Over the last few weeks, I've been building Obscura, a token launchpad for Midnight.

There's just one problem.

Obscura's entire pitch is that your position disappears. Right now, on Midnight mainnet, nothing disappears.

Here's the actual situation: tokens already exist, the base account-based standard is live, and that's what Obscura mints against. What isn't live yet is the piece that lets those tokens vanish into Midnight's UTXO model, which is the actual mechanism the privacy pitch runs on. It's defined in MIP-0004, still sitting in Draft status, already proven out on preprod, but not deployed to mainnet.

So: a vault, built before anyone finished the lock.