web3privacy/Web3privacynowplatform/scoringmodel/DeFi category prototype.md

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Scoring model testing repo

Applied scoring approach

Simplified overview

Project GitHub Team Docs Audit Score
Test project available & active GitHub / not (25%) public team / not (25%) available & not marketing docs / not (25%) available & up to date third-party audit / not (25%) total
-> 25% 25% 25% 25% from 0% to 100%

Note:

  • persona: non-techie
  • max score: 100% (public GitHub, third-party audit, public Docs, public team)
  • min score: 0%
  • 🚩 - represents project sunset, empty or inactive Github, marketing docs

DeFi

alt text

Project Description GitHub Product-readiness Ecosystem Team Docs Audit Score
Firn Protocol Firn is the first-ever zero-knowledge privacy platform in the account-based model, and introduces pluggable, flexible privacy to Ethereum-based chains. ZK (GitHub) live, june 2022 Ethereum anon Docs BlockSec 75%
Shade Shade Protocol is an array of connected privacy-preserving DeFi applications built on Secret Network (GitHub) live, february 2023 Cosmos anon Docs 🚩 2022: 2 audits 75%
Silent protocol Silent Protocol is the first protocol enabling compliant full-stack privacy for smart contract assets and web3 applications at scale. - TBD Ethereum anon - - 0%
🚩 sunset XATA A MEV Minimization solution to survive the Dark Forest - TBD Automata anon (Docs) - 25%
Sienna Network Sienna is a privacy-first and cross-chain decentralized finance platform where you can privately swap, lend and convert your tokens into their private equivalent 🚩LOW (GitHub) Q2 2023 Secret Network anon Docs 🚩 2022: 9 audits 75%
Elusiv Create blockchain privacy solutions that are built for everyday transactions — with the power of scalable ZK infrastructure on Solana ZK (GitHub) live, march 2023 Solana (Public) 🚩 marketing Docs - 75%
Offshift Offshifts proprietary Shifting mechanism allows users to Shift between our native token, XFT, and a full palette of private synthetics 🚩 LOW (GitLab) live, march 2023 Ethereum (anon) - - 25%
CAPE Configurable Asset Privacy for Ethereum (GitHub) testnet Ethereum anon Docs - 50%
Evanesco A financial protocol platform that combines Layer0 network infrastructure with a private computing framework. (GitHub) live, december 2021 Eva anon - - 25%
Dusk Network Is technology for securities. An open source and secure blockchain (DLT) infrastructure that businesses use to tokenize financial instruments and automate costly processes. (GitHub) testnet Dusk (Public) - - 50%
Manta Pay MantaPay is coming to Calamari as the first privacy payment solution in the Kusama ecosystem.ZK (GitHub) testnet v3 Polkadot public Docs - 75%
Webb an interoperable private bridge ZK (GitHub) beta Tangle anon Docs Audit of the DKG-Substrate pallet 75%
Panther Protocol is a decentralized privacy metaprotocol enabling confidential, trusted transactions and interoperability with DeFi ZK (GitHub) testnet launch Q2 2023, mainnet launch Q3 2023 Ethereum, Elrond, Polkadot, Avalanche, Near, Flare (Public) Docs 🚩 2021: ZKP Vesting, ZKP Token 100%
🚩 sunset zk.money The private DeFi yield aggregator for Ethereum.ZK (Docs) live, july 2022 Ethereum anon Docs - 25%
RAILGUN Private transfers and DeFi infra for Ethereum, Polygon, Binance Smart Chain and Arbitrum.ZK Github live, Jul 2021 Ethereum, BNB, Polygon (Public) Docs 5 audits 100%
Umbra As a protocol, Umbra defines a simple set of standards, coupled with a singleton smart contract instance, to enable stealth addresses on Ethereum (GitHub) mainnet, june 2021 Ethereum anon - 🚩 2021: 3 audits 50%
Light Shield private transactions for Solana. - mainnet-beta Solana anon Docs 🚩 2022: Code review 50%
Horizon Decentralized Anonymous Payment Systems ZK - TBD - anon 🚩 marketing Docs Messier 50%
Diva Free banking technology for everyone: everyone can join in, everyone can use DIVA.EXCHANGE (GitHub) TBD - (Public) Docs - -
🚩 sunset Yellow Submarine the first and only multichain dApp to offer plug-and-play private DeFi (PriFi) across all EVM-compatible chains (Docs) TBD EVM compatible anon - - 25%
BasicSwap Private Cross-Chain DEX (GitHub) beta, December 2022 SMSG (anon) - - 50%
Common Common will be a decentralized exchange that mitigates the Maximal Extractable Value (MEV) problem. - coming in 2023 Near, Ethereum, Solana, Kusama, Azero anon - - 0%
Sacred multi-chain DeFi Platform offers private Yield Bearing Deposits to DeFi users **ZK* 🚩 LOW (GitHub) TBD Ethereum, Polygon anon - - 25%
🚩 sunset Sahara The first dedicated privacy protocol ecosystem that enables on-platform trade between volatile and stable assets - coming in 2023 Ethereum, BNB, Polygon, Solana, Avalanche (Public) - 🚩 2022: Vesting contract 50%
🚩 sunset DeFiner Permission-less and configurable decentralized lending protocol with privacy 100% protected ZK (GitHub) beta DeFiner anon Docs 🚩 2020: Savings audits 75%
Hurricane Protocol A fully decentralized protocol offering private transactions on both the Terra & NEAR 🚩 no code (GitHub) TBD Terra, Near anon 🚩 marketing Docs - 50%
StealthPay a stealth address protocol for Ethereum. 🚩 dead (GitHub) TBD Ethereum anon - - 25%
BlackBox collection of tools allowing you send & receive SCRT anonymously (GitHub) TBD Secret Network anon - - 25%
Hinkal an easy-to-integrate privacy SDK that helps users anonymize transactions. - mainnet Polygon (Public) - Competitive security 50%
Conceal Network privacy-protected DeFi & encrypted comms (GitHub) live Conceal (anon) Docs - 50%
CIA protocol Building the truest form of DeFi with privacy by default. - TBD Ethereum anon - - 0%
🚩 sunset CoinBook Decentralized Multi Chain P2P Order Book - - multichain anon - - 0%
Seven Seas No KYC, privacy Focused crypto Exchange - - - - - - -
NonKYC NonKYC Exchange - - - - - - -
zkUSD Privacy-Preserving Collateralized Lending & more 🚩 no code (GitHub) - - - 🚩 marketing Docs - 50%
Spiral Finance non-custodial privacy solution based on ZK-Sync ERA ZK - - - - (Docs) - 25%
Fairy comprehensive DeFi platform for token swaps, lending, NFT trading, collateralization dead (GitHub) - - - Docs 🚩 2022: Certik 75%
Shade Cash A decentralized protocol for private transactions on Fantom Opera 🚩 no code (GitHub) - - - 🚩 marketing Docs - 50%

