Ethereum's privacy-focused EVM Layer 2 network, Payy, has officially launched. According to Foresight News, the network allows users to conduct private transactions automatically after adding it to MetaMask, eliminating the need for complex operations. Payy utilizes a native privacy pool to store all ERC-20 tokens, enabling direct transfers within the pool. Smart contract interactions involve withdrawing from the pool to a new address, while privacy transaction data is stored in an off-chain privacy vault. Developers can access privacy vault configurations via RPC URL queries.
Payy has received investments from Robot Ventures, 6MV, DBA, and Protocol Labs.