Privacy DeFi Vault, Zama is already taking shape. Currently, several major Vaults have a TVL of $40-50 million each, totaling around $300 million. This time, 5 new asset vaults have been launched: USDC, USDT, AUSD, WBTC, and tGBP, all of which come with incentives. Zama focuses on institutional privacy needs, allowing institutional funds to enter DeFi on public chains without fully exposing their positions. Alongside this, Zama Swap has also been launched, supporting swaps between confidential assets, where trading intentions and sizes remain undisclosed. Private DeFi is coming.