Hello Aave community,
Would you be interested in transactional privacy for your AAVE or aTokens?
At Secret Network we are building a privacy preserving smart contracting platform and bringing privacy to Ethereum assets through the bridge we built between Ethereum and Secret Network. The bridge is expected to go on mainnet on December 14, 2020.
Adding AAVE (and aTokens) to the bridge, will enable holders to create wrapped AAVE with privacy, which we would call secretAAVE. This is similar to an ERC20 on our network, yet since contracts are encrypted tokens issued with contracts are privacy tokens. secretTokens are already live on Secret Network
Holders of secretAAVE (or secret_aTokens) can:
- privately transact (like zCash) secretAAVE on Secret Network
- redeem secretAAVE to a new ETH address to achieve transactional privacy on ETH, which is similar to Tornado Cash (at ~30% of Tornado’s cost)
- participate in a front-running resistant AMM, which is expected to go live in early 2021
We are here to get feedback on whether this is interesting for the AAVE community and contribute. We are big fans of what you are building.
If there’s any interest, we’d be happy to go ahead with this technical integration that will bring privacy to AAVE and aTokens. Would really appreciate thoughts and comments!