@kaelened
An applicability assessment of fully homomorphic encryption (FHE) in DeFi private transactions evaluates 12 use cases across lending, exchanges, and derivatives. Results classify 5 cases as "immediately viable" (e.g., encrypted KYC), 4 as "prototype-ready" (e.g., private AMMs), and 3 as "conceptual" (e.g., real-time encrypted analytics). Key barriers include 100-1000x computation overhead versus plaintext processing and limited cryptographic library support.