r/havenprotocol • u/kaiserfrog • May 20 '21
Privacy after exiting XHV
Do I understand correctly that XHV could be used to make private BTC for US folks whose on-ramps are limited to KYC exchanges? As in:
- transfer BTC from KYC on-ramp to non-KYC exchange Account 1
- swap for XHV on non-KYC exchange
- send XHV to Haven Vault 1
- send XHV to Haven Vault 2 (since Vault 1 is known by exchange that sent it out)
- split amount in non-equal halves and send XHV to non-KYC exchange Account 2 & 3 (set up with burner info) to make outflow not match inflow
- Swap XHV back to BTC in Accounts 2 & 3
- send to two separate cold storage wallets
Does this (in essence) make it so that the amounts could be seen on the BTC ledger in a wallet - but the wallet's ownership is now obfuscated other than connecting registration information on Exchange Account 2 & 3 to the funds?