Hibachi Partners with Celestia and Succinct to Launch Privacy-Focused Decentralized Exchange

In a breaking announcement, Hibachi has partnered with Celestia and Succinct to launch a privacy-focused decentralized exchange. The platform is built on Celestia's modular data availability layer and utilizes Succinct's zero-knowledge proof infrastructure to achieve on-chain privacy protection for transaction records, holdings, and account balances. This platform addresses user privacy concerns arising from on-chain transaction transparency at the foundational level, enabling comprehensive encryption and concealment of transaction records, holdings, and account balances. Currently, Hibachi has launched core perpetual contract trading functionality and plans to introduce a strategy vault (initially featuring internally managed strategies), a native lending market, a multi-asset collateral mechanism, and spot trading functionality in the future to meet user risk management and asset allocation needs. While the project team has not made a formal announcement regarding token issuance, the market anticipates that Hibachi may introduce a native token, with a focus on trading activity and user engagement.

Related Articles