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2. Design Goals and Non-Goals

2.1 Goals

  • Decentralized on/off-ramp between fiat and stablecoins without fiat escrow.
  • Privacy by design using ZK proofs for identity verification while keeping raw data off-chain. Bank transaction verification is planned (see Section 4.2).
  • Credible neutrality: protocol-level rules are open, transparent, and upgradable via governance.
  • Fast settlement: typical completion within minutes, targeting sub-~90s for common rails as network, liquidity, and automation improve.
  • Safety & integrity: explicit threat model, dispute flows, and rate/limit controls to minimize fraud.

2.2 Non-Goals

  • The Protocol does not hold customer fiat or crypto in custody.
  • The Protocol does not guarantee price or liquidity; it coordinates peers and market inputs.
  • The Protocol does not store personal data on behalf of users; it records necessary commitments and verdicts on-chain while raw evidence remains off-chain.