Starknet Foundation Launches Proof of Privacy Incubator for STRK20 Private Applications
Starknet Foundation Launches Proof of Privacy Incubator for STRK20 Private Applications
š Privacy gets practical
The Starknet Foundation has launched Proof of Privacy, an incubator program for teams building private applications using STRK20, Starknet's privacy framework for ERC-20 assets.
What STRK20 enables:
- Shielded balances and private transfers
- Private swaps and trading
- Cost-effective transactions at 4 STRK with no variable pricing
Target applications:
- Private payments and identity solutions
- Gaming and new financial products
- DeFi flows including yield, staking, and lending
The framework is expanding across the Starknet ecosystem with broader app integrations, open-source SDK access, and private swaps through avnu and Ekubo.
Teams interested in building privacy-focused applications can now apply to the incubator program.
Over the coming weeks, STRK20 will expand across the Starknet ecosystem. ā¢ Broader app integrations ā¢ Open-source SDK access ā¢ Proof of Privacy incubator launch ā¢ Private swaps through avnu and Ekubo ā¢ More private DeFi flows, including yield, staking, and lending.
For privacy to become part of normal onchain use, it has to be practical and scalable. On Starknet, private transactions cost 4 $STRK with no variable pricing based on transaction size. That makes shielded activity cost-effective and predictable.
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STRK20 is Starknetās privacy framework for ERC-20 assets. It gives assets and applications on Starknet access to private flows, starting with shielded balances, private transfers and swaps. Privacy is now a capability the ecosystem can access, integrate, and build with.
STRK20 is live. The next step is what gets built. Proof of Privacy is the Starknet Foundation incubator for teams using [STRK20] to build private applications. Payments, trading, identity, games, new financial products and more. Apply here š½
Introducing: Proof. Starknetās selective incubator and accelerator for high-potential, investor-grade teams. Applications for Cohort 01 are now open.
š Privacy Goes Live on Starknet
Starknet has officially launched privacy features on its network, marking a significant milestone in blockchain development. **Key highlights:** - Privacy functionality is now active and available on Starknet - This represents the "next natural chapter for Bitcoin" according to previous announcements - The launch follows months of development and community anticipation The implementation brings enhanced transaction privacy to the Starknet ecosystem, addressing one of the key challenges in public blockchain networks. [Read the full announcement](https://www.starknet.io/blog/privacy-live-on-starknet/)
š”ļø One-Click Privacy Goes Live on Starknet Wallets
**Privacy features are now live on Starknet** through Ready and Xverse wallets, allowing users to shield assets with a single click. **What's available today:** - Private transfers between wallets - Shielded balances for selected assets - One-click shielding and unshielding - Private swaps through Ready and Xverse **How it works:** Users can select any supported asset (like strkBTC) in their wallet and tap "Shield" to enable privacy. The process is reversible - simply tap "Unshield" when needed. **Important note:** Unshield assets before bridging out, as shielded balances won't appear in bridge interfaces. This marks a shift in crypto privacy - no new wallets, assets, or applications required. Privacy now works directly where users already interact with crypto.
Starknet Launches STRK20 Privacy Token Standard
Starknet has officially launched **[STRK20]**, a new token standard focused on privacy functionality. This follows the deployment of Starknet v0.14.2, dubbed "The Privacy Engine," which was announced in April 2026. Key developments: - STRK20 represents a privacy-focused token standard now live on the Starknet network - The launch builds on infrastructure introduced in the v0.14.2 update - Starknet positions this as finding "the right frequency" for privacy implementation The rollout marks a significant step in bringing privacy features to the Starknet ecosystem, expanding the network's capabilities beyond standard token functionality.
š Privacy Without Secrecy: How STRK20 Solves Compliance
**Privacy doesn't have to mean breaking compliance rules.** Most privacy solutions face a problem: they either can't respond to legal requests without exposing everyone, or they isolate users in fragmented ecosystems. **STRK20 takes a different approach:** - Viewing keys are encrypted by an independent auditor - Legal requests can be answered with scoped access per user - Other users in the pool remain protected - No need to freeze funds or delist assets This design keeps privacy functional while meeting regulatory demandsāconnecting users to existing DeFi without the compliance risks that have plagued other privacy tools.