FAQs

Who can use Labyrinth

Labyrinth users can be anyone from Institutional, Business, or individual users to do private transfers, sending and receiving a salary, Confidential on-chain strategies, private trades OTC desks use case, and confidential transfer/withdrawal of assets for protocols/ VCs/treasuries. VCs can receive their assets directly to the shielded addresses so no one can see the recipient and liquidator.

Who can see my Labyrinth transaction details?

Your transaction details like transaction value, wallet address, receiver address, or asset name are not revealed to anyone. Compliance criteria Compliance checks may be triggered based on specific criteria. Transactions could be de-anonymized if a user is associated with illicit activities. However, for law-abiding innocent users, their privacy remains intact throughout their Labyrinth transactions. Only authorized entities such as revokers, can view Labyrinth transactions under the de-anonymisation process. The SeDe compliance network ensures that transaction information remains private while enabling traceability for regulatory compliance purposes. read more about compliance overview here

Can I use my existing wallet address for Labyrinth?

Yes, users can set up their shielded account in Labyrinth using their existing wallet address. Labyrinth supports popular non-custodial wallets like Metamask, Coinbase, Rainbow, and WalletConnect, allowing users to access Labyrinth's features without creating a new account.

How does Labyrinth ensure compliance without compromising user privacy?

Labyrinth's transactions are compliant using the Selective De-Anonymization (SeDe) network. Labyrinth uniquely identifies illicit transactions through recursive subgraph analysis within its SeDe network without any central control, ensuring regulatory compliance while preserving user privacy in a decentralized manner. It empowers users to prove data ownership and facilitates compliance with legal obligations.

Can developers integrate Labyrinth's compliant privacy-preserving transactions into their applications?

Yes, developers can seamlessly integrate Labyrinth's privacy-preserving transactions into their applications using the Labyrinth SDK. This SDK abstracts away the complexities associated with zero-knowledge proofs (ZKPs) and compliance, making it easier for developers to create privacy-focused applications. We are live on a private testnet. Feel free to DM the team if you want to test the privacy SDK.

How can I recover my Labyrinth account if I lose access to it?

As your Labyrinth-shielded account is generated from a signature using a public ethereum account, as long as you have access to that same ethereum account, you can re-generate your Labyrinth-shielded account by re-signing the original fixed message you signed to generate your shielded account the first time from the wallet.

Why should I use bundler method for transaction for transfer/swap/ withdraw?

To enhance privacy, Labyrinth utilizes a bundler to make transactions untraceable when paying gas fees. Typically, users pay gas fees directly, which can be traced back to their public addresses. By using a bundler (or relayer) to pay gas fees on behalf of the user, the user's public address remains hidden, making the transaction untraceable. The gas fees are deducted from your private balance within Labyrinth, not your public balance, to compensate the bundler for relaying and batching the transactions for gas savings.

Bundlers collect transactions from multiple users and combine them into a single transaction before broadcasting it to the blockchain. This process makes it difficult to trace individual transactions back to their origins, as the gas fees are paid by the bundler on behalf of the users.

Does Labyrinth guarantee 100% anonymity?

P2P Transfers inside the shielded pool are 100% anonymous and private. In this case, nothing shows up on the public blockchain ledger. However, in deposits and withdrawals, the public amounts get logged in the public ledger as those transactions interact with the public wallet.

Can I use an on-ramp service to deposit funds into my shielded account?

Labyrinth plans to support an on-ramp service shortly, allowing users to deposit funds into their shielded accounts privately. This service will enhance the privacy of deposits, ensuring that sensitive financial information remains confidential.

How can I provide feedback or feature requests to Labyrinth?

Yes, users can make feature requests or provide feedback to Labyrinth by submitting their suggestions through this form.

How can I reach out to Labyrinth for more questions?

Users can reach out to Labyrinth for more questions by contacting the team through the contact form. Additionally, Labyrinth organizes events or community AMA sessions where users can interact directly with the team and ask questions.