Secret Network
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  • 👋INTRODUCTION
    • Secret Network Introduction
    • Secret Network Techstack
      • Private transactions - A quick summary
      • Blockchain Technology
        • Cosmos Basics
        • Tendermint
        • Cosmos SDK
        • IBC
        • CosmWasm
      • Privacy Technology
        • Encryption - Key Management
          • Overview
          • Key Derivation & Encryption Techniques
          • The Initialization Of Secret Network
          • Full Node Boostrap
          • Contract State Encryption
          • Transaction Encryption
          • Consensus seed rotation
        • Trusted Execution Environments  (TEE) —  Intel SGX
          • How Secret Network Uses SGX
          • SGX-SPS Security & Reliabillity
          • Remote Attestation
          • Trusted & Untrusted Core
          • Sealing
        • Private smart contracts - overview
  • 💻Development
    • 🏠Getting Started
      • Setting Up Your Environment
        • Cargo.toml Best Practices (Crates vs Dependencies)
      • Compile and Deploy
      • Running the Application
      • Compile and Deploy on Secret testnet (best for Javascript devs)
      • Fullstack dApp Integration
    • 🤓Secret Contracts
      • Secret Contracts & CosmWasm
        • Framework overview
        • Secret Contract Components
          • Instantiation Message
          • Execution Message
          • Query Message
          • Deps/DepsMut
          • Storage
            • Prefixed Storage
            • Singleton
            • Keymap
            • Append Store
            • Best practices
        • CosmWasm vs Secret CosmWasm
      • Secret Tokens (SNIP-20)
      • Contract - module call
      • Secret contract - Design Space/Features
        • Secret Contracts introduction
        • Gas/Fee usage
        • TPS and scalability
        • Privacy Essentials
        • Access Control
          • Viewing Keys
          • Permits
        • Trusted and untrusted data
        • Secret-VRF - on-chain Randomness
        • Privacy design
          • Mitigate privacy risks - full guide
          • Gas Evaporation & Tracking
        • Confidential Computing Layer
        • Fiat/Crypto Onboarding
        • Account abstraction
        • Fee abstraction
        • Wallet support
        • Bridge (messaging/tokens)
        • IBC (Hooks, PFM, Wasm)
        • Price Oracles
        • Auto Restaking
      • Permissioned Viewing
        • Viewing Keys
        • Permits
      • Cross Contract Communication
      • Submessages
        • get_contract_code_hash
      • Randomness API - Secret VRF
        • Native On-chain randomness
        • Randomness over IBC
      • Execution Finalization
      • Factory Contracts
      • Contract Migration
        • Manual - < v1.11
        • Native - from v1.11
      • Cross-deploy Vanilla CW and Secret Contracts
      • Testing Secret Contracts
        • Unit Tests
        • Continuous Integration
        • Datatype Handling - Uint, floats etc.
    • 👀Secret Contract - Reference, Guides, Examples
      • Starter guide - Millionaire's Problem
      • Reference Contracts
      • Open source dApps
      • Tools & Libraries
        • Network interaction SDKs
          • Secret.js (JavaScript)
          • SecretPy (Python)
          • SecretK (Kotlin)
          • Secret.NET
            • Snippets
              • Deploying a Contract
              • Send Native Coin
              • Query a Contract
              • Create a new Wallet
              • Permits
              • SNIP20
              • SNIP721
          • Shade.Js
        • LocalSecret - Devnet docker
        • Smart contract - Tools/Utils
          • Secret Toolkit
          • CW-Plus
          • Fadroma - SC framework
          • Hidden Gems
          • Other
            • Secret IDE
            • Polar
    • 🖼️Frontend Development
      • Getting Started with SecretJS
        • Usage Examples
          • Sending Queries
          • Sending Messages
          • Contract Migration
          • Wallet Integrations
          • Query Permits
          • SNIP20 (SCRT Tokens)
          • SNIP721 (Secret NFTs)
      • Feegrant
        • Understanding Feegrant allowances
        • Grant allowances
        • Using grant allowances to execute transactions
        • Using the Fee Grant Faucet
    • 📬Deployment Addresses/ API Endpoints
      • Secret (SNIP 20) token contracts list
        • SNIP Asset naming guidelines
      • Connecting to the Network
        • API Endpoints Mainnet (Secret-4)
        • API Endpoints Testnet (Pulsar-3)
        • Usage examples
        • Comparison of endpoint types
      • Create your own SNIP-25 IBC Token
  • Secret AI
    • 🤝Introduction
    • 🏗️Architecture
    • 👩‍💻Secret AI SDK
      • Setting Up Your Environment
      • Running the Application
    • 🪙Economics
