How CipherYield Works
A no-lose prediction market where your votes stay private through FHE encryption and your principal is always protected.
The No-Lose Guarantee
* Yield calculated at ~5% APY for demonstration. Actual APY varies by market duration.
Step-by-Step Guide
Connect Wallet
Link your Solana wallet (Phantom, Solflare, or Backpack). No KYC required.
Deposit SOL
Fund your position with any amount ≥ 0.01 SOL. Your principal is always protected by the No-Lose model.
Encrypt & Vote
Select YES or NO. Your vote is encrypted using Encrypt FHE (Fully Homomorphic Encryption) and stored as an EBool ciphertext account on Solana — owned by the Encrypt program.
Governance & Resolution
$CIPHER token holders propose and vote to authorize market resolution. When quorum is reached, CipherYield triggers an IKA dWallet MPC signature via CPI to authorize decryption.
Claim or Recover
Winners claim principal + accumulated yield. Losers get 100% of their principal back. Always. No exceptions.
🔐 How Privacy Works
Encrypt FHE (Fully Homomorphic Encryption): Your vote is encrypted using the Encrypt SDK and stored as an EBool ciphertext account on Solana. The ciphertext is owned by the Encrypt program — not CipherYield — ensuring cryptographic separation of concerns.
On-Chain Validation: When you submit a vote, the smart contract validates that the ciphertext account is genuine: correct owner (Encrypt program), correct size (100 bytes), correct FHE type (EBool), and verified status. This prevents fake or tampered votes.
IKA dWallet MPC Authorization: Decryption can only happen after the DAO governance reaches quorum. When approved, CipherYield triggers a CPI call to IKA'sapprove_message instruction, generating an MPC signature that authorizes the Encrypt relayer to decrypt results. No single entity can decrypt your vote unilaterally.