chimp.md #2409
chimp.md #2409
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| How is Chimp Exchange different? | ||
| - Cross-Chain Privacy Trading: Unlike ZKSwap or SecretSwap, Chimp Exchange is focused on enabling private trading across multiple chains via the Ten Protocol. This cross-chain compatibility, coupled with complete anonymity, sets Chimp apart. | ||
| - End-to-End Encryption: While Tornado Cash and ZKSwap offer forms of transaction mixing, Chimp Exchange integrates full E2EE, ensuring that trades are not only private but also encrypted at every stage. |
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Could you please elaborate on this point? What data is subject to e2e encryption in your design and how would it work?
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| ### Legal Structure | ||
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| - **Registered Address:** Add later |
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| ### Ecosystem Fit | ||
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| Chimp Exchange fits into the Polkadot/Substrate/Kusama ecosystem by addressing the critical gap in privacy and anonymity in decentralized finance (DeFi). While Polkadot’s interoperability allows seamless cross-chain functionality, Chimp Exchange introduces a private decentralized exchange (DEX) that focuses on enabling anonymous and encrypted trading. By leveraging end-to-end encryption (E2EE) via Ten Protocol, Chimp Exchange provides a secure, private platform for users to trade digital assets across various parachains. This ensures that sensitive information, such as trade details and wallet balances, remains hidden from third-party tracking. |
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To my understanding the Manta parachain is doing something with similar goals. Have you looked into Manta previously? I would like to know why you think your solution has an edge on Manta and what this benefit is exactly.
| - The need for private trading solutions is further highlighted in research publications on blockchain privacy from organizations such as MIT and Stanford, which emphasize the importance of encrypted trading and privacy layers in blockchain systems. | ||
| - Articles on Zero-Knowledge Proof (ZKP) and Multi-Party Computation (MPC) have discussed the potential for private transactions, which further supported Chimp’s decision to integrate privacy technology into its DEX. | ||
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| Currently, there are no direct competitors within the Polkadot/Substrate/Kusama ecosystem that focus specifically on providing a private, anonymous DEX solution. |
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As mentioned previously. I think Manta is doing exactly this.
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| - Whitepaper : WIP | ||
| - System Architecture graphic: https://drive.google.com/file/d/1jCoRayv_8ePR_xET5Nef3N3ge5Thc8el/view?usp=sharing | ||
| - Technical Stack: JavaScript, NodeJS, ReactJS, VueJS, Typescript, Hardhat, Solidity |
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You list frontend stuff and solidity here yet in the milestones you are working on a substrate chain. What is the actual tech stack you will be using?
| | **0e.** | Article/Workshop | We will publish an article on **private fundraising** through an encrypted launchpad, showcasing how privacy-oriented projects can raise funds anonymously using Chimp DEX. | | ||
| | **1.** | Substrate module: Encrypted Launchpad | We will create a Substrate module that allows projects to conduct **private token sales** and **fundraising** through encrypted KYC and token sale pools. | | ||
| | **2.** | Substrate chain | This module will be integrated into the custom Substrate chain to allow **private fundraising**, making Chimp DEX the go-to platform for privacy-oriented DeFi fundraising efforts. | | ||
| | **3.** | User Growth & Cross-Chain Expansion | Launch targeted campaigns to onboard **50,000 users** and extend cross-chain compatibility to additional blockchains like **Ethereum** and **Polkadot**. | |
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We don't fund marketing acitivities.
| | **0c.** | Testing and Testing Guide | Core functions, including trade execution and encryption, will be covered by comprehensive unit tests. A **testing guide** will describe how to run these tests. | | ||
| | **0d.** | Docker | We will provide a **Dockerfile** to set up the private trading engine and test private trade functionality on a local development environment. | | ||
| | **0e.** | Article/Workshop | We will publish an article explaining the significance of private trading in DeFi and showcasing how our **end-to-end encryption (E2EE)** works to provide anonymous trading. | | ||
| | **1.** | Substrate module: Private Trading Engine | We will create a Substrate module that implements the core **private trading engine**, enabling anonymous trade execution using **end-to-end encryption**. | |
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This substrate pallet would need to be strongly specified somewhere in the application so that we actually understand what you want to do and how you envision it to work.
