The problem we address
Overview
In today’s blockchain landscape, a wallet is the main user gateway into the ecosystem. A typical wallet manages keys, updates balances, and earns from swaps by collecting small fees. However, this setup places the burden on users to understand the tech and troubleshoot issues on their own. For instance, if a user lacks SOL to send a SPL token, they’ll run into a “Not enough SOL for fees” error, which often leads to confusion.
Another recurring challenge is handling assets across chains — users have to create new addresses, bridge tokens, and manage native gas tokens for each chain. On Solana, despite high performance and low fees, navigating wrapped tokens and different programs still requires technical know-how.
Moreover, blockchain’s public ledger and pseudonymity introduce serious privacy concerns. Once an address is linked to someone, their entire history becomes visible. Privacy-enhancing tools could help, but their use is constrained by global regulatory pressure, as seen with Tornado Cash on Ethereum. Today’s modern privacy protocols attempt to embed KYT from the start, relying on zero-knowledge proofs and digital credentials — which demand new infrastructure to support zk-based transaction monitoring.
🚨 Key Problems
With 100+ chains out there, users are drowning in complexity.
Wallets still push technical responsibility onto the user.
Pseudo-anonymity isn’t enough. Once linked to an identity, on-chain privacy is permanently lost.
KYT is not optional — it’s the foundation for connecting DeFi with real-world finance.
✅ Draft Solution
Smarter wallets should abstract away complexity — not just show balances.
Privacy is a fundamental requirement for DeFi’s next evolution.
KYT and privacy can peacefully coexist — with zk-proofs, digital credentials, and encrypted compliance channels.
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