Everyone can see where you set your stop-loss. I’ve put up with it for three years.
I just saw Dusk launch on Ethereum mainnet, and my first thought was—finally, someone’s doing something about it.
Before you ask what coin this is, let me tell you something I’ve been holding in for three years.
In all my years trading on-chain, the worst part isn’t losing money. It’s setting a stop-loss at 8% and having the whole world know. Market makers can see it, front-running bots can see it, and the guy in the group chat next door can see it too. Your strategy is laid out on the table like a face-up card—and you’re the one who turned it over.
Covenants, what Nillion is building this time, are meant to turn that card face down again.
Here’s how it works: you seal a trade and put it on-chain. Until the conditions are met, no one can read it. Once the price and timestamp line up, the nodes hand over their key shares, the instruction is unlocked, and it goes to settlement. The shares are split up, one per node, so no one can put them back together on their own.
It’s not “trust me.” It’s “no one can do it.”
Dusk is the first step—the first Covenant, deployed on Ethereum L1 and launched just on September 28. Six more phases are to come.
$NIL is around 0.085 right now. I won’t talk about the price; I’ll just say this: privacy is the last missing piece of the on-chain trading puzzle.
@Nillion #NIL
I just saw Dusk launch on Ethereum mainnet, and my first thought was—finally, someone’s doing something about it.
Before you ask what coin this is, let me tell you something I’ve been holding in for three years.
In all my years trading on-chain, the worst part isn’t losing money. It’s setting a stop-loss at 8% and having the whole world know. Market makers can see it, front-running bots can see it, and the guy in the group chat next door can see it too. Your strategy is laid out on the table like a face-up card—and you’re the one who turned it over.
Covenants, what Nillion is building this time, are meant to turn that card face down again.
Here’s how it works: you seal a trade and put it on-chain. Until the conditions are met, no one can read it. Once the price and timestamp line up, the nodes hand over their key shares, the instruction is unlocked, and it goes to settlement. The shares are split up, one per node, so no one can put them back together on their own.
It’s not “trust me.” It’s “no one can do it.”
Dusk is the first step—the first Covenant, deployed on Ethereum L1 and launched just on September 28. Six more phases are to come.
$NIL is around 0.085 right now. I won’t talk about the price; I’ll just say this: privacy is the last missing piece of the on-chain trading puzzle.
@Nillion #NIL