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Private Yield

Private Yield brings compliant, confidential yield to Ethereum, built on top of Merces. Users earn on private balances without exposing positions, counterparty relationships, or strategy onchain, and without giving up the regulatory posture required to operate in real markets.

Coming soon

Private Yield is in active development. The capability extends Merces from a confidential transfer system into a confidential earning system, while keeping the same integration model and the same compliance primitives.

Why this is hard today​

Public DeFi yield 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 any user that values strategic privacy, that exposure is the reason they aren't onchain at all.

The two existing paths each fail in their own way:

  • Move to a private chain. Forces migration off Ethereum and away from the assets, liquidity, and integrations that matter.
  • Use a privacy mixer. Obscures flows but doesn't compose with regulated counterparties or give institutions a defensible compliance story.

What we're building​

Private Yield uses the same Merces private-balance model as Private Payments and Confidential x402: balances held as secret shares across the TACEO Network, state transitions verified onchain via CoSNARKs, compliance primitives built into the protocol layer.

The yield layer adds the ability for private balances to participate in earning strategies, without revealing positions, without leaving Ethereum, and without compromising the compliance guarantees that make these rails deployable in regulated markets.

What's planned​

  • Yield on private ERC-20 balances (starting with USDC)
  • Allowlists and reveal rules carried through from Merces' Compliance layer
  • The same SDK integration model as Private Payments, issuers and fintechs can offer yield inside their existing product surface

Stay in the loop​

Private Yield is shipping toward public testnet. To get early access, integration support, or to discuss a specific use case, email the team or join Discord.

In the meantime, the foundation is already live, see Private Payments to understand the transfer system this builds on.