Zero-Knowledge Finance

Zero-knowledge finance

Zero-knowledge finance (ZeFi) is a form of decentralized finance that does not reveal sensitive financial information such as identifiers, quantities, or rates to offer traditional financial instruments. It is an opaque and unregulated financial system being built on modern technologies. The transparency of decentralized finance has led to numerous problems, exempli gratia, surveillance[1], front running[2], censorship[3].

Use Cases


ZeFi awaits zApps to be on the mainnet.


  1. Xiao Fan Liu, Xin-Jian Jiang, Si-Hao Liu, Chi Kong Tse, Knowledge Discovery in Cryptocurrency Transactions: A Survey, .
  2. Massimo Bartoletti, James Hsin-yu Chiang, Alberto Lluch-Lafuente, Maximizing Extractable Value from Automated Market Makers, .
  3. Anton Wahrstätter, Jens Ernstberger, Aviv Yaish, Liyi Zhou, Kaihua Qin, Taro Tsuchiya, Sebastian Steinhorst, Davor Svetinovic, Nicolas Christin, Mikolaj Barczentewicz, Arthur Gervais, Blockchain Censorship, .
  4. Citigroup Inc., Citi Match Reference Guide – Asia Pacific, .
  5. Poorya Kabir, Tianyue Ruan, Reducing Racial Disparities in Consumer Credit: Evidence from Anonymous Loan Applications, .