Helius has launched Solana Privacy Rings on mainnet, described as programmable shielded zones enabling encrypted balances, tokens (SOL, SPL, Token-2022) and native Solana execution. Users can deposit into private balances, send private transfers, and withdraw to public balances. Developers can build private DeFi applications including private swaps, staking, lending, and conditional payments. Custom Rings, coming soon, would let businesses enforce auditor visibility, configurable privacy, compliance, and transaction policies. The project is open source, audited by osec_io, Certora, and zksecurityXYZ, with formal verification underway and engineers from Solana Foundation, Zcash, and Blueshift participating in the ZK trusted setup.

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