According to Foresight News, the decentralized privacy protocol, Hinkal Protocol, has announced plans to launch a shared privacy framework similar to a 'privacy Eigenlayer'. This framework will be achieved through anonymous re-pledging to ensure cross-chain privacy. Hinkal has stated that its privacy framework will support pledgers by re-pledging ERC-20 tokens to increase the shielding pool, and pledgers will receive hERC-20 tokens.
In previous news from Foresight News, it was reported that the Hinkal Protocol completed a financing round of $4.1 million in November 2023, led by Draper Associates.