Confidential ZEC trading goes live on Shield
Traders can now buy, sell, and provide liquidity for ZEC while keeping their identity, portfolio, and trading strategies confidential. Shield has launched the first confidential onchain trading pair for ZEC, allowing users to manage their Zcash alongside other assets in its non-custodial wallet. The new pair gives ZEC holders access to a confidential, non-custodial AMM where they can buy, sell, and provide liquidity without publishing their wallet activity to the market. The launch expands Shield’s supported markets through its concentrated-liquidity AMM on Aleo. With this launch, Shield adds ZEC support to its non-custodial wallet, allowing users to manage the asset alongside their other supported holdings. How Zcash protects transaction data Zcash launched in October 2016 with support for transparent and shielded transactions. Transparent addresses work much like Bitcoin addresses. Their balances and transaction histories are publicly visible. Shielded transactions encrypt the sender, recipient, and amount, while allowing the network to verify that each transaction follows its rules. Zcash was the first widespread application of zkSNARKs, demonstrating that a decentralized network could verify transactions without publishing the underlying financial information. ZEC on Shield ZEC trades for USDCx in a concentrated-liquidity pool. Traders can move between ZEC and a dollar-denominated asset, and liquidity providers can supply capital within their chosen price ranges. Shield Swap runs on Aleo, combining publicly verifiable market state with encrypted wallet records. Zero-knowledge proofs allow the network to verify transactions without exposing confidential wallet data. Traders can inspect prices and available liquidity before confirming a swap. Liquidity providers can evaluate the pool before deciding where to allocate capital. Pool reserves, prices, trade sizes, and fees remain publicly verifiable. Shield Swap protects your identity, portfolio, and trading strategies. Wallet balances, portfolio composition, and links between trades remain confidential.
Key Takeaways
- Traders can now buy, sell, and provide liquidity for ZEC while keeping their identity, portfolio, and trading strategies confidential.
- Shield has launched the first confidential onchain trading pair for ZEC, allowing users to manage their Zcash alongside other assets in its non-custodial wallet.
- The new pair gives ZEC holders access to a confidential, non-custodial AMM where they can buy, sell, and provide liquidity without publishing their wallet activity to the market.
Summary generated by IndiCrypto from NewsBTC. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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