Hassan Maishera
COTI, the leading provider of Ethereum's fastest and lightest confidentiality layer, announced on Thursday, September 5th that it has entered into a strategic partnership with PriveX, the first intent-based privacy perpetual DEX.
In a press release shared with Cryptowisser, COTI revealed that PriveX will integrate its cutting-edge privacy-preserving Layer 2 technology into its platform to provide secure, confidential transactions while ensuring a seamless, safe, and fair trading experience.
By taking advantage of COTI’s advanced cryptographic protocol, Garbled Circuits, PriveX can offer its users the freedoms of DeFi with the efficiencies of CeFi. Traders on PriveX can execute strategies without exposing sensitive data, such as stop-loss positions or trade amounts, thereby protecting their tactics from market manipulation.
While commenting on this partnership, COTI’s CEO Shahaf Bar-Geffen said,
“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 collaboration will also see PriveX launch its Test-Mainnet environment for whitelisted addresses on the Base network. It plans to transition to COTI V2 when COTI moves to Mainnet later this year.
Traders on the PriveX platform will enjoy COTI’s privacy-preserving technology, which includes features like confidential trading strategies and trade amounts. Furthermore, 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.
PriveX’s seamless integration into the COTI network means that users will enjoy fast transactions, competitive fees (on the network and the platform), and a user-friendly interface designed to enhance their trading experience.
Furthermore, the COTI community will enjoy a 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.
COTI is Ethereum's fastest and lightest confidentiality layer, powered by the breakthrough cryptographic protocol Garbled Circuits and secured by Ethereum. COTI introduces the most advanced and compliant solution for data protection on the public blockchain, paving the way for the next wave of Web3 innovation and adoption. COTI’s technology unlocks new use cases, including confidential transactions, Artificial Intelligence, DeFi, decentralized identification, and more.
Meanwhile, PriveX is the first intent-based privacy perpetual decentralized exchange built on COTI’s fast and lightweight confidentiality layer. Merging CeFi efficiency with DeFi freedom, PriveX offers a secure, scalable platform for traders, ensuring confidential transactions, deep liquidity, and a user-friendly experience.
