#nil $NIL @Nillion Every trader knows this feeling. You go short, it pumps. You go long, it dumps. Feels like the market is watching you 🕵️♀️
You’re not entirely wrong, because onchain, sometimes it is. Your orders are public before they happen, so someone sees your stop and trades against it. Your SL gets hit, they buy back cheaper, and your loss becomes their win. That’s the game. But what if it doesn’t have to be? That’s where @Nillion comes in.
They’re building Encrypted Markets, and the Covenant is the new primitive. Simply said, it’s an order you write and seal. You write something like “if ETH hits 2500, buy $1000 of BTC”, it goes onchain encrypted, and nobody can read it while it waits. Not other traders, not even the network itself. When the condition hits, it opens and runs by itself.
What nobody can see, nobody can hunt.
Privacy is the next big narrative, and $NIL is building something new here. Dusk, the first release of Covenants, is live on Ethereum mainnet. Not a testnet. And it’s only era one of seven. Six more to come. Privacy isn’t some cypherpunk dream, it’s a very real need and it’s spreading. #NIL
You’re not entirely wrong, because onchain, sometimes it is. Your orders are public before they happen, so someone sees your stop and trades against it. Your SL gets hit, they buy back cheaper, and your loss becomes their win. That’s the game. But what if it doesn’t have to be? That’s where @Nillion comes in.
They’re building Encrypted Markets, and the Covenant is the new primitive. Simply said, it’s an order you write and seal. You write something like “if ETH hits 2500, buy $1000 of BTC”, it goes onchain encrypted, and nobody can read it while it waits. Not other traders, not even the network itself. When the condition hits, it opens and runs by itself.
What nobody can see, nobody can hunt.
Privacy is the next big narrative, and $NIL is building something new here. Dusk, the first release of Covenants, is live on Ethereum mainnet. Not a testnet. And it’s only era one of seven. Six more to come. Privacy isn’t some cypherpunk dream, it’s a very real need and it’s spreading. #NIL