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Goals

Primary Design Goals:
  • Decentralized on/off-ramp between fiat and stablecoins without fiat escrow.
  • Privacy by design using ZK proofs for identity verification while keeping raw data off-chain. Bank transaction verification is planned (see Section 4.2).
  • Credible neutrality: protocol-level rules are open, transparent, and upgradable via governance.
  • Fast settlement: typical completion within minutes, targeting sub-~90s for common rails as network, liquidity, and automation improve.
  • Safety & integrity: explicit threat model, dispute flows, and rate/limit controls to minimize fraud.

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Decentralized On/Off-Ramp

The protocol enables peer-to-peer fiat-to-stablecoin exchanges without requiring users to trust a centralized custodian with their funds. Both crypto and fiat transfers happen directly between counterparties.

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Privacy by Design

Zero-knowledge proofs allow users to verify their identity and establish credibility without exposing personal data on-chain. Only the minimum necessary information is revealed through cryptographic attestations.

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Credible Neutrality

All protocol rules, parameters, and upgrade paths are transparent and governed on-chain. No special treatment exists for any client, merchant, or user—everyone operates under the same verifiable rules.

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Fast Settlement

By leveraging modern payment rails and L2 scaling solutions, the protocol targets settlement times competitive with centralized services while maintaining decentralization.

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Safety and Integrity

Multiple layers of protection including reputation systems, dispute resolution mechanisms, transaction limits, and fraud detection work together to create a secure environment.

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Non-Goals

Explicit Non-Goals:
  • The Protocol does not hold customer fiat or crypto in custody.
  • The Protocol does not guarantee price or liquidity; it coordinates peers and market inputs.
  • The Protocol does not store personal data on behalf of users; it records necessary commitments and verdicts on-chain while raw evidence remains off-chain.

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No Custodial Services

P2P Protocol fundamentally differs from centralized exchanges by never taking custody of user funds. Users maintain control of their assets throughout the transaction lifecycle.

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No Guaranteed Liquidity

The protocol provides coordination and matching infrastructure but does not promise specific pricing or guaranteed trade execution. Market conditions depend on merchant participation and broader economic factors.

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No Personal Data Storage

Raw identity documents, bank statements, and other personal information never touch the blockchain. Only cryptographic commitments and dispute verdicts are recorded on-chain, with all sensitive data remaining off-chain with users or their chosen verifiers.

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