Post-assesment breakdown

100% scoring

Project GitHub Product-readiness Ecosystem Team Docs Audit Score
Panther Protocol (GitHub) testnet launch Q2 2023, mainnet launch Q3 2023 Ethereum, Elrond, Polkadot, Avalanche, Near, Flare (Public) Docs 🚩 2021: ZKP Vesting, ZKP Token 100%
RAILGUN Github live, Jul 2021 Ethereum, BNB, Polygon (Public) Docs 5 audits 100%

total: 2 projects

Details:

  • 1 red flag 🚩

75% scoring

Project GitHub Product-readiness Ecosystem Team Docs Audit Score
Firn Protocol (GitHub) live, june 2022 Ethereum anon Docs BlockSec 75%
Shade (GitHub) live, february 2023 Cosmos anon Docs 🚩 2022: 2 audits 75%
Sienna Network 🚩LOW (GitHub) Q2 2023 Secret Network anon Docs 🚩 2022: 9 audits 75%
Elusiv (GitHub) live, march 2023 Solana (Public) 🚩 marketing Docs - 75%
Manta Pay (GitHub) testnet v3 Polkadot public Docs - 75%
Webb (GitHub) beta Tangle anon Docs Audit of the DKG-Substrate pallet 75%
Diva (GitHub) TBD - (Public) Docs - -
🚩 sunset DeFiner (GitHub) beta DeFiner anon Docs 🚩 2020: Savings audits 75%
Fairy dead (GitHub) - - - Docs 🚩 2022: Certik 75%

total: 9 projects

Details:

