gm, readers.
At Automata we work on protecting privacy and fairness. And in this newsletter, we find more reasons to talk about it. Explore headlines and catch up on the biggest crypto news in Web3 privacy.
This Week:
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Web3 privacy protocol Silent Protocol adds CoWSwap to its ecosystem
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Privacy supporters criticize MakerDAO’s lending platform Spark Protocol for blocking VPN users
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PancakeSwap launches Private RPC in partnership with bloXroute
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Metaverse platform The Sandbox introduces KYC measures for staking processes
Zooming into ZK:
- Privacy-preserving protocol zkPass raises $2.5M in a seed round with support from Binance Labs, Sequoia China, OKX Ventures, and others
Op-Ed Feature:
- CoinDesk shares about the need for digital sovereignty in light of Elon Musk’s potential “everything app”
We dive into the details, so you don’t have to:
MakerDAO’s recently launched lending platform Spark Protocol faces backlash from Web3 privacy advocates over its refusal to allow VPN users to access its services, claiming it is necessary to prevent American users from using the platform. VPN protects user privacy by hiding IP addresses, preventing malicious actors from misusing compromised user information.
https://twitter.com/ChrisBlec/status/1688244517525139456
With plans to go live this year, Silent Protocol provides compliant and privacy-focused infrastructural support for Web3 applications. MEV-protecting DEX aggregator CowSwap is the third addition to Silent Protocol’s ecosystem, and allows Web3 users to trade and execute CoWs privately.
PancakeSwap’s latest Private RPC feature, a collaboration with MEV-focused blockchain distributed network, bloXroute, is yet another attempt to outrun the frontrunners. Instead of appearing in the public mempool, user transactions are routed directly to block proposers, shielding them from bots and MEV searchers on Ethereum and BNB Chain.
Automata Network’s 1RPC offers Web3 privacy protection via custom RPC endpoints, which refers to unique URLs that only the owner can use to prevent metadata leakage and exposure when sending transactions.
Connect with Automata on both Twitter and Discord.
This newsletter is for informational purposes only. It is not intended to be a substitute for professional financial advice or interpreted as investment advice. Cryptocurrencies are volatile assets and you should always do your own research before making any informed decisions when investing or trading.