Cove vs. the old way
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Cove: Private Payments on Solana Without Addresses
Cove lets you send SOL and stablecoins privately using a single-use claim link. No wallet address needed — recipients claim with zero friction.
Cove is a private payment layer built on Solana. Instead of sharing a wallet address and waiting for the other party to send funds, you deposit SOL, USDC, or USDT into a shielded pool, receive an encrypted single-use claim link, and pass that link to the recipient through any channel you prefer. The recipient opens the link, connects any supported Solana wallet, and claims the funds — without you ever needing to know their public key.
Every standard Solana payment leaves a permanent, public record that ties sender and receiver together on-chain. For developers receiving hackathon prizes, for builders accepting grants, or for anyone who wants to settle peer-to-peer without exposing their identity wallet, that public trail is a real problem. Cove breaks the link between sender and receiver by routing funds through the Cloak ZK shielded pool. The on-chain record shows a deposit into the pool and a separate withdrawal from the pool — the two addresses are never connected.
Unlike traditional crypto payments where the recipient must first provide a public key and the sender must verify it, Cove compresses the entire interaction into a single shareable link. The recipient does not need to hold SOL to pay transaction fees — the Cloak relay covers the fee on their behalf.
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