Today we're adding the Private Yield capability to Merces.
It lets users earn yield on private balances without exposing positions, amounts, or counterparties.
In brief: Merces Private Yield is a vault contract on @Plasma testnet that holds the pooled USDT. Each user's share of that pool is held as Private Shared State, secret-shared across the TACEO Network. Yield is currently simulated at 7.5% APY for demonstration.
More broadly: With Merces you can now do confidential payments, private payments, confidential x402 transfers, and earn yield on private balances.
We made the Merces reference app so you can try out all these capabilities: https://t.co/NDYSE3Z3Yv
If you're interested in integrating Merces Private Yield into your app, see the integration docs: https://t.co/KKWqmFBaHE
Read more: https://t.co/IHp4OOhf4y
@matthuang@patrickc exogenizing + hedging on energy and (as a second order thing) compute is gonna get increasingly important, but also structurally misaligned as we see more cases of folks burning tokens (+ev) to increase the rev figures on the frontier labs they’re exposed to