Overview

Introducing Gelap, the first confidential RWA Dark Pool and private execution layer built on the Mantle ecosystem. Gelap leverages SP1 zkVM for verifiable off-chain execution to ensure privacy and correctness. This design allows users to utilize shielded vaults for depositing collateral, execute private swaps with zero MEV, and trade Real-World Assets (RWAs) like T-bills and private credit without exposing their positions or strategies on-chain. Gelap ensures market integrity by eliminating front-running and providing a compliance-ready infrastructure where institutional privacy meets decentralized settlement.

Why Built on Mantle?

• Modular Architecture for Privacy: Mantle’s modular design provides the high-performance, low-cost data availability required to process heavy cryptographic proofs (SP1 zkVM) efficiently without compromising scalability.

• Native RWA & Yield Alignment: Mantle is a hub for yield-bearing assets (mETH) and RWAs (USDY). Gelap is built here to serve as the necessary privacy layer for these assets, allowing them to be traded securely and confidentially.

• Institutional-Grade Reliability: Leveraging Mantle’s robust finality and security inherited from Ethereum, Gelap can offer the secure settlement assurances required for high-value institutional trades.

Why Gelap Matters for Mantle

• Solving the Institutional Privacy Gap: Institutions cannot trade RWAs on-chain if their net asset values (NAV) and order flows are visible. Mantle’s RWA-heavy ecosystem is the perfect environment for Gelap’s Dark Pool, which unlocks institutional capital by protecting trade secrecy.

• Synergy with Native Yield: Gelap complements Mantle’s economy by allowing users to hold and trade yield-bearing assets (like mETH) within a shielded pool. This ensures users maintain their privacy without forfeiting the native yield that makes Mantle unique.

• The Zero-MEV Trading Experience: In an ecosystem focused on efficiency, Gelap offers Mantle users a "Dark Pool" experience where sandwich attacks and MEV are impossible, creating the fairest execution environment on the network.

• First-Mover Advantage: As the first verifiable Confidential Dark Pool on Mantle, Gelap establishes itself as critical infrastructure, capturing early liquidity from privacy-conscious whales and institutions entering the ecosystem.