Obscura Whitepaper
  • Getting Started
    • Introduction
    • Common Questions
  • Core Concepts
    • Understanding Anonymous Pools
    • Introduction to Multi-Party Computation (MPC)
    • The MPC-ZKP Framework
    • Privacy Features
    • Transaction Costs and Fees
  • Advanced Topics
    • Expressions of Interest
    • Enhanced Relayers
    • Cryptographic Foundations
  • Technical Resources
    • Key Addresses
    • Developer SDKs
  • $Obscura Token
    • Token Allocation
    • Staking & Rewards
    • Utility & Use Cases
    • Inflation & Deflation Mechanism
    • Governance Model
  • Privacy features
    • Data Protection
    • User Privacy
    • Encryption Methods
    • Anonymity Guarantee
    • Compliance & Regulations
  • our technology
    • Blockchain Infrastructure
    • Decentralized Architecture
    • Smart Contract Details
    • Advanced Security Measures
    • Platform Scalability
  • Security
    • Network Security
    • Anti-Fraud Measures
    • Zero-Impact Transactions
    • Secure Trading Environment
    • Validator Protection
  • Resources
    • Tutorials
    • Case Studies
    • Media Inquiries
    • Careers
    • Feedback & Suggestions
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  1. Getting Started

Introduction

Obscura is the first-of-its-kind decentralized anonymous pool, now live on Solana.

Unlike current decentralized exchanges (DEXes) that are completely transparent—allowing anyone to see your balances and trading history—Obscura prioritizes universal trade privacy. This means your trading activities are fully protected from third parties, both before and after a trade is executed. Only you retain access to the details of your balances and trades.

Why Use Obscura?

In addition to removing the counterparty risks found in centralized exchanges and OTC desks, Obscura addresses many inefficiencies in spot markets, delivering optimal execution for all traders:

  • Midpoint Execution: All trades execute at the real-time midpoint price, ensuring there is no spread or price impact when using Obscura.

  • Pre-Trade Privacy: Before a trade is matched, no one can access the details of your order. Large trades that would typically impact market prices can now execute discreetly.

  • Post-Trade Privacy: After a trade is executed, only your counterparty knows the details of the assets exchanged. This ensures your strategies remain confidential.

  • Zero MEV: By utilizing zero-knowledge proofs for valid trades, Obscura eliminates the ability of validators or block producers to front-run, back-run, or sandwich your trades.

  • Optional Compliance: While fully decentralized, Obscura allows traders to opt-in to match with counterparties who have verified their identity, meeting DeFi-native compliance needs.

By default, Obscura executes anonymous trades at the theoretically optimal midpoint price. For traders seeking deeper price discovery and liquidity provision, Obscura also offers optional Indications of Interest.

Who Benefits from Obscura?

Obscura addresses the challenges of information leakage in DeFi, offering significant advantages to a variety of traders:

  • Institutional Funds: Takers can cross large orders directly against counter-flow at midpoint prices, avoiding OTC desk spreads.

  • Market Makers: Market makers can anonymously balance inventory with counterparties holding offsetting positions, all without crossing public spreads.

  • Large-Volume Traders: Traders executing $5k+ transactions often face slippage, MEV attacks, and cross-exchange arbitrage losses on traditional DEXes. Obscura guarantees optimal execution with no price impact.

Learn More About Obscura

For an introduction to anonymous pools in the context of DeFi, check out What is an Anonymous Pool. To understand how multi-party computation (MPC) enables private order matching and how it integrates with zero-knowledge proofs (ZKP) for settlement, visit The MPC-ZKP Architecture.

Dive into advanced topics like Indications of Interest and Super Relayers to explore liquidity enhancements, or consult the Obscura Whitepaper for an in-depth protocol breakdown.

Start Trading on Obscura Today

Obscura is live on the Solana mainnet, bringing unmatched privacy and security to DeFi trading.

📍 Explore more: trade.obscura.fi 📩 Reach out with questions:

  • Twitter: @obscuracoin

  • Email: team@obscurafi.com

  • Discord: Join our community for quick support

  • Careers: Build the future of privacy-first trading with us!

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Last updated 1 month ago