Orion Finance – Private, Intent-Based Portfolio Vaults (Encrypted Onchain Portfolio Management)
Fits with patterns
- Private Intent-Based Vaults - Core use case: encrypted strategy execution while keeping assets auditable
- Private L2s - FHEVM infrastructure for privacy-native portfolio execution
- Selective Disclosure - Auditable performance metrics while maintaining strategy confidentiality
Not a substitute for
- Public yield vaults or transparent portfolio managers
- Centralized asset management infrastructure
Architecture
- Vault Layer: Encrypted ERC-4626 / ERC-7540 vaults supporting multiple strategies.
- Execution Layer: Confidential smart contracts using FHEVM (ERC-7984) to keep strategy parameters private.
- Aggregation: Gas-optimized batching and netting of transactions.
- Transparency: Onchain state remains auditable and composable across DeFi protocols.
Privacy domains
- Encrypted execution (FHE) for strategy confidentiality.
- Transparent vault assets and verifiable performance metrics.
Enterprise demand and use cases
- Institutional portfolio managers and hedge funds seeking onchain strategy execution without alpha leakage.
- DeFi asset managers requiring auditable but private portfolio automation.
Technical details
- Built with ERC-4626, ERC-7540, ERC-7887, and ERC-7984 (FHEVM).
- Integrates with Zama’s FHE technology for confidential computation.
- Modular vault framework enabling flexible and auditable portfolio creation.
Strengths
- Protects alpha through encryption while maintaining composability.
- Reduces gas costs via batching and netting mechanisms.
- Auditable, interoperable design for regulated DeFi strategies.
Risks and open questions
- Scalability and FHE performance overhead.
- Standardization of encrypted intent and strategy formats.
- Long-term interoperability with other privacy L2s.