Privacy technology company Zama has launched a DeFi yield platform that lets users wrap major crypto assets including USDC, USDT and WBTC into privacy tokens called cTokens. According to Techub News, the wrapped assets can still be used for on-chain transfers and DeFi activity after conversion, with the product positioned as an on-chain privacy solution.
The platform is described as an on-chain version of a "Coinbase Prime"-style service. Its core pitch centers on trust, convenience and privacy, with the stated aim of serving institutions and whale users seeking more private ways to manage assets on-chain. The update was cited by @ai_9684xtpa.
Privacy technology company Zama has launched a DeFi yield platform that allows users to wrap major assets such as USDC, USDT and WBTC into privacy tokens known as cTokens, according to Techub News.
Wrapped assets remain usable in on-chain activity
After wrapping, the cTokens can still be used for subsequent on-chain transfers and DeFi activity. The platform is intended to offer an on-chain privacy solution.
Aimed at institutions and whale users
The product is described as an on-chain version of a "Coinbase Prime"-style service, with an emphasis on trust, convenience and privacy to meet the asset privacy management needs of institutions and whale users. The update was attributed to @ai_9684xtpa.
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