Typhoon Cash is a New Protocol for Yield-Capable Private Transactions, based on Tornado Cash.
We identified areas of improvement to the Tornado Cash model in both tokenomics and design, so we forked Tornado Cash and implemented these improvements. Tokenomic of Typhoon cash includes a very simple 0.3% fee per transaction that is automatically sent to the reserve contract that will automate buy and burn of the PHOON token. This makes PHOON tokens more scarce after each transaction. Scarcity increases faster along with usage.
We believe that providing a larger set of notes in the system can greatly improve usability of a private transaction protocol. The tradeoff here is to remove the relayer system from Tornado Cash. By removing relayers, value can be attributed to the protocol instead of leaving the system. We plan to soon enable relayers via Keep3r Network.
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