Shielded pool

Collateral enters HyperVeil through a shielded note pool. Deposits become commitments, built so there is no one-to-one link between your external wallet and a Hyperliquid trading address.

• Each deposit creates a commitment owned by your key.
• Fills consume and create fresh commitments, designed so there is no long-lived account address to watch.
• Withdrawals exit from the pool, not from a per-user trading address.

The pool is what makes per-user privacy possible on Hyperliquid: Hyperliquid accounts are public by address, so HyperVeil is built so users never hold a personal Hyperliquid position address.