| | **0c.** | Testing and Testing Guide | Unit tests will cover private fundraising, encrypted KYC (optional), and token sale management. A **testing guide** will explain how to test encrypted token sales on Chimp DEX. | | ||
| | **0d.** | Docker | We will provide a **Dockerfile** to test the encrypted launchpad module, enabling developers to deploy and test private fundraising pools locally. | | ||
| | **0e.** | Article/Workshop | We will publish an article on **private fundraising** through an encrypted launchpad, showcasing how privacy-oriented projects can raise funds anonymously using Chimp DEX. | | ||
| | **1.** | Substrate module: Encrypted Launchpad | We will create a Substrate module that allows projects to conduct **private token sales** and **fundraising** through encrypted KYC and token sale pools. | |
| | **0d.** | Docker | We will provide a **Dockerfile** to test the encrypted launchpad module, enabling developers to deploy and test private fundraising pools locally. | | ||
| | **0e.** | Article/Workshop | We will publish an article on **private fundraising** through an encrypted launchpad, showcasing how privacy-oriented projects can raise funds anonymously using Chimp DEX. | | ||
| | **1.** | Substrate module: Encrypted Launchpad | We will create a Substrate module that allows projects to conduct **private token sales** and **fundraising** through encrypted KYC and token sale pools. | | ||
| | **2.** | Substrate chain | This module will be integrated into the custom Substrate chain to allow **private fundraising**, making Chimp DEX the go-to platform for privacy-oriented DeFi fundraising efforts. | |
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How does private fundraising work?
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| Chimp Exchange is the first private decentralized exchange (DEX) offering complete anonymity for traders by leveraging end-to-end encryption (E2EE) via the Ten Protocol. With privacy becoming a critical concern in the DeFi and Web3 ecosystem, Chimp Exchange fills the gap by providing a fully encrypted trading platform, ensuring that trades, asset movements, and identities are kept private and secure. This innovative DEX prevents tracking of trades and assets, thus protecting whales, traders, and privacy-conscious users from the risks associated with public visibility on blockchain networks. | ||
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| Chimp Exchange aims to be the bridge to a fully private trading future, offering users the ability to trade without fear of tracking, identity disclosure, or liquidation hunting. The platform is currently live on Testnet with Cross-Chain capabilities and boasts a rapidly growing user base and community. |
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Where can we see the source code of your currently live platform? Is it open source? Whats the network it is currently running on?
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Hey @Yuqianxxx , sadly I have to let you know that we are currently not in a position to fund privacy preserving tech and products. I wasn't aware of that prior to asking questions and leaving comments. Sorry for the bad news. I will have to close this application. Best wishes for you and your team. |
Project Abstract
Chimp Exchange is building the first private decentralized exchange (DEX) that offers complete anonymity in trading. Leveraging end-to-end encryption (E2EE) via the Ten Protocol, the platform provides a fully secure and private trading environment, ensuring that users’ trades, assets, and identities remain confidential. This addresses one of the last remaining gaps in DeFi and Web3—privacy—by preventing asset tracking, identity disclosure, and liquidation hunting, thus protecting high-net-worth traders, whales, and privacy-focused users.
Chimp Exchange aims to revolutionize decentralized finance (DeFi) by offering features like encrypted trading, hidden liquidity pools, and a private fundraising launchpad. Currently live on Testnet with cross-chain capabilities, Chimp Exchange is building momentum and aims to scale its solution across multiple blockchains. Through its innovative approach, the platform sets the stage for the future of fully private, decentralized trading in Web3.
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Application Checklist
project_name.md).@_______:matrix.org(change the homeserver if you use a different one)