@UmbraPrivacy isn't a wallet.
The main product is an encrypted shared state
The wallet is only a means through which it can be accessed
This means target audience isn't limited to retail/traders.
Umbra is enterprise first. Offering encrypted shared state as a service
0 to 1
@UmbraPrivacy isn't a wallet.
The main product is an encrypted shared state
The wallet is only a means through which it can be accessed
This means target audience isn't limited to retail/traders.
Umbra is enterprise first. Offering encrypted shared state as a service
0 to 1
True finance demands true privacy.
Blockchains have conditioned our brains to think transparency as a defacto.
But it shouldn't be this way.
There's going to be crypto pre and post @UmbraPrivacy.
Patience is the most difficult part.
Onwards
@milianstx@kru_tweets@JW100x
$umbra moat is evident when it's thought about as Infrastructure.
Encrypted shared state is only as private as its TVL(privacy scales directly with TVL)
Umbra's moat is first mover advantage+ great tech + SDK.
Creating a lock in and network effects difficult to replicate
Coindesk wrote a piece on Umbra, and specifically highlighted some aspects of it's moat, though I think they could have expanded on this through ownership / shielding
Shielding Umbra takes supply out of circulation, effectively cornering supply, while also building the anonymity set
Where they could have expanded further though, is on the aspect of ownership and how that makes the moat more sticky
Example: Say liquid funds / large holders introduce a proposal for revenue share in the form of quarterly dividends. The proposal passes, and then Umbra token holders receive a yield on their tokens, while also shielding these tokens
This effectively: corners supply through shielding -> builds the anonymity set -> provides yield through futarchy governance
Such a moat is only unique to Umbra, no other privacy token/project offers even half this, and it's ojectively one of the best moat's in all of crypto
Umbra M/M has already outperformed every privacy token, and the product is far more advanced compared to current encrypted wallets
It is something so unique in a sector so ready to explode that it simply can't be ignored, especially when it is so much cheaper(for now) than every other subpar competitor
$50
uodl