
Renegade
On-chain dark pool. MPC for anonymous crosses at midpoint prices.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor | €0.0 | round |
* | $3.4m | Seed | |
Total Funding | 000k |
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Renegade is a cutting-edge decentralized exchange (DEX) that operates as an on-chain dark pool, providing universal trade privacy for its users. Unlike traditional DEXes, which are fully transparent and expose users' balances and trade histories, Renegade ensures that all trading activities are completely obscured from third parties. This means that only the user can access the details of their balances and trades, both before and after a trade is executed.
Renegade serves cryptocurrency traders who prioritize privacy and optimal trade execution. It operates in the rapidly growing decentralized finance (DeFi) market, leveraging Multi-Party Computation (MPC) and Zero-Knowledge Proofs (ZKP) to ensure privacy and security. The business model revolves around facilitating anonymous trades at midpoint prices, eliminating price impact and slippage. This is particularly beneficial for larger trades that would typically move the market.
Renegade makes money by charging fees for trades executed on its platform. These fees are structured to be competitive while providing superior privacy and execution quality compared to other exchanges. By avoiding counterparty risk and preventing third parties from tracking and copying trading strategies, Renegade offers a unique value proposition in the DeFi space.
Keywords: decentralized exchange, dark pool, trade privacy, MPC, ZKP, midpoint prices, zero price impact, DeFi, cryptocurrency, anonymous trades.