Darkpool Overview (Testnet)
Overview of Darkpool
A darkpool is a hidden orderbook trading venue where transactions are made discreetly to avoid impacting the market and protection against MEV-front running bots and sandwich attacks. Singularity’s Darkpool works by enabling users to hide the asset, amount, and price from the public explorers and mempools; only the user will see the details of their orders.
How Does the Darkpool Work?
The Singularity Darkpool employs a mechanism to ensure complete privacy for its users. When a trade is initiated, all associated details are encrypted and remain completely unknown to the public.
Technologies Powering the Darkpool:
Zero-Knowledge Proofs (ZKPs): Allows verification of information without revealing the underlying data.
Fully Homomorphic Encryption (FHE): Enables computation on encrypted data, ensuring privacy throughout the process.
Multi-Party Computation (MPC): Facilitates collaborative data processing without any participant being able to access the full dataset.
These technologies work together to maintain the privacy of trade information while ensuring the integrity of the transaction process.
Available Trading Pairs
Currently (on testnet) the available trading pair is SepoliaETH/MockUSDC. On mainnet, there will be many more.
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