Cyclone is simple -- a user deposits cryptocurrency into a pool and later withdraws from the same pool, which obfuscates the deposited tokens' history. For deposits, the user sends a "secret" in the form of a hash (called a commitment) and the deposit amount to the Cyclone smart contract. The contract accepts the deposit and adds the commitment to its list of deposits.
Later, when the user decides to make a withdrawal, they provide proof via the same secret via an unspent commitment from the smart contract’s list of deposits. zkSNARKs technology allows this to happen without revealing which exact deposit corresponds to this secret. The smart contract checks the proof, and transfers the originally deposited funds to the address specified for withdrawal. An external observer will be unable to determine which deposit this withdrawal came from.
For an even deeper dive, please see the cryptographic review.
As an anonymous team, we value complete transparency and aim for a safe and smooth launch of Cyclone. Everything is open-source and verifiable -- we apply the exact zkSNARKs implementation used by tornado.cash, which has been extensively audited (circuit, smart contracts). In addition, we directly use the result from Trusted Setup MPC
which is successful and running well on Ethereum.
Cyclone Token: io1f4acssp65t6s90egjkzpvrdsrjjyysnvxgqjrh
Timelock: io10jv5lvagcgyvzagdlymagucyp3sy9ykktkudth
GovernorAlpha:io1w8n28wr5dpc2uh3pzvx4n402h0l2agmu67a26x
Aeolus: io1j2rwjfcm7jt7cwdnlkh0203chlrtfnc59424xc
Hasher: io1pfq0g3ye7pp0gamtw4hj9kskunn3ue7400wdm5
Verifier: io1rn3z2c9hc3fxnukwa0cl69hdveh0uy8mar8vqr
Cyclone Token:TBD
Timelock: TBD
GovernorAlpha:TBD
Aeolus: TBD
Hasher: TBD
Verifier: TBD