Renegade is an on-chain dark pool utilizing multi-party computation (MPC) to facilitate anonymous token trades at the real-time midpoint of the Binance bid-ask spread, ensuring zero price impact and eliminating front-running. This decentralized trading network provides pre- and post-trade privacy through zero-knowledge settlement, addressing the need for confidentiality and optimal execution in cryptocurrency transactions.
Funding
$3.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
DNRFounders
Product
Problem
Existing decentralized exchanges (DEXs) lack privacy, exposing users to front-running, sandwich attacks, and other forms of miner extractable value (MEV). Order details are visible on-chain, enabling malicious actors to exploit trading strategies and track user positions.
Solution
Renegade is a decentralized dark pool built on Arbitrum that utilizes multi-party computation (MPC) and zero-knowledge proofs to provide pre- and post-trade privacy. By matching orders via MPC, Renegade keeps order information confidential before a match occurs, eliminating front-running. Trades are pegged to the real-time midpoint of the Binance bid-ask spread, ensuring zero price impact and optimal execution. All settlement occurs inside of a zero-knowledge proof, preventing third parties from learning any details of the trade, thus eliminating wallet-tracking and copy-trading.
Target Audience
The primary target audience includes institutional clients such as liquid token funds, market makers, whales, and searchers seeking optimal execution and privacy in their cryptocurrency trades.
Features
- On-chain dark pool facilitating anonymous token trades
- Midpoint pricing pegged to the real-time Binance bid-ask spread
- Order matching via multi-party computation (MPC) for pre-trade privacy
- Zero-knowledge settlement for post-trade privacy
- Protection against front-running, sandwich attacks, and MEV
- Support for opt-in compliance, allowing users to trade only with verified counterparties
- Source-available codebase with audited smart contracts, circuit constraints, and zero-knowledge cryptography