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CONFIDENTIAL & PROPRIETARY © 2026 Inkwell Finance, Inc. All Rights Reserved. This document is for informational purposes only and does not constitute legal, tax, or investment advice, nor an offer to sell or a solicitation to buy any security or other financial instrument. Any examples, structures, or flows described here are design intent only and may change.

Current status (April 2026)

Inkwell ships frontier cryptography in production: a full-stack credit infrastructure on Solana (Leviathan), a confidential matching venue integrated with Encrypt’s FHE program on Solana devnet (Dagon), a funding-rate strategy with validated backtest history (Synthase), and a live validator-allocation + liquid-staking stack on Sui (IKA Staking + LIKA). We are raising a $3M seed at $15M cap to fund the next 24+ months and deploy capital via a parallel $5–10M SPV for Leviathan.

Products live or in pilot

Leviathan — Solana programs

Four Anchor programs built and verified
  • leviathan-core — loans, policy enforcement, session keys, revenue splits
  • leviathan-pool — deposits, withdrawals, LP tokens, interest model
  • leviathan-score — ML credit scoring with oracle integration
  • leviathan-verifier — Solana + EVM transaction parsing and verification

Dagon — confidential matching

Encrypt-program integration on Solana devnet
  • Production op-graph for adaptive-bracket matching with pro-rata clamp
  • H100 benchmarks at N=32: calm 6.2s, moderate 7.8s, volatile 9.75s
  • Structural self-trade prevention; no plaintext at the matcher
  • Pre-alpha SDK partner; tracking REFHE bootstrap economics in our own harness

Synthase — basis-yield strategy

Validated backtest, 11-venue execution
  • 12.4% annualised in the original backtest; 8.8% at 0.25× slippage in the honest re-run
  • Validated out-of-sample across bull and bear regimes
  • Integrations against the official funding-rate semantics of each venue

IKA Staking + LIKA on Sui

Live on IKA mainnet
  • Validator scoring with APY, uptime, commission analysis
  • Optimal allocation across multiple validators
  • Agent API with tiered access for AI agent integrations
  • LIKA liquid-staking token: contract + keeper + frontend live on testnet

Cryptographic stack — what is integrated today

Ika 2PC-MPC dWallets

Cross-chain enforcement architecture
  • Revenue-backed loans secured by Ika dWallets
  • Default enforcement without court orders or bridges
  • Architecture co-validated with Ika core engineers
  • Active Ika RFP contributor with direct code review

Encrypt REFHE programmable bootstrap

Production op-graphs on devnet
  • End-to-end CPI integration via create_plaintext_ciphertext and create_input_ciphertext
  • Op-graph reductions: 1166 → 585 ops on the production matcher
  • Density planning + structural reductions documented in our bench harness

ML credit scoring

Live underwriting pipeline
  • Ensemble model: on-chain trade analysis, leaderboard crawling, 76-feature credit snapshots
  • Polymarket position tracking and risk scoring
  • Real-time underwriting via SSE streaming; Plaid bank integration for hybrid credit

Cross-chain transaction verification

Defence-in-depth at the policy layer
  • Native BTC / ETH / SOL signing via Ika 2PC-MPC, no bridges
  • leviathan-verifier parses Solana + EVM TXs before signing
  • Migration path to ZK light clients documented in Design Philosophy

Partner interest

Primary pilot partner: Full Sail

Full Sail

Sui-Native DEXMOU and LOI signed for Inkwell Embedded Lending integration:
  • Streamlined smart contract integration
  • Revenue-backed credit for protocol treasury
  • Non-dilutive funding without token sales
  • LIKA liquid-staking distribution partnership

Active pipeline

StatusDescription
🔄 In discussionMultiple mainnet protocols in active term-sheet discussions for Leviathan
🔄 In discussionServices inquiries for Ika dWallet and Encrypt FHE integration
⏭️ Next targetFirst funded loans via parallel SPV ($5–10M)
Anonymised pipeline highlights
  • Solana DeFi protocol exploring a revenue-backed credit facility
  • Cross-chain DEX evaluating expansion capital
  • Sui-native protocol evaluating a treasury credit line
  • Trading firm inquiring about confidential matching integration

Technical milestones

Leviathan Solana programs

Four Anchor programs: core lending, pooled lending, credit scoring, transaction verification

Full Leviathan app

Supply, Borrow, Credit Reports, Positions, and Leaderboard pages live

ML credit scoring

Ensemble pipeline with Polymarket and Plaid integration

Leviathan SDK

@leviathan/sdk with unified Solana + Sui TypeScript bindings

IKA Staking platform

Validator scoring + allocation engine + Agent API live on IKA mainnet

LIKA Phase 1+2

Contract, keeper, and frontend deployed on Sui testnet

Dagon Encrypt-program integration

Devnet-verified end-to-end matching via Encrypt REFHE op-graph

Cross-chain signing

Native BTC, ETH, SOL signing via Ika 2PC-MPC (no bridges)

Internal security review

Completed across Leviathan Solana programs

External security audit

In progress for Leviathan + LIKA

Solana devnet deployment

Target: Q2 2026

Mainnet deployment

Target: Q2–Q3 2026

Ecosystem recognition

Solana ecosystem

Anchor programs on Solana with full SDK, faucet, and devnet deployment pipeline

Ika RFP program

Active contributor with 3 RFP submissions (P2P Lending, CCTP, Revenue Marketplace)

Encrypt SDK partner

Early production integrator against the encrypt-program on Solana devnet

What’s next

Completed (Q1 2026)

MilestoneStatus
Leviathan Solana programs (4 Anchor programs)✅ Complete
Full Leviathan app (Supply, Borrow, Credit Reports, Positions, Leaderboard)✅ Complete
ML credit scoring pipeline✅ Complete
@leviathan/sdk✅ Complete
IKA Staking platform✅ Complete
LIKA Phase 1 + 2 (contract, keeper, frontend)✅ Complete
Dagon Encrypt-program integration (devnet)✅ Complete
Agent API + MCP server✅ Complete
Internal security review✅ Complete

Q2 2026 targets

MilestoneTargetStatus
LIKA backend cache layerApr 2026🔄 In progress
External security auditMay 2026🔄 In progress
Solana devnet launch (Leviathan)May 2026⏭️ Planned
Mainnet launch (Leviathan + LIKA)Q2–Q3 2026⏭️ Planned
First SPV loans deployedQ3 2026⏭️ Planned
Seed round closeQ2 2026🔄 Fundraising
First services engagement signedQ2 2026🔄 Pipeline

Contact

Partnership & services inquiries: partnerships@inkwell.finance Interested in becoming a pilot borrower, lending partner, or services counterparty? Reach out directly.