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Cankisagun announced the enablement of transactional privacy for AAVE using Secret Network, allowing users to earn yield through a bridge mining program. The Secret Network will also offer a decentralized OTC for private auctions and a front-running resistant AMM, with the strength of anonymity being a point of discussion within the community.
The discussion primarily revolved around the announcement made by Cankisagun regarding the enablement of transactional privacy for AAVE using Secret Network. This development is expected to provide an opportunity for users to earn yield with AAVE through a bridge mining program. The program, which is set to commence on January 12, will span over a period of 6 weeks. During this time, a total of 250K SCRT will be distributed among bridge depositors.
The discussion also highlighted the importance of the value locked on the Secret Network - Ethereum bridge. The greater the value locked, the better the anonymity provided to its users. ERC20 pools with a total value locked (TVL) exceeding $100K will be eligible for SCRT bridge rewards. The Secret Network is also set to offer a decentralized OTC for participating in private auctions and a front-running resistant AMM, which is expected to launch in February 2021. Users can create secretAAVE with their AAVE and mine for secretSCRT starting January 12.
However, Haave raised a pertinent question regarding the strength of anonymity. They questioned whether it is purely a function of the token amount or if the number of depositors also plays a significant role. This query remains open-ended and is a point of consideration for the community.
Posted 3 years ago
Last reply 3 years ago
Summary updated 2 months ago
Last updated 03/12 08:01