Hey, I'm Ritik from the Privora team. We get these questions a lot, so opening one place for them . Opening this thread for questions about how Privora works. Short version: lit book, private position.
What's public: the order book, trades, and the order terms needed for price discovery (price-time priority). What's hidden from the public chain: wallet-to-order ownership, links between your trades, net position, exposure, collateral, leverage, and exact liquidation level.
How a trade flows:
Deposit collateral into your private account
The browser signs an exact order intent with a shielded session key
The backend accepts it and proves the transition
The public order book matches it
The private balance and position get proven and settled