One thing I like about what @zama is doing is that it doesn’t ask DeFi to rebuild itself around privacy. It adds confidentiality to the rails that already exist. In June, its first confidential USDC vault went from $0 to $40M TVL in 7 weeks. Today that expands to 16 vaults, 5 curators and 5 assets, alongside the Zama Swap Protocol. Same venues. Same strategies. But deposits, positions and swaps can now stay off the public record. A much cleaner path to getting larger capital onchain. Basically HTTPS for public blockchains. http://app.zama.org