COTI and PriveX have joined forces to develop a platform for privacy-centric perpetual trading in decentralized finance (DeFi).
Technologies and Approach
The joint solution utilizes COTI’s Layer 2 privacy technology and PriveX’s decentralized exchange model, enabling traders to execute strategies with enhanced security.
Protection of Sensitive Data
PriveX's platform, integrated with COTI’s Garbled Circuits cryptographic protocol, ensures that traders can execute strategies without exposing sensitive data, such as trade sizes or stop-loss orders. This added layer of confidentiality protects users from market manipulation, a common issue in DeFi.
New Opportunities for Traders
PriveX will offer up to 60x leverage on various coins, enhancing strategic trading opportunities while maintaining fast transaction speeds and competitive fees. The platform’s unique privacy features, combined with centralized exchange-like liquidity, are set to revolutionize the DeFi trading experience.
This collaboration between COTI and PriveX could significantly enhance the security and privacy of trading in DeFi, marking an important step for decentralized financial systems.
Comments