Private P2P Lending
with Sealed Rates
The first lending protocol where rates are encrypted, matched confidentially by Chainlink CRE, and settled on-chain — no one sees your bid.
Private
Sealed-Rate Lending
Sepolia
Testnet Live
CRE
Chainlink Powered
Borrow privately.
Lend at your rate.
Ghost Protocol uses sealed-rate auctions where lenders submit encrypted interest rates. Chainlink CRE decrypts and matches them inside confidential compute — no one can front-run or game the rates.
Built with:
Quick Overview
How the Matching Engine Works
Ghost uses a tick-based order book for rate discovery. Lenders deposit at encrypted rates; Chainlink CRE decrypts, sorts, and fills borrow requests at the best available rates.
Discriminatory pricing: each lender earns their own rate — no gaming possible
How Ghost Keeps Lending Private
Four layers of privacy and fairness power every Ghost loan.
Sealed Rates
CRE Matching
Credit Tiers
On-Chain Settlement
eciesjs encryption
Chainlink Confidential
On-chain reputation
Vault + ERC-20
Read the full architecture docs
End-to-End Lending Pipeline
From intent submission to loan settlement, every step is designed for privacy, fairness, and trustless execution.
Borrow
Submit a borrow intent with encrypted max rate. Deposit collateral based on your credit tier.
Lend
Deposit gUSD at your chosen rate. Your rate is sealed — only Chainlink CRE can read it.
Rate Discovery
CRE decrypts all rates, builds a tick book, and matches borrowers to the cheapest available lenders.
Settlement
Matched loans are settled on-chain via the vault. Collateral is locked, funds are transferred privately.
Repayment & Credit
Repay loans to improve your credit tier. Higher tiers unlock lower collateral requirements.