 | 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.
Seed Round: $4.75M
Testnet: Guide
WhitepaperImportant 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.
What 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.
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.
Funding Details
Project team
Social media
Twitter
Discord
GitHubIndustries
