nillOn-chain trading has a cost that few people openly acknowledge, yet it is incurred every day: your intentions are public before your trade is executed.
Limit-order prices, stop-loss levels, the size of large bids—all this information is visible to everyone on a transparent ledger. The result is that front-running, stop-loss hunting, and strategy copying have become the default tax on on-chain trading. Before you’ve even acted, your counterparty already knows your hand.
Nillion’s core product, Covenants, addresses this structural problem. Rather than hiding the amount, it encrypts the instruction itself before publishing it on-chain. The instruction remains sealed until predefined conditions are met, and no observer—not even an MEV bot—can read its contents. Once the conditions are triggered, a permissionless node network works together to decrypt it and proceed to settlement, without relying on a single keeper or centralized operator to decide “whether it’s time to act.” The system is powered by Blacklight L1 and combines threshold secret sharing with identity-based encryption, ensuring that no single node holds the complete plaintext. The end result can be summed up in one sentence: strategies stay private; execution remains verifiable.
DUSK is the first live implementation of Covenants and is now deployed on Ethereum mainnet—not a testnet, but mainnet. The first version focuses on price thresholds and time-based triggers with a maximum window of 30 days. Sealed stop-loss orders and sealed auctions, both of which have completed end-to-end testing, are the most immediate use cases. DUSK is only the first stop on Nillion’s seven-stage roadmap. Next, Darkfall will extend the same Covenants primitives to multiple EVM chains, while Nightside plans to introduce user-defined condition logic.
$NIL
Limit-order prices, stop-loss levels, the size of large bids—all this information is visible to everyone on a transparent ledger. The result is that front-running, stop-loss hunting, and strategy copying have become the default tax on on-chain trading. Before you’ve even acted, your counterparty already knows your hand.
Nillion’s core product, Covenants, addresses this structural problem. Rather than hiding the amount, it encrypts the instruction itself before publishing it on-chain. The instruction remains sealed until predefined conditions are met, and no observer—not even an MEV bot—can read its contents. Once the conditions are triggered, a permissionless node network works together to decrypt it and proceed to settlement, without relying on a single keeper or centralized operator to decide “whether it’s time to act.” The system is powered by Blacklight L1 and combines threshold secret sharing with identity-based encryption, ensuring that no single node holds the complete plaintext. The end result can be summed up in one sentence: strategies stay private; execution remains verifiable.
DUSK is the first live implementation of Covenants and is now deployed on Ethereum mainnet—not a testnet, but mainnet. The first version focuses on price thresholds and time-based triggers with a maximum window of 30 days. Sealed stop-loss orders and sealed auctions, both of which have completed end-to-end testing, are the most immediate use cases. DUSK is only the first stop on Nillion’s seven-stage roadmap. Next, Darkfall will extend the same Covenants primitives to multiple EVM chains, while Nightside plans to introduce user-defined condition logic.
$NIL