Private DeFi

Private DeFi puts a Merces private balance to work without publishing what you hold, where you hold it, or what you are doing with it.

Public DeFi broadcasts every position. Anyone can read a wallet's allocations, infer strategy, copy or front-run trades, and reconstruct counterparty graphs. For institutions, treasuries, and anyone whose strategy is the product, that exposure is a reason to stay off public chains entirely. The usual workarounds each give something up: moving to a privacy-focused chain means leaving the assets, liquidity and integrations that matter; a mixer obscures flows but doesn't compose with regulated counterparties or support a defensible compliance story.

Private DeFi takes the other route. The position lives in a private balance on the chain you already use, and the strategy stays yours.

What's available

Private yield — deposit a private balance into a vault and accrue yield against it, with positions and share counts encrypted throughout. Available on testnet, where the vault simulates yield rather than sourcing it from a live lending market.

Private swaps and further DeFi primitives are coming soon.

For what is live on which chain, see Deployments & status.