  • 7 red flags 🚩
  • 1 sunset

50% scoring

Project GitHub Product-readiness Ecosystem Team Docs Audit Score
CAPE (GitHub) testnet Ethereum anon Docs - 50%
Dusk Network (GitHub) testnet Dusk (Public) - - 50%
Umbra (GitHub) mainnet, june 2021 Ethereum anon - 🚩 2021: 3 audits 50%
Light Shield - mainnet-beta Solana anon Docs 🚩 2022: Code review 50%
Horizon - TBD - anon 🚩 marketing Docs Messier 50%
BasicSwap (GitHub) beta, December 2022 SMSG (anon) - - 50%
🚩 sunset Sahara - coming in 2023 Ethereum, BNB, Polygon, Solana, Avalanche (Public) - 🚩 2022: Vesting contract 50%
Hurricane Protocol 🚩 no code (GitHub) TBD Terra, Near anon 🚩 marketing Docs - 50%
Hinkal - mainnet Polygon (Public) - Competitive security 50%
Conceal Network (GitHub) live Conceal (anon) Docs - 50%
zkUSD 🚩 no code (GitHub) - - - 🚩 marketing Docs - 50%
Shade Cash 🚩 no code (GitHub) - - - 🚩 marketing Docs - 50%

total: 12 projects

Details:

  • 11 red flags 🚩
  • 1 sunset

25% scoring

Project GitHub Product-readiness Ecosystem Team Docs Audit Score
🚩 sunset XATA - TBD Automata anon (Docs) - 25%
Offshift 🚩 LOW (GitLab) live, march 2023 Ethereum (anon) - - 25%
Evanesco (GitHub) live, december 2021 Eva anon - - 25%
🚩 sunset zk.money (Docs) live, july 2022 Ethereum anon Docs - 25%
🚩 sunset Yellow Submarine (Docs) TBD EVM compatible anon - - 25%
Sacred 🚩 LOW (GitHub) TBD Ethereum, Polygon anon - - 25%
StealthPay 🚩 dead (GitHub) TBD Ethereum anon - - 25%
BlackBox (GitHub) TBD Secret Network anon - - 25%
Spiral Finance - - - - (Docs) - 25%

total: 9 projects

Details:

  • 6 red flags 🚩
  • 3 sunsets

0% scoring

Project GitHub Product-readiness Ecosystem Team Docs Audit Score
Silent protocol - TBD Ethereum anon - - 0%
Common - coming in 2023 Near, Ethereum, Solana, Kusama, Azero anon - - 0%
CIA protocol - TBD Ethereum anon - - 0%
🚩 sunset CoinBook - - multichain anon - - 0%
Seven Seas - - - - - - -
NonKYC - - - - - - -

total: 6 projects

Details:

  • 1 red flag 🚩
  • 1 sunset

Red-flag applicable breakdown

Note:

  • 🚩 - represents - 25% of scoring
  • sunset - decreases scoring to 0%

100% scoring

Project GitHub Product-readiness Ecosystem Team Docs Audit Score
RAILGUN Github live, Jul 2021 Ethereum, BNB, Polygon (Public) Docs 5 audits 100%

total: 1 project

75% scoring

Project GitHub Product-readiness Ecosystem Team Docs Audit Score
Firn Protocol (GitHub) live, june 2022 Ethereum anon Docs BlockSec 75%
Manta Pay (GitHub) testnet v3 Polkadot public Docs - 75%
Webb (GitHub) beta Tangle anon Docs Audit of the DKG-Substrate pallet 75%
Diva (GitHub) TBD - (Public) Docs - -
Panther Protocol (GitHub) testnet launch Q2 2023, mainnet launch Q3 2023 Ethereum, Elrond, Polkadot, Avalanche, Near, Flare (Public) Docs 🚩 2021: ZKP Vesting, ZKP Token 75%

total: 5 projects

Details:

