Fhenix x @MonacoTrading Research
Two teams obsessed with solving problems just started working on the hardest one in DeFi:
How do you build trading infrastructure where your orders, positions, and strategies stay private- without giving up fairness, verifiability, or liquidity?
Let’s get into it 🧵
The next era of crypto will be shaped by AI, quantum computing, and the growing need for privacy-preserving infrastructure
@AngieMKTmom sat down with @GuyZys to discuss how new age privacy stacks are evolving, Fhenix’s roadmap, and lessons from his journey as a 3x founder
Seems like TEEs are not as dead as people seem to think. I hear that they are dead for a year now, but I still see more products shipping on them.
TEEs have a place at the table, but we need to come up with a way to highlight the tradeoffs - then it's the user's choice.
CoFHE @fhenix is now verifiable!
A couple of weeks ago, we introduced Ciphertext Commitments to CoFHE. Why does it matter? A bit of context first:
CoFHE is an FHE Coprocessor, meaning that encrypted computations are executed externally, rather than directly by the blockchain’s nodes. This is what makes CoFHE scalable, practical and pluggable to any blockchain: the host chain does not need to perform FHE operations as part of its own consensus.
But it also introduces a question: how can the host chain, developers, and users know that the Coprocessor is generating the correct encrypted results? That is exactly what Ciphertext Commitments are designed to address 👇
With Ciphertext Commitments, CoFHE publicly commits onchain to the result of an FHE computation. Each commitment binds a computation request to the ciphertext result that CoFHE produced. So essentially it maps: {operation, inputs} → result.
The key point is that the host blockchain does not need to recompute the FHE operation itself. Instead, CoFHE posts an onchain commitment that makes the computation result transparent and auditable. Anyone can inspect the request, recompute the operation independently, and verify that the committed ciphertext result matches.
In other words, CoFHE gets the scalability benefits of a coprocessor, while still giving a way to hold the coprocessor accountable.
Since launching this feature CoFHE has already committed to >500k ciphertexts on testnet, and counting!
many people misunderstand what "privacy" is
the essence of privacy is not that you never share your information, but that you have a choice to not share it
capitalism is a system of voluntary exchange and it can not function without the 'voluntary' part