Incognito Blockchain Launches DeFi Privacy for Kyber
The Incognito privacy project released pKyber, which enables users to hide their activity from the public Ethereum ledger within the Kyber Network. Privacy blockchain Incognito has released Kyber Privacy (pKyber), a privacy feature for decentralized finance within the Kyber Network for users from both parties to trade anonymously. First announced on April 24, Incognito’s open-source technology enables anonymity for smart contract-based protocols, making it possible for any Ethereum-based decentralized app to integrate pKyber. Making DeFi private The company claims that the DeFi environment is increasingly facing privacy concerns from seasoned crypto users and traditional investors looking to explore “a new economy.” Within the integration, Incognito will offer users the option to hide their activity from the public Ethereum ledger. Speaking with Cointelegraph, Andrey Bugaevski, CEO of Incognito, explained the motivations that drove them to develop a DeFi privacy feature: “In decentralized finances, the highlighted word is finances.
Coin Telegraph - 30th Jun 13:06