PriveX is the first intent-based perpetuals DEX to launch on COTI, bringing unprecedented privacy and security to DeFi traders.
COTI, the leading provider of the fastest and lightest confidentiality layer on Ethereum, is proud to announce its strategic partnership with PriveX, the first intent-based privacy perpetuals DEX. PriveX has integrated COTI’s cutting-edge privacy-preserving Layer 2 technology into its platform to provide secure, confidential transactions while ensuring a seamless, safe and fair trading experience.
This partnership represents a significant milestone for the decentralized finance space. By leveraging COTI’s advanced cryptographic protocol, Garbled Circuits, PriveX can offer its users the freedoms of DeFi with the efficiencies of CeFi. Traders on PriveX will be able to execute strategies without exposing sensitive data, such as stop-loss positions or trade amounts, thereby protecting their tactics from market manipulation.
COTI’s CEO Shahaf Bar-Geffen commented:“Privacy has long been a barrier to the broader adoption of decentralized finance. COTI’s state-of-the-art confidentiality layer will provide PriveX users with the security they need to trade confidently, tapping deep liquidity pools on centralized exchanges whilst enjoying the decentralized, self-custody benefits of DeFi.”
The partnership will see PriveX launching its Test-Mainnet environment for whitelisted addresses on the Base network, with plans to transition to COTI V2 when COTI moves to Mainnet later this year. Traders on PriveX will benefit from COTI’s privacy-preserving technology, which includes features like confidential trading strategies and trade amounts.
PriveX will empower the COTI community with instant access to high-leverage positions on a wide range of coins, offering up to 60x leverage and unlocking new opportunities for strategic trading. With seamless integration into the COTI network, users will enjoy fast transactions, competitive fees (on the network and on the platform), and a user-friendly interface, all designed to enhance their trading experience. PriveX itself partners with Symm.io and IntentX.io’s ‘solver solution’ to deliver CEX-like liquidity across more than 250 trading pairs.
Today’s collaboration marks a significant expansion of COTI’s privacy-centric Layer 2 technology, demonstrating its versatility across different DeFi applications. The COTI community will enjoy first-movers advantage on the PriveX DEX, accruing reward points in return for trade volume. Points will then be counted towards an airdrop when PriveX moves to COTI V2. Join the PriveX community here.
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