Privacy protocol Elusiv announced the launch of a private token swap feature on Solana, which allows users to trade crypto assets without having to disclose their public wallet address information on the blockchain, thus hiding their transaction history, trading strategies, and assets.
When making transactions, a user needs to connect their wallet and deposit funds into their private balance. The private swap feature encrypts the user's public keys while also generating a temporary key, and uses the temporary key to send the transaction.
Elusiv co-founder Julian Deschler said, "Private token swaps secure one of the most fundamental actions in all of DeFi and push the entire Web3 space forward to deliver on core values of self-sovereignty and data ownership."
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DeFi
Privacy
Solana
