S

Silhouette

A shielded block trading layer on Hyperliquid

Performances

RD Popularity Index

2516.67% (24h)
0100200300400500
Project Rank: 7190/15432

RD Growth Index

2380.70% (24h)
0400800120016002000
Project Rank: 2303/15432

Revenue & Burn

Protocol income

$0

Buyback funds

--

Burn funds

--

Buyback ratio

--

Protocol funds over time

Monthly amounts & ratios

PeriodProtocol incomeBuyback fundsBurn fundsBuyback ratio
Oct 2026$0------
Sep 2026$0.56------
Aug 2026$24------
Jul 2026$0.35------
Jun 2026$245.52------
May 2026$12.32------

Comparison

Fundraising

Follow Updates

Follow Lists

People

About Silhouette

Over the past six months (2026-03-04 to 2026-09-04), Silhouette has made significant strides. In May 2026, it launched Shielded Spot Trading in open beta, enabling users to trade HYPE/USDC via a delegated wallet while keeping funds under user control, with policy engines for compliance. On September 1, 2026, Silhouette activated its RFQ (Request for Quote) system on Hyperliquid mainnet, initially supporting tokenized equities from xStocks. This allows traders to request quotes on any supported xStock, with market makers competing and settlements executed on-chain. The RFQ layer addresses liquidity gaps for assets without order books. Looking ahead, Silhouette's roadmap includes expanding RFQ and RFM infrastructure for larger workflows, introducing a Net Settlement layer to reduce price impact, adding more trading pairs, enabling HIP-3 markets on naked perps, and developing shielded TWAP/VWAP as part of its iceberg suite. Future releases will focus on deeper intent protection, expressive order types, and fully confidential routing while settling publicly. The team also plans to make Silhouette the cheapest venue for buying HYPE and to support institutional access through policy engines.

Updated: Sep 4, 2026

Chandler De Kock (Co-Founder) - LinkedIn: linkedin.com/in/chandler-de-kock-a89a2190, Twitter: x.com/chandlerdkk. Previously scaled Luno across emerging markets, then held business development roles at UMA and Across. Focuses on product, liquidity, and user acquisition.

stent (Co-Founder) - Twitter: x.com/stentonian. Cryptographic engineer and technical design lead. Background includes backend engineering at AWS, smart-contract security at Sherlock and Code4rena, and a zero-knowledge proof-of-reserves prototype for Coinbase.

Updated: Sep 4, 2026