Your stop-loss is a public announcement. Anyone can see where it sits, and some people trade against it.
@Nillion 's Covenants fix that at the protocol level.
You seal "if ETH < $2,000, sell 0.5 ETH" into encrypted shares, split them across a committee of nodes, and post it on Ethereum.
Fewer than k nodes can't read a thing. When the price hits, the nodes release their shares and the secret opens. Nobody trusted to hold it.
Dusk is the first release built on this. I'm holding a small $NIL position (card below). Not advice, I just want to understand this one early.
#NIL
#nil $NIL @Nillion
@Nillion 's Covenants fix that at the protocol level.
You seal "if ETH < $2,000, sell 0.5 ETH" into encrypted shares, split them across a committee of nodes, and post it on Ethereum.
Fewer than k nodes can't read a thing. When the price hits, the nodes release their shares and the secret opens. Nobody trusted to hold it.
Dusk is the first release built on this. I'm holding a small $NIL position (card below). Not advice, I just want to understand this one early.
#NIL
#nil $NIL @Nillion