The privacy sector, especially privacy DeFi, has a much larger cake to offer for institutional (B-side) demand compared to individual (C-side) demand. The path for privacy blockchains to grab a slice of the cake often involves building an entirely new execution environment from scratch. However, this leads to issues like immature new chain technology, fragmented liquidity, weak composability, and products that struggle to meet institutional user needs. But what if liquidity remains within blue-chip DeFi protocols like @Morpho, risks are still managed by high-reputation curators like @SteakhouseFi, and assets continue to be mainstream currencies like USDC/USDT/WBTC—while simply adding a layer of confidential packaging at the entry point? Wouldn't that perfectly address the compatibility needs of institutional users? This is exactly the cake-grabbing path @zama is pursuing. Instead of deploying its own privacy blockchain to rebuild the entire privacy market, it’s layering a universal HTTPS-like solution on top of existing blockchains. Zama plans to scale this model across the board just three months after launching its first confidential vault in collaboration with Morpho/Steakhouse. The intention to quickly capture market share in the privacy DeFi space is already crystal clear.