Hibachi Launches Privacy-First Decentralized Exchange with Celestia and Succinct

Odaily Planet Daily News Hibachi announced that it will jointly launch a privacy-first decentralized exchange with Celestia and Succinct. The platform is based on Celestia's modular data availability layer and uses the zero-knowledge proof infrastructure provided by Succinct to achieve on-chain privacy protection of transaction records, positions and account balances. The platform solves the user privacy issues caused by the disclosure of on-chain transactions from the bottom of the architecture, and realizes the comprehensive encryption and hiding of transaction records, position information and account balances. At present, Hibachi has launched the core perpetual contract trading function, and will successively launch strategy vaults (the first launch is internal custody strategy), native lending markets, multi-asset mortgage mechanisms and spot trading functions in the future to meet user risk management and asset allocation needs. Although the project party has not yet made an official announcement on the issuance of tokens, the market has expected Hibachi to launch native tokens, and the design will focus on trading activity and user participation.