Enclave Markets Brings Encrypted Trading to Every DeFi User

Enclave Markets is bringing bullet-proof privacy to the world of decentralized perpetuals trading with the launch of what it says is the industry’s first permissionless, fully-encrypted exchange or FEX platform.

Aimed at decentralized finance traders who demand the utmost confidentiality in their trades, EnclaveX executes all of its trades within a “battle-tested architecture”, where every transaction is cryptographically protected within secure enclaves, preventing any data leakage. As a result, its platform is immune to MEV and front-running attacks that eat away at the profits of honest traders.

The company adds that its infrastructure is secured by a network of independent attestors, including the likes of Ava Labs, Blockdaemon and Republic Crypto, further boosting its security. Those attestors work together to review updates to the platform’s code and ensure everything is running as it should.

Besides its industry-leading privacy, EnclaveX has all of the features one has come to expect from a top-tier perpetuals exchange, with cross-chain capabilities, low-latency transactions, deep liquidity and an array of advanced trading tools. It supports USDC across Layer-1 blockchains including Ethereum, Avalanche and Solana, and plans to add many more L1s and Layer-2 networks in the weeks to come, enabling users to trade seamlessly across networks without worrying about manually bridging their funds.

According to Enclave Markets Chief Executive David Wells, the idea is to put professional-grade execution into the hands of every crypto user, so they can engage in encrypted, high-performance permissionless trading.

Although not quite ready, traders will soon be able to access an additional feature on EnclaveX called Alpha Strats, which provides access to the strategies of leading hedge funds and elite traders that anyone can access. Once this feature goes live, any trader will be able to engage in more sophisticated trading strategies, using structured trades and algorithmic execution to enhance their performance, regardless of the market conditions. It’s part of Enclave Market’s mission to allow anyone to benefit from the expertise of hedge funds and other professional traders.

More broadly, the launch of EnclaveX marks the compilation of phase one of the company’s roadmap. Going forward, Enclave Markets will now focus on democratizing its protocol as part of a planned shift towards community ownership, as well as the rollout of a trader rewards program. Planned incentives include trading fee rebates and enhanced governance rights as well as a potential token distribution, with more details set to be revealed in a few week’s time.

The company also operates a permissioned, institutional-grade FEX platform that allows investors to engage in spot trading with instant liquidity, as well as over-the-counter trades for much larger swaps. The institutional platform utilizes Enclave Cross, a fully-encrypted crossing network that matches counterparties at the bid-ask midpoint, without revealing trade positions on a public orderbook, ensuring full secrecy and zero slippage.