Silhouette is a decentralized exchange that facilitates peer‑to‑peer cryptocurrency swaps on‑chain through immutable smart contracts, eliminating custodial intermediaries. It supports ERC‑20, BEP‑20 and other token standards, integrates with non‑custodial wallets such as MetaMask and Ledger, and allows permissionless token listings, giving users full private‑key control and transparent, atomic settlement.
Funding
$3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Centralized cryptocurrency exchanges require users to deposit assets into custodial wallets, exposing them to counterparty risk, potential censorship, and limited transparency over order execution. This model also forces traders to trust third parties with private keys and personal data, undermining the core principles of decentralization.
Solution
Silhouette operates as a decentralized exchange (DEX) that enables peer‑to‑peer swaps of cryptocurrencies and tokens directly on the blockchain. By leveraging smart‑contract based trade execution, the platform eliminates the need for custodial intermediaries, allowing users to retain full control of their private keys. Trades are settled atomically on‑chain, providing transparent, verifiable transaction records without reliance on a central authority. The interface integrates with popular non‑custodial wallets, offering a seamless experience for on‑ramp and off‑ramp of assets while preserving user sovereignty. Silhouette’s open protocol supports permissionless token listings, ensuring that any ERC‑20 (or compatible) asset can be traded without gatekeeping.
Target Audience
The primary users are crypto traders, DeFi enthusiasts, and token issuers who require a trustless, permissionless environment for swapping digital assets while maintaining full custody of their private keys.
Features
- Non‑custodial trade execution via immutable smart contracts that lock assets until both parties confirm the swap
- Direct peer‑to‑peer order matching without an order book, reducing latency and eliminating front‑running opportunities
- Support for multiple token standards (e.g., ERC‑20, BEP‑20) enabling cross‑chain asset swaps through bridge integrations
- Integrated wallet connectivity (MetaMask, WalletConnect, Ledger) for secure signing and key management
- Transparent fee model displayed on‑chain, with fees automatically routed to liquidity providers or protocol treasury
- Real‑time gas‑fee estimation and batch transaction processing to optimize network costs
- Open‑source contract code and public audit reports to reinforce security and community trust