Overview
- Payy says its new L2 auto-routes ERC-20 transactions through private pools to conceal counterparties while preserving EVM compatibility.
- Users can enable private transfers from wallets like MetaMask without smart contract changes or custom token formats, according to the company.
- The network withdraws funds to fresh addresses for dApp interactions and stores sensitive details in offchain Privacy Vaults.
- The company is courting institutions and fintechs for on-chain payments privacy and says it is working with undisclosed stablecoin issuers.
- Payy plans to bootstrap adoption with roughly 100,000 existing wallet users and touts broader Ethereum privacy work such as Kohaku as context.