
Penumbra
Penumbra is a shielded, cross-chain network allowing anyone to securely transact, stake, swap, or marketmake without broadcasting their personal information to the world.
Penumbra is a shielded, cross-chain network allowing anyone to securely transact, stake, swap, or marketmake without broadcasting their personal information to the world.
Penumbra integrates privacy with proof-of-stake through a novel private delegation mechanism that provides staking derivatives, tax-efficient staking, and on-chain governance with private voting.
Penumbra connects to the Cosmos ecosystem via IBC, acting as an ecosystem-wide shielded pool and allowing private transactions in any IBC-compatible asset. Users can also swap these assets using ZSwap, a private decentralized exchange supporting sealed-bid batch auctions and Uniswap-v3-style concentrated liquidity.
Sealed-bid batch auctions prevent frontrunning, provide better execution, and reveal only the net flow across a pair of assets in each block, and liquidity positions are created anonymously, allowing traders to approximate their desired trading function without revealing their individual beliefs about prices.
DetailsRaised: 4,750,000 USD LegalBlockchain Platform: Cosmos |
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