Our next Battlefront
Our blockchain ecosystem is changing On September 29, 2020 Gemini Exchange, one of the first licensed ethereum exchanges in the United States enabled support for Zcash shielded withdrawals. This is the first time shielded ZEC withdrawals are available on a regulated exchange.
“It also demonstrates that with the right controls in place and the proper education, regulators can get comfortable with privacy-enabling cryptos” [quote] https://gemini.com/blog/youre-one-step-closer-to-financial-freedom-with-shielded-zec-withdrawals
Kraken alongside their newly awarded U.S. banking license on September 16, 2020 continues support for monero-usd trading pair. U.S. regulations are among the most rigorous in the world, yet these Centralized eXchanges are paving the way.
The Litecoin community is currently working with the Grin/Mimblewimble community implementing fungible and privacy focused properties. Litecoin continues ongoing support from regulated CeX’s. We are also witnessing some of the largest CeX’s worldwide participating in the Liquid Network Federation. Liquid Network has confidential transactions built in.
In this next phase, privacy will be a major battlefront.
Privacy features will be an important aspect of Decentralized Finance. Currently, it is mostly unexplored and we have an opportunity to place sushi at the forefront.
Privacy enhancing is not about supporting “bad actors”. It is an essential component for sovereignty, safety and security.
Ethereum is transparent by design. Increasing and maintaining operational security has become absolutely crucial. By developing and marketing our privacy features sushi could see increased volume across the platform. Increased volume will bring higher earnings from fees rendered. This revenue will be indispensable and these improvements are in the best interest of sushi stake holders.
Objectives, Motivation & Our Future
We must consider adding privacy features to our sushi-ecosystem. Features that could attract Volume to our platform should be explored or at the very least discussed.
There is currently no AMM that offers privacy tools or features.
Incentives for Liquidity Providers offering better opsec for wallet management could increase our Time Value Locked. (yūrei-pools)
Our privacy features could incentivize traders/swaps from other platforms and chains. Increasing Daily Trade Volume. (guarded-swaps/yūrei-swaps)
First swap/lending platform with privacy built in
We have changed our sushi tokenomics. Our emissions will taper off, our hard cap set. How will we attract more liquidity and grow our trade volume? New liquidity from borrow/lending, limit orders, weekly pool menu. What is our future outlook? Somewhere on L2 or cross-chain bridges. How can we remain relevant in this constantly evolving landscape? Privacy, Privacy, Privacy (opt-in yūrei-pools/swaps)
While we grow our offerings and expand, if we focus our efforts on privacy and continue to develop the quality of our AMM+ our harvest will surely yield abundance.
To Poll or Not To Poll
There is no poll. I would like to spark discussion first and foremost.
What do you have to say?
. . .
bad actors, law enforcement and regulators are no longer relevant reasons to avoid privacy-enhanced properties.
We can pave the way sushi: privacy-enhanced defi
we started as an AMM for the people, privacy is very much for the people