Silhouette Raises $3 Million For First Shield Exchange On Hyperliquid
Zug, Switzerland, June 10th, 2025, Chainwire
Silhouette is ushering in a DeFi Renaissance, supported by RockawayX, Hivemind Amber Group. NGC, No Limit Holding, and Protagonist.
Silhouette, the shield exchange on Hyperliquid that protects personal trade information, is building a new arena of opportunities for DeFi traders, where sophisticated strategies remain protected without compromise, following its $3 million pre-seed fundraising round.
The round was led by RockawayX and included Hivemind Amber Group. NGC, No Limit Holding, and Protagonist.
As a shield exchange, Silhouette is addressing DeFi's privacy issue without undermining the core value of decentralisation. It creates a protected order flow in a transparent market, creating capital that can move freely and with confidence. Traders no longer have to worry about their strategies being exposed from the moment they post their intentions on-chain, risking front-running and MEV losses.
'We're in the middle of a DeFi Renaissance but the current DeFi set up is imperfect without privacy. While traders are able to execute incredible trades at speed these strategies are exposed from start to finish. Where privacy has been introduced, it's been over optimised at the expense of user experience. Silhouette is striking that balance and bringing in a new kind of exchange, a shield exchange, that brings the liquidity and decentralization of DEX's while shielding traders so they can grow and execute sophisticated strategies,'said Chandler De Kock, Co-Founder and CEO of Silhouette.
Unlike previous privacy-focused platforms, Silhouette is bringing a new emphasis on liquidity and accessibility. Protection for traders is key. With shielded trades, users' strategies can last longer without giving up the overall permissionless and decentralised foundations of onchain markets. Silhouette is not running centralized servers to protect trades, rather the team is building with decentralized TEE host providers.
Hyperliquid's ecosystem offers the perfect environment to introduce shielded trading. This active trading community will be able to use the liquidity they have onchain and see better, longer lasting results of their trading game plans.
'We're excited to back Silhouette as it aims to build the leading protected pool solution in crypto. We believe the timing is right—Silhouette won't have to build liquidity and network effects from scratch. Rather, it's launching in the Hyperliquid ecosystem, which is fast-becoming a dominant trading venue for spot and derivatives, and thus fertile ground for dark pool infrastructure, as users seek to protect highly profitable on-chain strategies. The founding team's deep relationships in that ecosystem give them a unique edge to execute fast,' said Samantha Bohbot, Partner & CGO.
This first round of funding provides the runway to bring the minimal viable product (MVP) to life. The team has started building this MVP with a testing phase expected following its deployment.
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