Hinkal Protocol, a decentralized protocol focused on privacy in on-chain transactions, has introduced its Shared Privacy Protocol, which enables anonymous staking for cross-chain privacy. The announcement was made at EthCC 7, where Hinkal highlighted the advantages of the privacy protocol. Stakers can now deploy native and staked assets to the protocol, earning additional yield while having the flexibility to trade yield tokens on other decentralized applications (dApps). The protocol also offers traders the benefit of an expanded Shielded pool, which further obscures their trading strategies and maximizes capital deployment across multiple chains. Developers of decentralized exchanges and dApps can seamlessly integrate Hinkal’s Shared Privacy Protocol into their platforms, granting users new privacy capabilities. Georgi Koreli, co-founder and CEO of Hinkal, emphasized the importance of privacy on-chain in enabling the widespread adoption of cryptocurrencies in traditional finance. The launch of the Shared Privacy Protocol marks a significant milestone for Hinkal in its mission to break privacy barriers in the crypto space. Hinkal acknowledges the growing demand for privacy from institutional investors entering the crypto market, with the expectation of the same level of privacy they have in traditional equities markets. However, achieving complete privacy in DeFi trading requires a substantial pool of “Shielded TVL” on each blockchain to adequately mask transactions, which is a challenge given the industry’s vast landscape of Layer-1 and Layer-2 blockchains. Hinkal’s Shared Privacy Protocol offers a compliant solution that enables discrete liquidations without disclosing transaction data, addressing the need for efficient operations in DeFi markets. Evgeny Gokhberg, founder of Re7 Capital and an investor in Hinkal, expressed the importance of such a solution for institutional investors. Hinkal’s innovative protocol is poised to drive institutional adoption and provide the necessary privacy features for DeFi trading.
