An on-chain solution for compliance and sybil protection that doesn’t sacrifice anonymity
Eclipse Fi is paving the way for DeFi to prove that yes, DeFi is for the crypto community, and yes, DeFi is here to stay and can adapt to regulations, merging the blockchain ethos of privacy with the future of identities.
This article is in cooperation with and paraphrased from Eclipse Fi’s announcement.
About Eclipse Fi
Eclipse Fi’s goal is to establish itself as a global leader in the innovation of outdated models for liquidity bootstrapping, token launches, and platform go-to-market strategies.
By building a versatile modular launch platform, incorporating diverse mechanisms like lockdrops, liquid auctions and more, Eclipse Fi empowers projects to customize their token launches, creating multi-stage flows that prioritize user acquisition, liquidity bootstrapping, and protocol value — not solely a capital raising event. This approach empowers launch partners to attract sticky liquidity, and equitably distribute tokens to a community of loyal, unique and verified users.
Eclipse Fi’s vision is to usher in a new era for token launches, solving DeFi and launchpads’ prevailing pain points of mistrust and uncertainty. This entails implementing rigorous community-led due-diligence, enhanced transparency through public due-diligence reports and reviews, and introducing fairer launch mechanisms that prioritize committed community members and users over short-term mercenary flippers. In doing so, Eclipse Fi is shaping the future benchmark for token launch best practices.
In executing its vision, Eclipse Fi embarks on a journey to instill trust, innovation, sustainability, and greater levels of ethical conduct at the core of token launches.
Zero-Knowledge Proofs: Enabling Anonymous KYC
A zero-knowledge (zk) proof allows one party to verify the authenticity of a statement to another party, ensuring that the verifier gains no additional information beyond the veracity of the statement itself.
This capability becomes particularly potent in matters involving identity and data. Eclipse Fi will utilize zk tech to allow web3 users to submit KYC verification without putting their sensitive identity data at risk, offering peace of mind as regulatory demands for compliance increase.
Leveraging the power of ZKPs, zk-KYC is a simple on-chain solution that protects users and projects against unseen risks.
About zkMe
We at zkMe are building a decentralized Identity Oracle that provides secure and private on-chain verification of credentials. Leveraging zero-knowledge proofs (ZKPs), our platform can perform KYC verification and other credentials-related services in an anonymous and secure manner. This allows zkMe to provide platform infrastructure that is private-by-design, secure-by-design, and decentralized-by-design. With the 3-design philosophies, we are able to satisfy the privacy and security needs of the web3 community, while allowing Eclipse Fi and their partners to leverage identities in a new (for crypto) way.
The idea behind zkMe is simple — ensure privacy even when providing proof of identity. For example, zkMe anti-sybil services leverage fully encrypted biometric data that is not stored on any third-party or primary servers to verify unique humanity, all without sensitive data ever being decrypted. The only entities that can ever view the data are approved regulators, and only after they initiate bad actor recovery proceedings (this is how zkMe stays compliant). The platform is summed up succinctly in the zkMe slogan — you, privately verified.
Eclipse Fi Integrates zkMe zk-KYC for a New DeFi Paradigm
Eclipse Fi and zkMe have formed a strategic partnership to seamlessly integrate zk-KYC functionality across the Eclipse Fi platform. This groundbreaking collaboration marks the inaugural launch of an integrated zkMe platform in the market, pioneering the zk-KYC framework within DeFi.
zkMe’s platform integration is a milestone achievement not only for Eclipse Fi, but also for the broader industry. This partnership signifies the first step in a transformative approach towards achieving compliance in a manner palatable to the user, and security. Eclipse Fi’s adoption of zk-KYC is a noteworthy case study in innovation.
Eclipse Fi’s industry-leading platform is an ideal showcase for the powerful applications of zero-knowledge solutions for launchpad compliance. Integrating on-chain zk-KYC enhances platform resistance to fraudulent users while instilling users with unwavering confidence that their privacy is secure. This also assists in the combating of sybil resistance, helping to ensure fairness for active users.
Eclipse Fi’s commitment to both compliance and the DeFi user experience ensures long-term platform sustainability. The platform strikes a harmonious balance between regulatory adherence and preservation of the DeFi ethos, thus solidifying its enduring presence in the industry.
ABOUT Eclipse Fi
Eclipse Fi is positioned as the premier launch platform for the Sei and cosmos ecosystems and is ushering in a new era for sustainable token launches and protocol go-to-markets. Eclipse Fi will offer top-projects the ability to customise their token launches, granting them the ability to harness a wide range of launch and liquidity bootstrapping mechanisms, which can be combined together in various ways to service different launch needs.
For more information, follow the links below:
Website | Twitter | Discord | Docs | Telegram
ABOUT zkMe
zkMe builds zk Identity Oracles for truly decentralized & anonymous cross-chain credential verifications.
No personal information is ever processed by anyone but the user themselves. Data leaks & misuse by the service provider are impossible; full interoperability & reusability result in a superior ID solution. zkMe’s is the only FATF compliant KYC provider to be fully decentralized, offering a full suite of products from anti-bit/anti-sybil, to KYC and more.
For more information, follow the links below:
Homepage | Twitter | Discord | Docs | Education Hub