    • Smart Contract Reference
      • SubscriptionManager
      • WorkerManager
      • RewardsManager
  • 🌐SecretVM - Confidential Virtual Machines
    • 🤝Introduction
    • 🏗️Architecture
    • ☑️Attestation
      • What is Attestation
      • Obtaining Attestation Data
      • Attestation Report - Key Fields
      • Chain of Trust
    • 🏁Launching a SecretVM
    • 🛠️Managing SecretVM Lifecycle
    • ✅Verifying a SecretVM
    • 💡Best Practices for Developers
    • 📖Glossary
  • 🔓Confidential Computing Layer
    • 🧑‍🚀IBC Developer Toolkit
      • Basics
        • Overview
        • Cross-chain Messaging with IBC Hooks
          • Functions, Methods, and Data Structures
          • Typescript SDK
          • IBC-Hooks
        • IBC Relaying with Go Relayer
      • Usecases
        • Storing Encrypted Data on Secret Network
          • Key-Value store Developer Tutorial
        • Secret VRF for IBC with IBC-Hooks
        • Confidential Voting
        • Sealed Bid Auctions
      • Supported Networks
        • Mainnet
        • Testnet
    • 🤝Ethereum (EVM) Developer Toolkit
      • Basics
        • Overview
        • Connecting Metamask to Secret Network
        • SecretPath + Reown integration
        • Cross-chain Messaging
          • SecretPath
            • Architecture Overview
            • Detailed Architecture
            • SecretPath Developer Tutorials
            • Public EVM Gateway Architecture
            • How to deploy SecretPath on your chain
          • Axelar GMP
            • Architecture Overview
            • Axelar GMP Developer Tutorial
      • Usecases
        • Storing Encrypted Data on Secret Network
          • Key-Value store Developer Tutorial
        • Sealed Bid Auction
          • Sealed Bid Auction Developer Tutorial
        • Confidential Voting
          • Confidential Voting Developer Tutorial with SecretPath
        • VRF
          • Implementing VRF into any EVM Contract
          • VRF Developer Tutorial
          • Performance figures of SecretVRF vs competitors
          • Using encrypted payloads for VRF
          • Converting from Chainlink VRF to Secret VRF in four steps
        • Confidential Document Sharing
        • Tokens
          • From EVM to Secret
      • Supported Networks
        • EVM
          • EVM Mainnet
          • EVM Testnet
          • Gateway Contract ABI
        • Secret Gateway
          • SecretPath mainnet (secret-4) contracts
          • SecretPath testnet (pulsar-3) contracts
    • 🙌Solana Developer Toolkit
      • Usecases
        • Storing Encrypted Data on Secret Network
          • Key-value Store Developer Tutorial
        • VRF
          • VRF Developer Tutorial
      • Program IDs
        • Solana Mainnet & Testnet
        • Gateway Contract IDL
  • 🤫Overview, Ecosystem and Technology
    • 🚀Secret Network Overview
      • The SCRT coin
      • Private Tokens
      • Use Cases
        • Decentralized Finance (DeFi)
        • Art And Digital Media
        • Gaming
        • Data Privacy
        • Payments And Transactions
        • Communication
      • The technology
      • History
      • Roadmap (Core development)
        • Secret 2.0
      • Where To Buy SCRT?
      • Using the Testnet
    • 🐸Ecosystem Overview
      • Wallets
      • Applications
      • Explorers & tools
      • Funding
        • SCRT Labs Grants
        • Dilutive funding/VC raise
        • Community Pool
        • Developer bounties
          • SCRT Labs bounties [on-hold]
          • CCBL [on-hold]
          • CCR [On-hold]
        • Application specific
          • Shade Grants
      • Contributors & Entities
        • Validators
        • SCRT Labs
        • Secret Foundation
        • Secret Committees
          • Support
          • Governance
      • Secret Network Dictionary
  • 🔧Infrastructure
    • 🔓Use SecretCLI
      • Secretcli vs. Secretd
      • Install
      • Configuration
      • Address Types
      • Key Types
      • Generating Keys
      • Viewing Keys
      • Query Transactions
      • Send Tokens
      • Multisig Keys
      • Multisig Transactions
      • Transaction Broadcasting
      • Fees & Gas
      • Fee Distribution
      • Secret Contracts
      • Slashing
      • Minting
      • Delegating
      • Restake
      • Nodes
      • Governance
        • Creating Governance Proposals
        • Query Proposals
        • Deposits
        • Voting
    • 🔐Use Ledger hardware wallet
      • 🔐Ledger with SecretCLI
    • 🖥️Running a node/validator
      • Setting up a node/validator
        • Hardware setup
          • Hardware Compliance
          • VPS/Bare-Metal Compliance
            • Leaseweb Setup
            • PhoenixNAP Setup
            • Psychz Setup
            • nForce Setup
            • Vultr Setup
            • OVHCloud Setup
            • Microsoft Azure Setup
          • Patching your Node
