Launches Initial Privacy Web Application with Lightning-Fast Verification Speeds for Arbitrum and Aleph Zero EVM Chains
New and Improved: Common, Your Privacy-First DeFi Solution
Get ready to dive into the world of cryptocurrency with ease and privacy! Common, a groundbreaking DeFi platform, has launched a Web App, setting a new standard for crypto anonymity. Collaborating with Common Labs Inc., this privacy-focused platform will soon unleash a mobile version, becoming the first of its kind in the crypto sphere.
Built on Aleph Zero's infrastructure, Common delivers a user-friendly interface that securely conceals your transaction history across multiple blockchains in mere seconds. Say goodbye to lengthy waits and tech headaches—Common promises a hassle-free experience for all.
At the heart of Common's allure is "Shielding," the process of stashing your tokens in a secret pool to disconnect your public wallet activity from future transactions. When you need to withdraw, simply unshield your funds to a fresh address, maintaining your privacy throughout. Thanks to on-device, subsecond proving times, Common delivers smooth privacy without compromising speed. Best of all, it keeps your funds separate, ensuring full provenance if needed for compliance or auditing purposes.
"Privacy isn't a luxury in crypto; it should be the norm," says Adam Gagol, Co-Founder of Aleph Zero and Co-Creator of Common Labs Inc. "We've been working tirelessly to create the technological foundation to make this possible. With Common, we're finally delivering it—a simple, accessible solution that keeps your transactions private, without plugins, without trust, and without needing a middleman."
Privacy on the go at your fingertips
The Common Web App works seamlessly with popular wallets like MetaMask, Ledger (via MetaMask), or Rabby, making it easy for you to jump right in. Prefer mobile? Get ready for the Mobile App launch at the end of May, offering a mobile-native experience with fiat on-ramp support via Banxa and effortless dApp connectivity.
As a non-custodial platform built on open-source, audited smart contracts, Common embodies the essence of DeFi. Establish trust, not assumptions—verify the system for yourself.
Privacy that just works
This is only the beginning for Common. Future updates will introduce:
- Shielded Yield: Earn rewards on your shielded assets through integrated strategies, all without exposing your wallet activity.
- Smart Yield: Automated strategies to help you achieve optimal returns, hassle-free.
- Staking Rewards: Rewarding platform contributors by distributing a share of privacy fees and success fees to stakers.
- Multichain Privacy: Expanding privacy support to popular EVM chains like Sonic, Berachain, and Monad; and emerging Layer-2 networks.
- Privacy Bridging: Simplifying multi-chain management by facilitating private asset transfers between supported blockchains.
- Improved Fiat Access & Payments: Streamlining access to/from TradFi via off-ramps, IBAN support, and crypto payment cards for everyday use.
Find out more and sign up for early access by visiting https://common.fi/
About Common
Common is a privacy-obsessed DeFi platform that makes financial privacy attainable for everyone. Leveraging Aleph Zero's Shielder Network, Common offers both web and mobile apps that let users shield their assets, earn private yields, and transact securely across multiple blockchain networks. With an intuitive design, fiat on-ramps, and decentralized architecture, Common brings the simplicity of fintech to the values of decentralized finance, empowering users to maintain control over their privacy.
Contact
Ana [email protected] Here
Sources:
[1] Common Website: https://common.fi/
[2] Common Whitepaper: https://common.fi/whitepaper/
[3] Aleph Zero Website: https://alephzero.org/
[4] Aleph Zero Whitepaper: https://alephzero.org/ALEPH_ZER0-WHITEPAPER-v1.0.pdf
- As a native user of Common's mobile app, scheduled to launch at the end of May, you'll have the advantage of fiat on-ramp support via Banxa and effortless dApp connectivity, streamlining your investing experience in the DeFi realm.
- Common's web app, currently available, is configured to work seamlessly with popular wallets like MetaMask, Ledger (via MetaMask), or Rabby, making it easy for you to access DeFi services with a focus on privacy.
- Common's groundbreaking Shielding technology allows you to invest in Ethereum or other cryptocurrencies while ensuring your wallet activity is disconnected from future transactions, providing a layer of privacy that is essential in the crypto world.
- The upcoming development of Shielded Yield on Common's platform will enable you to earn rewards on your shielded assets, all while maintaining your privacy—a game-changer for those prioritizing financial security.
- In the future, Common aims to expand its privacy support to popular EVM chains like Sonic, Berachain, and Monad; and emerging Layer-2 networks, providing a universal shielding solution for finance and investing in the decentralized technology arena.
