Tel Aviv-based DeFi platform PriveX has recently launched on the COTI mainnet, revolutionizing the world of decentralized trading with a focus on privacy, automation, and composability. This innovative platform allows users to trade over 300 perpetual pairs with high-performance capabilities, all while keeping trade data off-chain.
PriveX operates on COTI’s privacy infrastructure, aiming to bridge the gap between centralized exchange experiences and decentralized markets. Utilizing a private, intent-based backend powered by Symmio, PriveX accesses liquidity from various sources, including decentralized venues like Binance. This unique approach safeguards traders from front-running and strategy leaks, while catering to both manual and AI-driven trades.
Shahaf Bar-Geffen, CEO of COTI, expressed excitement about the launch of PriveX, highlighting the platform’s integration of privacy, performance, and AI to meet the demands of real-world trading. This advancement marks a significant milestone for both COTI and the DeFi sector as a whole.
One of PriveX’s key features is its privacy-first architecture, which sets it apart in the realm of intent-based trading. Unlike traditional decentralized exchanges that reveal user intentions prior to execution, PriveX leverages COTI’s Garbled Circuits privacy protocol to keep transaction data hidden until after completion. This approach minimizes slippage and safeguards proprietary trading strategies, making it ideal for autonomous agents reliant on real-time privacy for optimal performance.
PriveX’s solver network interprets users’ defined trading intents and monitors market conditions across multiple liquidity sources. Trades are executed discreetly once the specified parameters are met, with no public disclosure of order details. This design is tailored to support emerging AI applications, particularly those involving autonomous trading agents. In the future, PriveX plans to introduce an AI agents portal to offer users access to more advanced strategies, alongside additional features that enhance integration with COTI’s privacy layer.
Overall, PriveX’s launch on the COTI mainnet signifies a significant advancement in the DeFi space, showcasing a new standard for decentralized trading that prioritizes privacy, automation, and composability. With its cutting-edge technology and commitment to innovation, PriveX is poised to reshape the landscape of decentralized finance and empower users with unparalleled trading capabilities.