Anyone who’s been trading on-chain for a while knows this frustrating part: the moment you place an order, your intent is out in the open. Searchers watch the mempool, and your stop-loss levels, trigger conditions, and execution routes are all fair game. Nillion’s Covenants are designed to address exactly this: encrypt your trade instructions before putting them on-chain, so nobody can read them until the conditions are met—not even the nodes themselves. The official tagline puts it well: you seal it, and it unlocks itself. I think this goes a step beyond simply hiding trade amounts; it hides “what you’re planning to do.” $NIL is now betting on this Encrypted Markets narrative, and DUSK, the first version of Covenants, is already running on Ethereum mainnet—it’s no longer just a PPT-stage idea. Of course, a compelling story is one thing; whether developers and AI agents actually use it is another. That’s something we’ll have to keep an eye on. I agree with the direction of this move by @Nillion : on-chain, transparency shouldn’t be the only way to do things. #NIL#nil $NIL @Nillion