  • 1 red flag 🚩

50% scoring

Project GitHub Product-readiness Ecosystem Team Docs Audit Score
CAPE (GitHub) testnet Ethereum anon Docs - 50%
Dusk Network (GitHub) testnet Dusk (Public) - - 50%
BasicSwap (GitHub) beta, December 2022 SMSG (anon) - - 50%
Hinkal - mainnet Polygon (Public) - Competitive security 50%
Conceal Network (GitHub) live Conceal (anon) Docs - 50%
Elusiv (GitHub) live, march 2023 Solana (Public) 🚩 marketing Docs - 50%
Fairy dead (GitHub) - - - Docs 🚩 2022: Certik 50%
Shade (GitHub) live, february 2023 Cosmos anon Docs 🚩 2022: 2 audits 50%

total: 8 projects

Details:

  • 3 red flags 🚩

25% scoring

Project GitHub Product-readiness Ecosystem Team Docs Audit Score
Evanesco (GitHub) live, december 2021 Eva anon - - 25%
BlackBox (GitHub) TBD Secret Network anon - - 25%
Spiral Finance - - - - (Docs) - 25%
Horizon - TBD - anon 🚩 marketing Docs Messier 25%
Umbra (GitHub) mainnet, june 2021 Ethereum anon - 🚩 2021: 3 audits 25%
Light Shield - mainnet-beta Solana anon Docs 🚩 2022: Code review 25%
Sienna Network 🚩LOW (GitHub) Q2 2023 Secret Network anon Docs 🚩 2022: 9 audits 25%

total: 7 projects

Details:

  • 5 red flags 🚩

0% scoring

Project GitHub Product-readiness Ecosystem Team Docs Audit Score
Silent protocol - TBD Ethereum anon - - 0%
Common - coming in 2023 Near, Ethereum, Solana, Kusama, Azero anon - - 0%
CIA protocol - TBD Ethereum anon - - 0%
🚩 sunset CoinBook - - multichain anon - - 0%
Seven Seas - - - - - - -
NonKYC - - - - - - -
🚩 sunset zk.money (Docs) live, july 2022 Ethereum anon Docs - 0%
🚩 sunset Yellow Submarine (Docs) TBD EVM compatible anon - - 0%
Sacred 🚩 LOW (GitHub) TBD Ethereum, Polygon anon - - 0%
StealthPay 🚩 dead (GitHub) TBD Ethereum anon - - 0%
🚩 sunset XATA - TBD Automata anon (Docs) - 0%
Offshift 🚩 LOW (GitLab) live, march 2023 Ethereum (anon) - - 0%
zkUSD 🚩 no code (GitHub) - - - 🚩 marketing Docs - 0%
Shade Cash 🚩 no code (GitHub) - - - 🚩 marketing Docs - 0%
🚩 sunset Sahara - coming in 2023 Ethereum, BNB, Polygon, Solana, Avalanche (Public) - 🚩 2022: Vesting contract 0%
Hurricane Protocol 🚩 no code (GitHub) TBD Terra, Near anon 🚩 marketing Docs - 0%
🚩 sunset DeFiner (GitHub) beta DeFiner anon Docs 🚩 2020: Savings audits 75%

total: 17 projects

Details:

  • 17 red flags 🚩
  • 6 sunsets

Findings

DeFi category

  1. 38 projects
  2. 25 red flags
  3. 6 sunsets

high-risk category

  • 44.7% of the projects scored 0%
  • 18.4% scored 25%
  • 63.1% of the total projects - high-risk category (0-25%)

low-risk category

  • 1% of the projects hit 100%
  • 13.1% hit 75%
  • 14.1% combined - low-risk category

moderate risk-category

  • 21% - moderate risk-category