RAILGUN
RAILGUN DAO
RAILGUN is an onchain privacy system based on zero-knowledge proofs (zk-SNARKs) operating as a smart-contract layer on top of Ethereum, Polygon, BSC and other EVM networks. Users deposit ERC-20 tokens or NFTs into a privacy pool ("shielding") and can then transfer them privately, hiding sender, recipient, amount and token type. It is non-custodial (users always keep their own keys) and governed by the RAILGUN DAO via the RAIL token.
Data & conditions
| Service type | Stablecoin infrastructure |
|---|---|
| Pricing model | Not disclosed |
| Custody model | non-custodial |
| Customer type | Developers, Platforms |
| Fund custody | Self-custody (funds in your control) |
| Supported countries | US, EEA, UK, APAC |
| Segment | B2B, B2C |
| MiCA / License status | Not disclosed |
Strengths
- Non-custodial onchain privacy without leaving the public blockchain: users keep their keys.
- Works with existing ERC-20 tokens and NFTs across multiple EVM networks via zk-SNARKs.
- Self-custody: funds stay in your wallet — the platform cannot touch them.
- Open-source, verifiable code.
Weaknesses
- A technical tool for advanced crypto users and developers; not a mainstream financial service.
- Privacy protocols face regulatory and anti-money-laundering scrutiny: risk of oversight and restrictions.
- No notable sovereignty drawback documented.
Verdict
Score 3.3/5, solid profile. In its favour: non-custodial onchain privacy without leaving the public blockchain: users keep their keys. The trade-off to weigh: a technical tool for advanced crypto users and developers; not a mainstream financial service.
On the Sovereignty lens the score is 5.0/5 (outstanding): the strength is privacy & anonymity (5.0/5), while trustless / auditability (5.0/5) is the weak link.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Does RAILGUN custody my funds?
No. RAILGUN is non-custodial: funds stay under the user's control via smart contracts and private keys, including inside the privacy pool.
Who runs RAILGUN?
RAILGUN is a decentralized project governed by the RAILGUN DAO via the RAIL token, not by a company that holds funds.
Sources
- Official service page Descrizione Data verified on Jul 17, 2026
- docs.railgun.org Data verified on Jul 17, 2026
- messari.io Data verified on Jul 17, 2026