transactions: Users can interact with decentralized apps (dApps) without their transactions being traced.
- Cost-Effective Rates: Transaction fees are low, ranging from 0.5 to 2.5 basis points.
- Private DeFi Hub: Offers services like private addresses, swaps, staking, and transfers. Users complete a KYC (Know Your Customer) process, get an "Access Token," and then can engage in private activities.
- Technology Used: Employs zkSNARKs for private transactions and stealth addresses for managing costs efficiently.
- Integration with Popular dApps: Hinkal works with dApps like Curve, Convex, Beefy, Uniswap, and plans to integrate with GMX and Lido. Users can access these dApps directly within Hinkal.
- KYC Solutions: Includes integrations with various KYC platforms like Binance, Galxe, and 0xKYC.
In summary, Hinkal Protocol provides a private, secure, and efficient way for users to engage in DeFi activities, offering a blend of privacy, low transaction fees, and easy access to popular dApps.
Team of Hinkal Protocol
Georgi Koreli
CEO
Georgi is the CEO and co-founder of Hinkal Protocol. In the past, he was the founder of SV Icons, organizing events for start-ups and VC funds in the Silicon Valey. He also did an internship in a VC fund.
Nika Koreli
CTO
Nika is the CTO of Hinkal Protocol. Before that he was the founder of novelty.today, a company building a community and event dApp where people are rewarded when attending events. They have pivoted to a KYC/AML solution.
Funding of Hinkal Protocol
Hinkal Protocol review
Pros
Enhanced Privacy
Enables untraceable transactions on dApps.
Low Transaction Fees
Charges only 0.5 to 2.5 basis points, more affordable than other privacy options.
DeFi User Focus
Supports private addresses, multi-platform swaps, staking, and yield farming.
Cons
Technical Complexity
Advanced zkSNARKs technology may be challenging for average users.
KYC Requirements
Necessary for security, but might deter privacy-focused users.
Regulatory Risks
Potential for legal challenges or regulatory changes affecting operations.
Inexperienced Team
Lack of DeFi experience in the team could impact product development.
Opportunities
AirdropMainnet
Minimal cost: ~20 USD
Hinkal Protocol
Swap tokens, provide liquidity and join social campaigns for a potential Hinkal airdrop!