 | PenumbraPenumbra is a shielded, cross-chain network allowing anyone to securely transact, stake, swap, or marketmake without broadcasting their personal information to the world. Seed Round: $4.75M Testnet: Guide IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenWhat is Penumbra
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 USDLegalBlockchain Platform: CosmosRegistration year: 2022 |
Penumbra Roadmap
- Implement multi-asset transactions using a fixed validator set and transparent proofs.
- Implement the shielded staking and delegation mechanics using transparent proofs.
- Implement IBC support, allowing communication with other Cosmos zones.
- Implement batch swaps and concentrated liquidity positions.
- Implement shielded governance, enabling decentralization of project direction.
Project team
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