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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

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Overview

Project industryBlockchain Infrastructure
Product typeTechnology
FoundedUnited States
WhitepaperPenumbra White Paper Open

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.

Details

Raised: 4,750,000 USD

Legal

Blockchain Platform: Cosmos
Registration year: 2022

Penumbra Roadmap

1
MVP1 Transaction Model
  • Implement multi-asset transactions using a fixed validator set and transparent proofs.
2
MVP2 Staking and Delegation
  • Implement the shielded staking and delegation mechanics using transparent proofs.
3
MVP3 IBC Integration
  • Implement IBC support, allowing communication with other Cosmos zones.
4
MVP4 ZSwap
  • Implement batch swaps and concentrated liquidity positions.
5
MVP5 Governance
  • Implement shielded governance, enabling decentralization of project direction.

Project team

Henry de Valence
Henry de Valence
Founder
Henry de Valence linkedin
Jen Helsby
Jen Helsby
Core Engineer
Jen Helsby linkedin
Finch
Finch
Core Engineer
Chris Czub
Chris Czub
Core Engineer
Ava Howell
Ava Howell
Core Engineer

Social media

Penumbra web-sitePenumbra TwitterPenumbra DiscordPenumbra Github

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