H0 the privacy fog over hyperliquid
HyperEVM —

Hyperliquid put the
whole book on chain.
Including yours.

Every order, every fill, every liquidation is public and verifiable. That transparency is why people trust it. It is also why whole websites exist to follow the biggest wallets in real time, copy them, and push price toward their liquidation levels.

And Wall Street is arriving. ICE is building on HIP-3. No desk will trade a market where everyone can read its book. H0 is the layer where they do not.

veil  →  a desk nobody can tie to you  →  HIP-3 orders, public and unattributed  →  back to the veil

how it works

  1. Deposit, and get a note instead of a balance. What lands on chain is a sealed receipt only your key opens. Nobody can see whose it is, which asset it holds, or how much.
  2. Send it to a fresh trading desk. A relayer pays the gas, so the new address never receives a single wei from a wallet that knows you. There is no line to draw.
  3. Trade HIP-3 like everybody else. Stocks, indexes, gold, oil. The market still sees the order. It cannot see it was you.
  4. Come back when you are flat. The desk pays itself into a new note. It is allowed home only once, and only empty.

what changes

copy tradingnobody follows your wallet into your next trade
liquidation huntingyour position cannot be joined to the rest of what you hold
front running on sizeyour history stops announcing your next move
an auditorgets a view key, and sees exactly one account

the reading

—m

how deep the veil is right now

Depth is 10 · log2(N) metres, where N is the number of unspent notes. One note is 0 m: alone in a pool is the same as being visible. A full tree is 1 048 576 notes, which is exactly 200 m — where sunlight stops. It counts leaves. It is never a claim about anyone's safety.

notes in the veil—
booksUSDT0 · USDH · XAUt0 · tokenised equities
settlement domainsHyperEVM · Elysium

Open the veil