π’Private Swap & DeFi
Innovative Developments in Kalium's Private DeFi
Layer 1 Advancements
Ongoing exploration seeks to introduce DeFi applications into the Zcash ecosystem through the existing Layer 1 infrastructure. This potential innovation involves conducting most contract operations off-chain using a sequencer, with on-chain validation of these actions.
EVM Compatibility
Kalium Network is gearing up for the integration of an EVM-compatible virtual machine, providing native programmability. This advancement will support zero-knowledge proof computations, facilitating the growth of a diverse developer community. This, in turn, will foster the creation of an ecosystem for privacy-centric applications and tokens, positioning Kalium Network alongside other well-established Layer 2 privacy solutions.
KSA - Kalium Shielded Assets
Kalium's dedicated team has been diligently working on the development of Kalium Shielded Assets. This endeavor includes the implementation of mechanisms for trustless and private cross-chain bridging of these assets, promoting interoperability across blockchain networks. Exciting innovations are on the horizon!
How it works
Kalium users are capable of leveraging Binance smart contracts and wider DeFi applications while preserving their privacy
Step 1: Acquire Shielded KALI
Purchase KALI from any Exchange & Proceed to withdraw to your personal non-custodial wallet.
If withdrawal was deposited to a 0x-address, Auto-shield funds or make an additional transaction to 0zk-address.
This means that the money within your wallet is no longer tied back to your identity.
Similar to withdrawing cash from a bank, once withdrawn the bank can no longer monitor your transactions.
Step 2: Convert KALI to other private tokens
Using KALI Exchange swap your Shielded KALI for ETH,BNB, etc.
Step 3: Using DeFi
Now you have received BNB you are capable of interacting with the multitude of Web3 applications & services via Metamask & Trust wallet for DeFi, NFTβs, DAOs etc!
Step 4: Convert BNB/ETH back to KALI using KALIBridge
Once youβre ready to cash out, convert your ETH to KALI using KALIBridge.
Congratulations!! you have successfully used your KALI to onboard to & use DeFi applications in a privacy-preserving way with Kalium Network.
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