Route 2 FI|Apr 01, 2026 17:37
Tried something cool today that I think many aren’t aware of: Confidential Swaps, which just went live on @near_intents.
It lets you basically swap any asset, and what you swapped, what you received, and where it went are all untraceable.
You deposit into your Confidential Account, and from that moment, you are inside a sealed environment.
Here’s exactly what I did (see screenshots below):
1. Deposited 2k USDC on ARB.
2. Moved 2k USDC from my main account to my confidential account.
3. Swapped 2k USDC into ETH.
4. Sent that ETH to another confidential NEAR address I control.
5. Moved USDC from confidential to main account
6. Withdraw to wallet
Ok, some notes. How you use it matters. If you do as I did: deposit 2,000 USDC, swap to to 0,97 ETH, but instead withdraw instantly to the same address, an on-chain degen could still connect the pattern.
The input and output remain visible on the edges, while what happens inside stays confidential. Real confidentiality comes from how you handle the flow.
For example, keep assets in your account longer, withdraw to different addresses (what I did), and avoid mirroring the same amounts in and out.
Like, if you put in 2000 USDC, it would be quite easy to see if you withdraw the exact same amount.
If you think about it, this is what happens when you use a CEX today, but NEAR found a way to do the same onchain.
Every swap you have ever done before this sits on a block explorer forever. Anyone can see the inputs, the outputs, and the route. near(dot)com Confidential Accounts break that connection completely.
Inside the confidential shard, there is no public RPC, nothing to query. The ledger still verifies itself, but the path between input and output disappears.
Worth checking out if you want to stay onchain, and want less dependence on CEXes on near(dot)com.(Route 2 FI)
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