Key Takeaways
- Paradex launched Privateness Perps, improving story and place privacy through encryption and authenticated RPCs.
- Decryption keys are managed by the Paradex Privateness Council, allowing stable insist recovery if wanted.
Paradex has launched privacy-retaining perpetuals on mainnet, marking a prime shift in the direction of CEX-vogue privacy in a self-custodial mannequin.
The unique intention ensures that only story holders and Paradex can watch orders, positions, and balances, with privacy enforced at some point soon of all layers, from Paradex Cloud to its L2 chain and Ethereum mainnet.
On L2, win admission to to deepest shopping and selling records is now gated through authenticated RPC calls, meaning observers can no longer reconstruct story states through indexers. On L1, insist updates posted to Ethereum are encrypted and verified using ZK proofs, closing off the records availability path for exterior observers.
A Privateness Council, currently comprising Paradex, Paradex Basis, and Karnot, is accountable for decrypting records only if Paradex becomes inoperable, retaining each and every privacy and an win away hatch for users.
Paradex says this marks a singular comparable outdated for self-custodial shopping and selling platforms, combining particular person privacy with decentralized recovery mechanisms.
