In a groundbreaking move set to reshape the landscape of decentralized finance (DeFi), COTI, renowned for providing the fastest and lightest confidentiality layer on Ethereum, has announced a strategic partnership with PriveX, the first intent-based privacy perpetuals decentralized exchange (DEX). This collaboration marks a pivotal moment in DeFi’s evolution, promising to deliver unparalleled privacy and security in perpetuals trading.
Introducing a New Era of Confidentiality in DeFi
COTI’s advanced cryptographic protocol, Garbled Circuits, lies at the heart of this partnership, enabling PriveX to integrate state-of-the-art privacy-preserving Layer 2 technology into its platform. This integration ensures that PriveX users can execute trading strategies without exposing sensitive data, such as stop-loss positions or trade amounts, to potential market manipulation.
This partnership effectively merges the freedoms of DeFi with the efficiencies traditionally associated with centralized finance (CeFi). COTI’s CEO, Shahaf Bar-Geffen, highlighted the significance of this collaboration, stating, “Privacy has long been a barrier to the broader adoption of decentralized finance. COTI’s state-of-the-art confidentiality layer will provide PriveX users with the security they need to trade confidently, tapping deep liquidity pools on centralized exchanges whilst enjoying the decentralized, self-custody benefits of DeFi.”
PriveX’s Test-Mainnet Launch and Future Plans
PriveX is set to launch its Test-Mainnet environment for whitelisted addresses on the Base network, paving the way for a full transition to COTI V2 when it moves to Mainnet later this year. This transition will offer traders on PriveX the full suite of COTI’s privacy-preserving features, including confidential trading strategies and hidden trade amounts, ensuring a secure trading experience.
As part of the partnership, PriveX will empower the COTI community by offering instant access to high-leverage positions across a wide range of coins, with leverage of up to 60x. This opens up new opportunities for strategic trading, with seamless integration into the COTI network guaranteeing fast transactions, competitive fees, and a user-friendly interface designed to enhance the overall trading experience.
PriveX’s partnership with Symm.io and IntentX.io’s ‘solver solution’ further enhances the platform’s capabilities, delivering centralized exchange (CEX)-like liquidity across more than 250 trading pairs. This innovative approach ensures that traders can benefit from deep liquidity, typically associated with CEXs, while maintaining the privacy and autonomy of DeFi.
Expanding COTI’s Privacy-Centric Technology
The collaboration between COTI and PriveX is more than just a partnership; it represents a significant expansion of COTI’s privacy-centric Layer 2 technology across different DeFi applications. COTI community members will enjoy a first-mover advantage on the PriveX DEX, accruing reward points based on their trade volume. These points will later be eligible for an airdrop when PriveX transitions to COTI V2, further incentivizing early adoption.
COTI’s technology, powered by its breakthrough cryptographic protocol Garbled Circuits and secured by Ethereum, introduces the most advanced and compliant solution for data protection on the public blockchain. This technology unlocks new use cases in the realms of confidential transactions, Artificial Intelligence (AI), DeFi, decentralized identification, and more, setting the stage for the next wave of Web3 innovation and adoption.
Redefining Privacy in Perpetuals Trading
PriveX, the first intent-based privacy perpetuals DEX, is built on COTI’s fast and lightweight confidentiality layer. The platform aims to revolutionize DeFi by merging the efficiency of CeFi with the freedom of DeFi, offering a secure, scalable environment for traders. By ensuring confidential transactions, deep liquidity, and a user-friendly experience, PriveX is poised to become a leader in the DeFi space, providing traders with a CEX-like experience on-chain, enhanced with the privacy and security features that only COTI can offer.
The partnership between COTI and PriveX represents a significant leap forward for the DeFi ecosystem. By integrating cutting-edge privacy technology with a decentralized trading platform, the collaboration is set to redefine how traders interact with perpetuals markets. As PriveX prepares to launch its Test-Mainnet and transition to COTI V2, the DeFi community eagerly anticipates the transformative impact of this partnership, which promises to deliver both security and efficiency in the fast-evolving world of decentralized finance.