PRIVACY. IN ITS ELEMENT.

Go dark.With Pulse.

Trade privately. Move freely.
A new kind of decentralized exchange, built on Midnight.

Start trading
Take a deeper look

01 / BELOW THE SURFACE

Your money doesn’t
need an audience.

Open markets. Private lives.
There’s room for both.

P—01 / PRIVATE BY DESIGN
Something worth keeping.

Pulse is a decentralized exchange built on Midnight. Trade without publishing your private account balances for the world to inspect.

VISIBILITY STUDY / 001

Your balance stays your business.

Private account balance
Shielded
Private balance details
Shielded
Transaction rules
Verified

Private balances; public commitments enforce the rules. Cardano bridge activity remains public.

Look inside the privacy model
THE MARKET CAN BE OPEN.You don’t have to be.

02 / A DIFFERENT FOUNDATION

Prove the trade.
Keep the details.

Powered by Midnight.
Privacy, written into the rules.

PRIVATE DATA → PUBLIC CONFIDENCE
02 / MATHEMATICS

Show that the rules were met.

A zero-knowledge proof demonstrates that the contract’s rules were followed, without publishing the private inputs themselves.

A conceptual view of Midnight’s proof model.

THE NETWORK

Privacy you can build on.

Midnight combines public verification with private data. Applications choose what stays confidential and what needs to be disclosed.

Meet Midnight

THE LANGUAGE

Compact. Built for this.

Midnight’s smart-contract language compiles contract logic into zero-knowledge circuits. A practical way to make privacy part of an application.

Explore Compact

THE PRINCIPLE

Open to inspection.

Public code invites scrutiny. Confidence grows through review, testing and how the system performs over time.

Explore Pulse’s code
PRIVACY HAS A HISTORY.

Zcash and Monero helped put private transactions on the map. Midnight brings programmable privacy and selective disclosure to applications.

The next chapter

03 / CROSS INTO MIDNIGHT

A familiar asset.
A new horizon.

Meet Moonlight.

Pulse’s bridge connects supported Cardano assets with their wrapped counterparts on Midnight. A way into private finance, and a way back.

Understand the crossing

ONE BRIDGE. TWO DIRECTIONS.

01 / LOCK

Cardano

Supported original assets

02 / MINT

Midnight

Corresponding wrapped assets

Lock supported assets on Cardano. Mint their wrapped counterparts on Midnight.

Cardano deposits and withdrawals remain public. Check supported routes, fees and limits before moving assets.

Explore Moonlight

COMING FROM ETHEREUM?

New wallet. Familiar steps.

Start your Cardano journey with Lace or Eternl. We’ll walk you through setup.

04 / MAKE YOURSELF AT HOME

All the moves.
A little more quietly.

The essentials of an exchange.
A different relationship with visibility.

THE PULSE APP / SWAP

Make your next move.

Choose your pair, review the details and find your way into private markets.

  1. 01Choose a pair
  2. 02Review the quote
  3. 03Approve in your wallet
Explore the exchange
PulseAPP PREVIEW

Swap

ADA
You receive · estimate
67.786$USDCx
Example pool fee0.3 ADA
Try the app preview

Interactive example data. No wallet or funds connected.

FAMILIAR ACTIONS. A PRIVATE FOUNDATION.

05 / MAKE SOMETHING YOURS

Small beginnings.
Native possibilities.

Create a fixed-supply token on Midnight.

Give an idea its own asset. Pulse’s minting utility creates tokens native to Midnight, with a home in its shielded asset model.

Explore token creation

Minting requires a 1AM wallet and DUST. Eternl is not supported by the minting utility.

NATIVE TO MIDNIGHTYOURS TO CREATE ↗
COMING SOON

From first spark
to first market.

01 / FIRST

A market around an idea.

A planned bonding-curve launch experience: a straightforward route for communities finding their first supporters.

02 / THEN

A launch shaped around you.

Specialist launch services for projects that need a more considered, tailored route to market.

Follow the launchpad
P—06 / THE HUMAN BEHIND THE PROTOCOL
Christian Schmitz represented by a sculpted field of red dots
CHRISTIAN, IN POINTS.Abstract portrait / 2026

06 / THE BUILDER

Before the market,
the tools.

Christian Schmitz

Pulse founder. Helios creator.
A builder from the foundations up.

Christian created Helios, a smart-contract language and toolkit for Cardano. His earlier engineering work and experience in language design share a thread: understand the machinery, then make it better.

Pulse brings that approach to private markets on Midnight. An exchange people can understand, inspect and choose to trust.

ENGINEERINGLANGUAGE DESIGNPRIVATE MARKETS

07 / GOING DEEPER

Trust takes time.
We’re building for it.

The ambition is a deep, dependable market for private finance. Growth has to be earned.

An underwater forest of red soft coral and sea fans in white water
THE QUIET REEFA living system. Room to grow.
01

Stronger foundations.

More testing, more review and contracts that improve with scrutiny.

CONTINUOUS WORK
02

Deeper markets.

More assets and participants. Liquidity where trades need it.

GROWTH DIRECTION
03

Less friction.

Clearer decisions and a smoother path from wallet to settlement.

PRODUCT DIRECTION
04

Trust, earned.

A track record that gives larger pools of capital a reason to choose Pulse.

LONG-TERM AMBITION

08 / A SHARED FUTURE

A private market.
A shared ambition.

PULSE is the token at the heart of the community. Our long-term vision is a market owned by its token holders. Follow the work, explore the token and decide how you want to take part.

Explore PULSE on Minswap
YOUR NEXT MOVE.

Yours to make.

Enter Pulse
Pulse