Based on some of the discussions I've seen online, it seems like there are other users who are also concerned with the privacy implications of home security cameras. Therefore, I decided to open source my solution for everyone to use. If you need a privacy-preserving home security camera, please give it a try and provide feedback. Note that trying out the system requires you to have a supported IP camera, a local machine connected to the IP camera, a server, and an Android smartphone. I have put together detailed instructions on setting up the system, which I hope makes it easier for others to get the system up and running.
In addition, consider contributing to the project. The prototype currently has a lot of limitations: mainly that it has only been tested with one IP camera, only allows the use of one camera, and only supports Android. I'll continue to improve the prototype as time permits, but progress will be much faster if there are other contributors as well.
End-to-end encryption is a pretty specific term and clearly not what is done here. Even if you use protocols designed for end-to-end encryption that does not matter if the protocols talk with an intermediary (the hub) that decrypts the traffic.
For example, if signal still used the signal protocol but decrypted the messages on their server that would not be acceptable to be called end-to-end encryption.
Anyway, either way it's probably good to include something about how the traffic between the camera and the hub is completely plaintext and unencrypted and includes the password to the camera (unless I'm missing something), so even in your model it's not just the hub that is an additional point that needs to be trusted, it's also the whole network that they are on. That's probably at least a router and might include many other devices, sometimes quite untrusted.
Since some cameras support adding TLS/HTTPS it would be good to add support for that by not hardcoding http for the onvif endpoints. I think FFMPEG supports rtsp over tls out of the box.