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Introduction to Sacred Finance.
What is Sacred?
Sacred believes in challenging Surveillance Capitalism, and privacy is the great equalizer. By working closely with the Community and the Web3 Ecosystem the project strives to create products that are intuitive, easy to use, rewarding, and, most of all, respect their privacy & allow them to maintain control over it.
Sacred is building a DeFi Protocol that strengthens the entire DeFi experience in the security of privacy, by simultaneously integrating other DeFi Protocols under a unified privacy portal (platform) and allowing other projects to use our privacy tools as well.
What is Sacred?
Sacred believes in challenging Surveillance Capitalism, and privacy is the great equalizer. By working closely with the Community and the Web3 Ecosystem the project strives to create products that are intuitive, easy to use, rewarding, and, most of all, respect their privacy & allow them to maintain control over it.
Sacred is building a DeFi Protocol that strengthens the entire DeFi experience in the security of privacy, by simultaneously integrating other DeFi Protocols under a unified privacy portal (platform) and allowing other projects to use our privacy tools as well.
Why use Sacred?
Although traditional mixers aim to privatize your transactions and assets, deposits sit idle and miss out on yields because current privacy solutions require you to keep your funds in money mixer pools for as long as possible (the longer your asset stays in the mixer, the more private your assets will be).
Additionally, to “” This is because the transactions on the new wallets can be used to build a digital model of you which can be tied to your old wallet, through blockchain analysis tools like Chainanalyis.
Sacred brings a novel privacy solution where it solves for assets sitting idle and the need to continually move assets through traditional mixers. By integrating DeFi with mixers, another layer of privacy is provided through Sacred Boxes. When you deposit your assets in a Sacred Box, Sacred interacts with a DeFi partner on your behalf. Since every transaction you make on Sacred goes through a mixer, your depositing and withdrawing addresses are further disassociated which allows for you to continue to maintain your privacy.
Sacred does this through a non-custodial mixer which allows you to earn yield privately by breaking the on-chain link between the depositor's and the withdrawer's addresses utilizing a cryptographic technology called ZK-SNARK (Zero-Knowledge Succinct, Non-Interactive Argument of Knowledge). By leveraging Sacred’s mixer, observers are unable to collect wallet addresses and watch assets moving on blockchain scanner tools like Etherscan.
