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Primus Labs @primus_labs turning private data into an on-chain asset You can explore and complete Primus XP tasks here: s.kaito.ai/mfqwjes In blockchain, transparency is a strength but for institutions, full transparency is often a barrier. A fund does not want the entire market to see its positions, strategies, or real balances. A stablecoin issuer needs to prove reserves continuously without exposing every operational detail. An AI agent needs to prove that its actions and data sources are authentic without revealing sensitive information. This is the gap Primus Labs is building to close. Primus (formerly PADO) is not a new blockchain. It is a trust, verification, and privacy layer that plugs into existing ecosystems with strong focus on BNB Chain. Its core technologies are zkTLS and FHE (Fully Homomorphic Encryption). zkTLS lets users cryptographically prove that data from the internet (APIs, websites, exchanges, social accounts, etc.) is authentic and unmodified, without revealing the underlying content or credentials. FHE enables computation directly on encrypted data. Balances, transfer amounts, and positions remain encrypted throughout, yet smart contracts can still correctly execute logic such as balance checks, transfers, staking, and yield generation. Together, these technologies solve a fundamental problem data can be both verifiable and private. Why Institutional Finance Requires Both Privacy and Verification 1. Fully public blockchains expose positions and strategies, creating front-running and competitive risks. 2. Fully private systems make it impossible to prove solvency, meet compliance requirements, or satisfy counterparties and users. Primus addresses this with a clear principle: confidentiality rather than anonymity. The goal is not to hide identity for opaque activity, but to protect sensitive financial values (balances, transaction sizes, positions, strategies) while preserving the ability to prove claims when needed. Real products already demonstrate this: Real-time Proof of Reserves: Primus provides continuous cryptographic verification for projects such as Unitas (USDu). It combines on-chain holdings with off-chain data (including hedge positions on centralized exchanges) using zkTLS + zkVM/TEE. Users can independently check reserve backing ratios in near real time instead of relying on periodic audits or screenshots. Verified reserves across production deployments have exceeded $70 million. Confidential Finance on BNB Chain: The Primus Confidential Vault lets users convert stablecoins (e.g., $U) into encrypted versions ($EU), transfer them privately, and stake them for yield all without exposing balances or amounts on the public chain. Assets remain 1:1 backed and can be unshielded at any time, but sensitive details stay confidential. This capability makes the BNB Chain ecosystem significantly more suitable for institutional activity. BNB already has deep liquidity and a large user base. Adding a robust confidentiality + verifiable computation layer from Primus enables practical use cases such as institutional settlement, on-chain payroll, privacy-preserving credit scoring based on verified off-chain data, and AI agents executing strategies without broadcasting them. Your Data, Your Asset Building a Web3 Profile With Verified Private Data Primus also opens this infrastructure to individual users through its Primus Points / Loyalty Program.Instead of simple click-to-earn tasks, users can bridge verified private data on-chain to create a Web3 profile. Using the Primus browser extension and zkTLS, you can prove real activity on platforms such as X, GitHub, Spotify, TikTok, Luma, and others. Primus never sees your passwords or raw data it only receives cryptographic proofs that the claimed activity actually occurred from the expected source. The result is a reputation score (XP) based on authentic identity and activity rather than artificial metrics. This embodies the idea of “Your Data, Your Asset”: existing Web2 data becomes a verifiable, user-controlled asset in Web3. Privacy × Verification: Two Sides of the Same Coin Primus does not force a choice between privacy and verification. It builds so both can coexist: Financial activity can remain private where necessary (positions, strategies, personal balances). Important claims can still be verifiable (sufficient reserves, valid transactions, authentic data sources, correct agent behavior). On the technical side, Primus has been optimizing FHE for practical use. Confidential transfers on fully encrypted 64-bit balances have been demonstrated in the ~90 ms range, with high throughput achievable on consumer-grade GPUs moving the technology from research toward production-grade financial applications. Backed by a $6.5 million pre-seed and seed round (led by Dispersion Capital, Symbolic Capital, and VanEck, with participation from Alchemy, Samsung Next, and others) plus later support from YZi Labs, Primus is actively expanding its presence on BNB Chain and related ecosystems. It is not trying to replace existing chains it is adding the missing layer that public blockchains need to attract serious institutional capital and activity. As more financial activity moves on-chain, infrastructure that delivers both confidentiality and verifiability is shifting from a nice-to-have to a prerequisite. Primus is building exactly that layer and both users and builders can experience it today through live products and the ongoing points program.