THORChain's Rujira Network Welcomes Redacted, Boosting Privacy and Facilitating Native Transactions of Bitcoin ($BTC), Ethereum ($ETH), and Ripple ($XRP)

Laid-Back Lowdown on THORChain's Privacy Upgrade

On the 10th of June, the cat's outta the bag—Redacted's steppin' up to join forces with THORChain's unified app layer, Rujira. This partnership aims to ramp up the privacy game for native Bitcoin, Ethereum, and Ripple transactions, all runnin' on THOR's blockchain and boastin' over $150 mil in liquidity. Here's the scoop on what's shakin' down!

Redacted's Privacy Tools for Concealed Transactions and Ace Regulatory Compliance

Redacted's privacy wizardry will be woven into the Rujira interface, but it'll remain an independent protocol layer. The juicy features include secret account creation and snazzy fund transfers. Users can toggle 'em on with a single click, keepin' on-chain operations slick with privacy elements that comply with regulations. Got extras? Viewin' keys, flexible compliance checks, and an OFAC exclusion list keep auditors at bay and cover all bases. It's about stayin' private without havin' to break the rules. Developers can even slot these bad boys into other on-chain apps with ease. Constructive critiques from fellow degen-financiers will shape future updates and improvements.

Redacted Stands Alone on Rujira, autonomous Governance Included

When Redacted joins the family, it don't become a full-fledged Rujira member. It'll run on the core Rujira applications but maintain its own governance structure. Keep your eyes peeled for the launch of RED tokens through the RUJI Launchpad model—a 50k token swap and stakin' pact keeps RUJI and RED on the same page. This arrangement keeps Redacted free-wheelin', but share the same motivations. This setup could spark more collaborations across platforms. Governance provisions keep each protocol's business separate and transparent.

Redacted's Token Rewards and Ronin NFT Swag

Redacted spills the beans on how future profits will be divided among stakeholders. Half the dough comes from Rujira and outposts and heads to RED token holders. The other half ain't 'bout to be left out—it goes to folk who own Ronin NFTs. The Ronin NFT line, formerly on Terra, is hoppin' over to Rujira for some tradin' action through the RUJI Collections interface. Early supporters get a second chance following the Terra market crash. This revenue split's designed to award active users and collectors equally.

The Raging Debate over DeFi Privacy, with Heavyweights Endorsin' Shielded Transactions

The launch arrives at a time when DeFi privacy is front and center. Binance's big boss, CZ, suggested dark pool DEXs using zero-knowledge proofs to hide massive trades from ambushin' and slippage. Plus, Vitalik Buterin slid nearly 700 ETH and 340K USDC into Railgun privacy pools, and the Ethereum Foundation has been explorin' tools to block creepy crawlies. Bigwigs like 'em brave these waters, signalin' a trend towards safer, undercover financial systems. With this collab, Redacted's privacy perks bolster the THOR blockchain ecosystem, solidifyin' THOR's stance in the pro-privacy DeFi movement.

Redacted's Privacy Tools will be integrated into the Rujira interface, functioning as an independent protocol layer for secret account creation and confidential fund transfers.
These privacy features, which comply with regulations, can be activated with a single click, ensuring on-chain operations maintain privacy while adhering to regulations.
The forthcoming RED tokens will be launched through the RUJI Launchpad model, with a 50k token swap and staking agreement aligning RUJI and RED's interests.
Redacted, while running on the core Rujira applications, will maintain its own autonomous governance structure, potentially fostering collaborations across platforms.
Half of the profits generated by Rujira and its outposts will be distributed to RED token holders, while the other half will be allocated to owners of Ronin NFTs.
The Ronin NFT line, formerly on Terra, is transferring to Rujira for trading action through the RUJI Collections interface, offering early supporters a second chance following the Terra market crash.
The collaboration between Redacted and THORChain comes at a time when DeFi privacy is gaining prominence, with figures like Binance's CZ advocating for dark pool DEXs and Vitalik Buterin investing in privacy pools, indicating a growing trend toward safer, concealed financial systems, further solidifying THOR's stance in the pro-privacy DeFi movement.

THORChain's Rujira Network Welcomes Redacted, Boosting Privacy and Facilitating Native Transactions of Bitcoin ($BTC), Ethereum ($ETH), and Ripple ($XRP)