Penumbra is a fully private proof of stake L1. We have a shielded staking system that gives privacy to delegators, but still accountability and transparency for the validators. And we have integration with IBC so any IBC compatible chain can transfer assets into Penumbra. As those assets come in, they are recorded in the shielded pool. So you can have long-term privacy even for individual trade amounts. That's kind of on the market taker side., which is one sort of point in this trade-off between how much privacy you do get versus how much control over your trade execution do you get? On the market maker side where we have all concentrated liquidity and
In this week’s episode, Anna and Guillermo catch up with Henry de Valence from Penumbra. They discuss his thoughts on requirements for adoption of privacy systems and how these led to him to develop Penumbra. They explore how Penumbra aims to use privacy features not as ‘nice to haves' within the system, but rather as essential components that offer a new paradigm for how to think about DeFi in a Multichain Ecosystem.
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Today’s episode is sponsored by Aleo.
Aleo is a new Layer-1 blockchain that achieves the programmability of Ethereum, the privacy of Zcash, and the scalability of a rollup.
If you’re interested in building private applications then check out Aleo’s programming language called Leo. Visit leo-lang.org to start building.
You can also join Aleo’s incentivized testnet3 by downloading and running a snarkOS node. No sign-up is necessary to participate. For questions, join their Discord at aleo.org/discord.
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