> ## Documentation Index
> Fetch the complete documentation index at: https://docs.inkwell.finance/llms.txt
> Use this file to discover all available pages before exploring further.

# Traction

> What is live today across Inkwell's products and where the practice sits in the ecosystem.

> **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)

<Note>
  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.
</Note>

## Products live or in pilot

<CardGroup cols={2}>
  <Card title="Leviathan — Solana programs" icon="bolt">
    **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
  </Card>

  <Card title="Dagon — confidential matching" icon="eye-slash">
    **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
  </Card>

  <Card title="Synthase — basis-yield strategy" icon="chart-waterfall">
    **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
  </Card>

  <Card title="IKA Staking + LIKA on Sui" icon="coins">
    **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
  </Card>
</CardGroup>

## Cryptographic stack — what is integrated today

<CardGroup cols={2}>
  <Card title="Ika 2PC-MPC dWallets" icon="shield-check">
    **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
  </Card>

  <Card title="Encrypt REFHE programmable bootstrap" icon="lock">
    **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
  </Card>

  <Card title="ML credit scoring" icon="brain">
    **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
  </Card>

  <Card title="Cross-chain transaction verification" icon="link">
    **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](/inkwell/design-philosophy)
  </Card>
</CardGroup>

## Partner interest

### Primary pilot partner: Full Sail

<Card title="Full Sail" icon="sailboat" href="https://fullsail.finance">
  **Sui-Native DEX**

  MOU 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
</Card>

### Active pipeline

| Status               | Description                                                               |
| -------------------- | ------------------------------------------------------------------------- |
| 🔄 **In discussion** | Multiple mainnet protocols in active term-sheet discussions for Leviathan |
| 🔄 **In discussion** | Services inquiries for Ika dWallet and Encrypt FHE integration            |
| ⏭️ **Next target**   | First funded loans via parallel SPV (\$5–10M)                             |

<Note>
  **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
</Note>

## Technical milestones

<Steps>
  <Step title="Leviathan Solana programs" icon="check" iconType="solid">
    Four Anchor programs: core lending, pooled lending, credit scoring, transaction verification
  </Step>

  <Step title="Full Leviathan app" icon="check" iconType="solid">
    Supply, Borrow, Credit Reports, Positions, and Leaderboard pages live
  </Step>

  <Step title="ML credit scoring" icon="check" iconType="solid">
    Ensemble pipeline with Polymarket and Plaid integration
  </Step>

  <Step title="Leviathan SDK" icon="check" iconType="solid">
    `@leviathan/sdk` with unified Solana + Sui TypeScript bindings
  </Step>

  <Step title="IKA Staking platform" icon="check" iconType="solid">
    Validator scoring + allocation engine + Agent API live on IKA mainnet
  </Step>

  <Step title="LIKA Phase 1+2" icon="check" iconType="solid">
    Contract, keeper, and frontend deployed on Sui testnet
  </Step>

  <Step title="Dagon Encrypt-program integration" icon="check" iconType="solid">
    Devnet-verified end-to-end matching via Encrypt REFHE op-graph
  </Step>

  <Step title="Cross-chain signing" icon="check" iconType="solid">
    Native BTC, ETH, SOL signing via Ika 2PC-MPC (no bridges)
  </Step>

  <Step title="Internal security review" icon="check" iconType="solid">
    Completed across Leviathan Solana programs
  </Step>

  <Step title="External security audit" icon="spinner">
    In progress for Leviathan + LIKA
  </Step>

  <Step title="Solana devnet deployment" icon="circle">
    Target: Q2 2026
  </Step>

  <Step title="Mainnet deployment" icon="circle">
    Target: Q2–Q3 2026
  </Step>
</Steps>

## Ecosystem recognition

<CardGroup cols={3}>
  <Card title="Solana ecosystem" icon="bolt">
    Anchor programs on Solana with full SDK, faucet, and devnet deployment pipeline
  </Card>

  <Card title="Ika RFP program" icon="award">
    Active contributor with 3 RFP submissions (P2P Lending, CCTP, Revenue Marketplace)
  </Card>

  <Card title="Encrypt SDK partner" icon="lock">
    Early production integrator against the `encrypt-program` on Solana devnet
  </Card>
</CardGroup>

## What's next

### Completed (Q1 2026)

| Milestone                                                                   | Status     |
| --------------------------------------------------------------------------- | ---------- |
| 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

| Milestone                         | Target     | Status         |
| --------------------------------- | ---------- | -------------- |
| LIKA backend cache layer          | Apr 2026   | 🔄 In progress |
| External security audit           | May 2026   | 🔄 In progress |
| Solana devnet launch (Leviathan)  | May 2026   | ⏭️ Planned     |
| Mainnet launch (Leviathan + LIKA) | Q2–Q3 2026 | ⏭️ Planned     |
| First SPV loans deployed          | Q3 2026    | ⏭️ Planned     |
| Seed round close                  | Q2 2026    | 🔄 Fundraising |
| First services engagement signed  | Q2 2026    | 🔄 Pipeline    |

## Contact

**Partnership & services inquiries:** [partnerships@inkwell.finance](mailto:partnerships@inkwell.finance)

Interested in becoming a pilot borrower, lending partner, or services counterparty? Reach out directly.