@Dusk just announced that Hedger is building the first confidential perpetual futures exchange on DuskEVM and this represents a major breakthrough for privacy in decentralized trading. Perpetual futures are one of the most popular trading instruments in crypto with billions in daily volume, but they have a fundamental problem on transparent blockchains.
When you open a leveraged position on existing perpetual dexes like GMX or dYdX, every detail is visible onchain. Your position size, entry price, leverage amount, and liquidation levels are all public information that anyone can see and analyze. This creates massive problems for traders who need confidentiality around their strategies.
Hedger solves this by leveraging $DUSK confidential smart contracts. When traders open positions on their platform, the transaction details remain private through zero knowledge proofs. Other market participants cannot see your trades, bots cannot track your activity, and competitors cannot front run your strategy. You get all the benefits of decentralized perpetual trading without broadcasting your positions to the entire world.
This is particularly important for institutional traders and hedge funds who have operated in traditional finance with confidentiality as a standard expectation. These organizations cannot use transparent defi protocols because exposing their trading strategies to competitors would be suicide for their business model. Confidential perps on dusk finally give them a viable onchain alternative.
The fact that Hedger chose to build on DuskEVM rather than ethereum or other chains validates the technology approach. They specifically needed confidential smart contracts to make their product work properly, and dusk is currently the only blockchain with production ready privacy infrastructure that can handle complex financial applications. This could be the first of many defi protocols that migrate to dusk for privacy reasons #Dusk
