Renegade is among the first crypto dark pools to go live since we covered the whole design space in our report here. A dark pool or a private exchange has some key design considerations.
- What level of privacy does it promise pre-execution?
- How does it match orders privately?
- How does it source liquidity privately?
- What level of post-execution privacy does it ensure?
This post will look into how Renegade answers these questions.
Pre-execution Privacy
With Renegade, The UX remains the same as any other EVM wallet. Here the wallet is the same as a UTXO that has private keys and can sign transactions. You will need to generate a new UTXO and commit to it using a ZK proof. This proof proves that the new UTXO is in fact new and that you have not already spent the funds that
