Ren partners with AZTEC Protocol
AZTEC Protocol and Ren are collaborating to facilitate private balances, transfers and trades to enable truly decentralized finance.
Ren and AZTEC protocol — a zero-knowledge privacy protocol and exchange settlement standard—are excited to announce our collaboration to facilitate private balances, transfers, and trades, enabling a new set possibilities for decentralized finance.
Ren will be working hand-in-hand with AZTEC in a variety of ways. First and foremost, Ren will be integrating AZTEC’s on-chain privacy protocol to underpin the Ren zero-knowledge transactions layer. By integrating AZTEC, all applications built using Ren will, by default, be able to take advantage of zero-knowledge transfers and balances directly on Ethereum.
Utilizing AZTEC technology, RenEx will be the first decentralized exchange that offers completely private value exchange, that is AZTEC notes (zero-knowledge tokens) can be traded without their revealing the trade or its value on the orderbook. This is a significant step to achieve privacy and sovereignty outside of direct value transfers with privacy coins, and marks a compelling starting point for new Ethereum use cases in decentralized finance.
To summarize all elements of the partnership, Ren and AZTEC will be collaborating in the following areas:
- Integration of AZTEC into the zero-knowledge transaction layer for Ren. It will be the default implementation used wherever possible and a core building block that can leverage the security of smart contract capable platforms.
For more information on Ren’s zero-knowledge transaction layer refer to the litepaper. - Integration of AZTEC into SwapperD, which facilitates completely private exchange of AZTEC zero-knowledge notes on RenEx (and private balances on exchanges that integrate SwapperD).
- Ren to develop an open source Go implementation of AZTEC Protocol’s zero-knowledge proof generation algorithm. Since SwapperD is written in Go this is a necessary step and equally we wish to help expand the privacy ecosystem through assisting adoption of AZTEC standards.
- Collaboration in privacy based research and continued support to ensure all Ren products are compatible with the AZTEC standards and vice versa. By helping accelerate the development of decentralized privacy technology our aims are aligned in working together to enable further practical defi use cases emerge.
We are highly supportive of AZTEC’s standard and encourage all other Ethereum wallets to consider adopting AZTEC Protocol. By making privacy a default standard on platforms like Ethereum, we can help achieve a new level of sovereignty and ensure decentralized finance is a viable alternative for all users.
Please join both our communities and let us know what you think!
— Loong Wang, CTO, Ren
About AZTEC Protocol
AZTEC Protocol is an efficient zero-knowledge privacy protocol and exchange settlement standard. The AZTEC protocol uses cutting-edge zero-knowledge proofs to enable private transactions powering real world financial applications on Ethereum mainnet.
https://www.aztecprotocol.com/
About Ren
Ren is a private and interoperable liquidity layer for decentralized finance. Freely move value between blockchains and transfer tokens in zero-knowledge while maintaining complete privacy.
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