August marked another step forward for confidential onchain finance: $ZAMA reached millions of Revolut users, and the first confidential vault crossed $40M.
Here's a quick recap of what happened across the Zama ecosystem this month.
Blockchain privacy just went mainstream. $ZAMA is now available directly in the Revolut app, putting the token that secures the Zama Protocol in front of 70 million of users.
This listing also marks a milestone for Fully Homomorphic Encryption (FHE) itself: proposed in 1978, it was considered impractical for decades, and now is running confidential finance in production and reaching millions of users . Later this year, a Learn & Earn campaign inside Revolut will introduce users to why onchain confidentiality matters.
For a treasury or a fund, earning yield in public DeFi means publishing position size and strategy in real time.
The Steakhouse Confidential Prime USDC vault on Morpho, curated by Steakhouse Financial, removes that: the same blue-chip strategy, with balances and allocations encrypted onchain, deposits settled in batches so observers see totals but never individual positions.
Earn yield with confidential USDC (cUSDC) directly from the Zama app
Zama Developer Program - Mainnet Season 4 closes September 5, 2026 (11:59 PM AoE).
Final days to submit to the bounty: build a confidential PoolTogether, with encrypted deposits and winnings and verifiable winner selection. 5,000 cUSDT in rewards, up to 3 winners, and the top submission may get a professional OpenZeppelin audit toward production.
And meet Chris Wilder in Builder Story #2: 12+ confidential apps on the Zama Protocol, from digital inheritance to payments.
From growing onchain volume to reaching millions of users, August showed confidential finance moving further into the mainstream. On to September.
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