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Veil DEX is now live.
app.veilnet.to/veil-dex
The first release is live with 5 active pairs:
ETH / USDC
ETH / VIRTUAL
ETH / KEYCAT
ETH / MFER
ETH / SPACEX
More pairs will be added over the next few days as we continue expanding liquidity routes and testing live execution across the Veilnet ecosystem.
Veil DEX is built around one core idea:
swaps should not expose the full user path by default.
A normal DEX trade can reveal:
wallet address
token pair
input amount
output amount
route
timing
trading behaviour
follow-on wallet activity
Veil DEX introduces a different execution flow.
User selects swap
→ swap intent is encrypted
→ private swap state is prepared
→ off-chain FHE computation handles sensitive arithmetic
→ Merkle commitments record private state transitions
→ nullifiers prevent reuse
→ contracts verify and settle onchain
The public chain still gets the important parts:
valid execution
state commitment
settlement
asset movement
But the user does not have to expose the full plaintext swap path in the same way as a normal public trade.
To increase privacy even further, users can choose where they receive the output tokens:
back into their own wallet
or into a separate destination wallet
That means the swap result does not always need to return to the same visible address that initiated the interaction.
Private transfers proved the rail.
Veil DEX brings that rail into live DeFi execution.
The first FHE-powered DEX experience is live.
All under the $VEILNET umbrella.

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