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The Privacy Pillar Blockchains have scaled. They’ve secured. But privacy? Still missing. Everyday users need it to protect freedoms. Institutions need it to operate safely. Without it, onchain life stalls out before it can scale. That’s why the ETH Foundation just threw their weight behind RAILGUN👇 ~~ Analysis by @wmpeaster ~~ ✨ The RAILGUN Connection This year, I’ve made it a point to spotlight onchain privacy projects — as seen with my @0xbowio, @fluidkey, and posts. That’s also why the @ethereumfndn (EF) is leaning into its new Defipunk treasury policy to support open-source, privacy-preserving tools. Against that backdrop, the EF’s move to stake 50k $RAIL and become a @RAILGUN_Project stakeholder stood out. This is one of the EF’s first Defipunk moves — and a clear signal that RAILGUN is a serious privacy tool worth attention. Let’s break it down. 👇 🔀 How RAILGUN Works RAILGUN uses zero-knowledge proofs (ZKPs) and is live on Ethereum, Arbitrum, Polygon, and BNB Chain. There’s no bridging or extra networks. You use your usual blockspace, but privately, by shielding assets to a private balance — a 0zk address. From there, you can transfer, swap, LP, farm, lend — basically anything — while ZKPs hide the sender, receiver, asset, and amount. Your public wallet never shows. Outsiders only see a broadcaster submitting a hash. And more users = more privacy. Every action strengthens RAILGUN’s ZKP smokescreen, so even low activity compounds into stronger anonymity. 🔰 How to Start 1. Create a Wallet — RAILGUN has no official frontend, but Railway is the go-to. Install, create your wallet (you’ll get both a 0x and 0zk address), and save your seed phrase. 2. Shield Assets — Fund your 0x wallet, click a token in Railway (ETH, WETH, stables, NFTs), press “Shield,” select your 0zk address, enter amount, confirm. After a one-hour standby, your shielded balance appears. 3. Use Private DeFi — With shielded funds, explore DeFi privately. Use the Wallets tab for private payments. In the dApps tab, try integrations like Beefy (for LP/farming) or Railway DEX (built on the 0x API like Matcha). 4. Unshield When Ready — To unshield, select your shielded token, hit “Unshield,” enter your 0x address, confirm amount, generate proof, and finalize. Funds appear in your public wallet. That’s it. Simple! For more, check out the RAILGUN and Railway docs. All in all, this protocol is a strong start for the EF’s Defipunk push. If swaps, payroll, and farming shift behind ZKPs, and usage hits escape velocity, “public-by-default” DeFi might finally fade away. That’s a future worth fighting for. And RAILGUN’s on the case.

The Daily Degen - Thursday, June 5th, 2025 Circles, Rails, Time, Venture, Macro, Videos, + New Projects! Shout-out to mentioned projects and tickers: $EUL, $LA, $TAO, $CRCL, $CRV, $RAIL, $BTC, $QUAI, $QI, $VICE, $VITA, $ETH, $COIN, $HOOD, $UNI, $HYPE, $SOL, @QuaiNetwork, @Terminal_fi, @ClipStake_X, @tryliquidxyz, @mangodotfun And shout-out to gigabrain accounts mentioned with >10k followers (make sure to give them a follow!): @eth_milano, @0xAtomist, @twindoges And please RT/etc to support! Link in next tweet 👇

Ethereum co-founder Vitalik Buterin transferred around $2.6 million worth of tokens through the privacy-focused protocol Railgun on Wednesday, in what appears to be both a routine financial transaction and a quiet endorsement of blockchain-based privacy. It's unclear how the funds sent to Railgun — which included a mix of ETH and USDC — were ultimately used. Railgun is a tool designed to obfuscate on-chain activity, enabling investors to use decentralized finance (DeFi) protocols without transactions being tied to their personal crypto wallets. It is not the first time Buterin has used the protocol. In March, he moved approximately $500,000 through Railgun in a similar transaction. While Buterin has not commented directly on the latest transfer, his continued use of the tool underscores his long-standing advocacy for privacy as a core pillar of Ethereum’s infrastructure. Buterin and other Ethereum developers have repeatedly argued that user privacy should be treated as a default feature, not an optional add-on. In an April post to an Ethereum developer forum, Buterin outlined several recommended steps for making the blockchain more private. The Ethereum community’s push for privacy comes amid ongoing scrutiny of privacy-preserving blockchain tools by regulators. While Railgun aims to enable legitimate private transactions, similar tools have drawn legal fire. Tornado Cash—once the most widely used Ethereum-based mixer—was sanctioned by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) in August 2022. The government alleged the platform was used to launder over $1 billion, including funds linked to North Korea's Lazarus hacking group. However, on March 21, 2025, OFAC officially lifted the sanctions against Tornado Cash following a federal appeals court ruling that the agency had overstepped its authority. Railgun, described on its website as a "DeFi privacy toolkit," represents a newer generation of privacy systems built on Ethereum, combining zero-knowledge cryptography with smart contract composability. This newer system, unlike Tornado Cash, incorporates screening features to deter illegal transactions. Notably, in February, Buterin commended Railgun for its successful prevention of a money-laundering attempt. Also unlike Tornado Cash, which is primarily built to help users transfer funds anonymously, Railgun helps users interact directly with DeFi protocols — allowing investors to transact discretely while maintaining full control of their funds. The project has received support from some privacy advocates and developers, who argue that tools like Railgun can serve legal use cases such as financial privacy for activists, journalists, or high-net-worth crypto "whales" who want to transact with discretion. Following Buterin's latest transaction, Railgun's native token, RAIL, experienced a 15% uptick over the past 24 hours.

PANews reported on May 29 that according to Paidun monitoring, the Ethereum Foundation has pledged 50,000 RAIL worth about $50,000 to Railgun, and lent a $2 million GHO loan through 10,000 WETH provided on Aave in February as collateral.