TLDR
- Hinkal has unveiled its plans to launch the Shared Privacy Protocol soon.
- This protocol bridges individual blockchains with unified privacy via an anonymity staking mechanism.
- It specifically caters to the rising demand for privacy in DeFi trading, particularly from big players in the finance market.
- The protocol is designed to bring a cohesive liquidity pool that maintains privacy across various blockchains.
- Users can contribute assets into the staking pool, earning incentives while enhancing the privacy ecosystem.
- The objective is to replicate traditional market privacy standards within the DeFi world.
Hinkal A groundbreaking multi-chain privacy foundation, focusing on maintaining transaction confidentiality via the Shared Privacy Protocol, which leverages anonymity staking for cross-chain functionality.
As institutional investors flood the crypto sphere, they insist on equating DeFi trading privacy with that of traditional markets—a challenge Hinkal aims to conquer amidst liquidity splintering across over 200 blockchain variants.
Hinkal presents a remedy with its Shared Privacy Protocol, structuring a protected liquidity reservoir that spans all blockchains, akin to EigenLayer's approach to achieving security.
This strategy introduces a horizontal privacy integration model, allowing the Shielded TVL to be reflected across different blockchain networks. Arbitrum or Solana.
This setup allows traders and dApps to fully capitalize on the Shielded liquidity, working seamlessly irrespective of the blockchain they belong to.
Georgi Koreli, a co-creator and CEO at Hinkal, highlights the landmark nature of this initiative:
‘Achieving comprehensive on-chain privacy opens up immense opportunities for cryptocurrency adoption within mainstream finance, and the Shared Privacy Protocol is pivotal in tapping into community power and demolishing privacy obstacles in crypto.’
The Shared Privacy Protocol is structured to offer a myriad of benefits across the DeFi landscape. Asset holders can stake their holdings within the protocol, accruing returns while enjoying trading flexibility of yield tokens across other decentralized platforms.
Traders gain from a larger Shielded pool, efficiently concealing their trading approaches and maximizing investments over various chains. It's a developer-friendly solution for integrating advanced privacy features seamlessly into exchanges and dApps.
Adhering to private finance standards, this protocol ensures both personal and corporate users can manage holdings and conduct trades within prominent dApps, shielded from public visibility. It's a crucial privacy ingredient for securing institutional participation in DeFi by safeguarding trading methodologies and preventing front-running.
Evgeny Gokhberg from Re7 Capital, an investor in Hinkal, underscores how vital this protocol is for large-scale market participants:
‘We need a compliant tool that supports discreet liquidations while concealing transactional information, and Hinkal's Shared Privacy Protocol presents the solution we've long sought in the DeFi sector.’
Hinkal, founded by Stanford alumnus Giorgi Koreli alongside his Ph.D. affiliate Nika Koreli, aims to offer an institutional-grade solution empowering full control over blockchain assets.
The protocol employs zero-knowledge proofs to facilitate private smart contract interactions, offering users the advantage of dealing with their preferred dApps directly from secure addresses, omitting asset withdrawal hassles.
