Introducing a cutting-edge tool for facilitating private DeFi transactions and beyond.
Enable private transactions for your DeFi application and beyond.
We aim to address the following issues by ensuring the privacy of DeFi transactions:
- Business Information Protection: Public transactions can reveal sensitive details such as wallet balances and trading strategies. Our solution ensures such vital information remains concealed, preserving your business integrity.
- Promoting User Adoption: Privacy is a crucial aspect of financial transactions. Our tool guarantees transactional anonymity in DeFi, fostering trust and encouraging broader acceptance of decentralized finance.
- Safeguarding Major Token Holders: Large token holders can unintentionally sway market trends, leading to unwanted price manipulation. Our tool allows them to lend tokens discreetly, reducing potential market disruptions.
- Securing User Information: Users often prefer to keep loan details, like liquidation prices, private to prevent potential market manipulation. Our tool keeps these details concealed, protecting users' financial stability.
Solution Overview:
- Safeguards sensitive business information and proprietary trading strategies.
- Empowers major token holders to lend discreetly while maintaining their privacy.
- Ensures the concealment of loan details, including sensitive information such as liquidation price.
How does Praave work?
What we have already done:
- Almost ready PoC: AAVE on Polygon (pre-deployed by Railgun).
- Also, smart contracts deployed on:
- Optimism
- Gnosis
- Mantle (Mantle Testnet)
- Taiko (Alpha-3 Testnet)
- Polygon (pre-deployed by Railgun)
- Base (Testnet)
- Browser Extension deployed on Near
An example of a Railgun Recipe which calls individual Steps, each of which is an interaction on Aave.
An example of a Railgun Step, which calls a specific function on Aave function supply() in this case.
In the near future, Praave has an ambitious roadmap ahead:
- Bring privacy solutions to other DeFi lending protocols and other dapps, e.g. PWN, Compound
- Blackbox-privacy mechanism will become sophisticated, e.g. time-dependent, shuffled, split transactions.
The market potential:
- The market potential for our solution is vast, as it caters to the entire DeFi ecosystem built on the Ethereum Virtual Machine (EVM). By offering private transaction capabilities, we aim to tap into the growing demand for enhanced privacy and security in decentralized finance.
Praave has been recognized for its innovative approach to DeFi, with multiple accolades from the ETH Hackathon.
Praave's achievements include:
- Winning the "Best DeFi Project" award from Mantle, demonstrating its strong potential in the Decentralized Finance sector.
- Earning recognition from PWN.
- Being honored with the "Best Use of Aave with Optimism" award from Aave. This distinction acknowledges Praave's effective application of the Aave platform, particularly in conjunction with Optimism, a layer 2 scaling solution for Ethereum.
- Receiving the "Infrastructure" award from Taiko. This recognition highlights the robustness and reliability of Praave's underlying technological framework.