          • Enclave verification
          • Registration troubleshooting
        • Testnet Setup
          • Install SGX
          • Install secretd
          • Setup Full Node
          • Testnet State Sync
          • Becoming a Testnet Validator
          • Installing CLI & Creating A New Address
        • Mainnet Setup
          • Install SGX
          • Install secretd
          • Setup Full Node
          • Quicksync / Snapshot
          • Statesync
          • Becoming A Validator
          • Installing CLI & Creating A New Address
      • Maintaining a node/validator
        • Slashing information
        • Migrating a Validator
        • Troubleshooting
        • Validator Backup
        • Server security
          • SSH authentication
          • Server configuration
          • Uncomplicated-Firewall (UFW)
          • Local CLI
        • Node Monitoring
          • Prometheus
            • Environment Preperation
            • Install Node Exporter
            • Install Prometheus
            • Configuring Prometheus
          • Grafana
            • Install Grafana
            • Grafana Dashboard
            • Next Steps
          • Docker
            • Install Docker
            • Configuration
            • Start Containers
            • Grafana Dashboard
            • Application Ports
            • Stop Containers
          • Goaccess
            • Install Goaccess
            • Setup Goaccess
        • Helpful commands
          • Query Validators
          • Bond Tokens
          • Withdraw Rewards
          • Query Delegations
          • Unbond Tokens
          • Query Unbonding-Delegations
          • Redelegate Tokens
          • Query Redelegations
          • Query Parameters
          • Query Pool
          • Query Delegations To Validator
      • API Noderunning
        • Running Multiple Nodes on the Same Server
        • Node Loadbalancing using Nginx
          • Setup Nginx
          • Example Nginx config
        • Using Auto heal to improve cluster uptime for Nginx
      • Sentry and Archive nodes
        • Mantlemint
        • Sentry Nodes
        • Archive Nodes
    • ⛓️IBC Relayers
      • Hermes
      • RLY
      • IBC channel database
    • 🆙Upgrade Instructions
      • v1.13
      • v1.12
      • v1.11
      • v1.10
      • v1.9
      • v1.8
      • v1.7
      • Shockwave Omega v1.6
      • v1.5
      • Shockwave Delta v1.4
      • Shockwave Delta v1.4 (Testnet)
      • Shockwave Alpha v1.3
      • Cosmovisor
      • Vulcan Network Upgrade (OLD)
    • ☠️Postmortems
      • SNIP-20 leaks
      • xApic
      • Secpk-Verifications Bloat
      • Earn Contract Exploit
      • Testnet Halt 95
    • ✍️Contribute to the documentation
      • Report Bugs
      • Suggest Enhancements
      • First Contribution Guide
      • Pull Request Templates
        • Update Documentation
        • Bug Fix
        • Improve Performance
        • Change Functionality
      • Style Guide
    • 🌊Versioning & Changelog
      • Secret Network v1.13
      • Secret Network v1.12
      • Secret Network v1.11
      • Secret Network v1.10
      • Secret network v1.9
      • Secret Network v1.7/1.8
      • Secret Network v1.6
      • Secret Network v1.5
      • Secret Network v1.4 (CosmWasm 1.0)
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On this page
  • How Secret Solves MEV
  • Future DeFi landscape on Secret
  • Dark Pools

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  1. Overview, Ecosystem and Technology
  2. Secret Network Overview
  3. Use Cases

Decentralized Finance (DeFi)

PreviousUse CasesNextArt And Digital Media

Last updated 1 year ago

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The blockchain space has seen a lot of innovation since DeFi summer in 2020. However, public blockchain is still struggling with MEV (Miner Extractable Value) and de facto anyone swapping through AMMs are subject to front-running or sandwich attack. More than $611million was .

How Secret Solves MEV

These problems are solved with Secret by having an encrypted state and a validators set which know nothing about the transactions they are processing.

You will be able to use the standard DeFi primitives such as lending, borrowing and providing liquidity in pools without revealing your liquidation targets, your position size or your strategies as all your interactions are private.

Future DeFi landscape on Secret

Let’s now talk about what could be built on Secret (or what’s being built).

We could have a private credit scoring enabling you to borrow more with less collateral or even without.

Borrowing stablecoins against your assets and providing liquidity on an AMM on Secret or on Cosmos chain through IBC smart contract call, all of that privately is opening the field of new revenue opportunities.

Secret could also enable DAOs treasury assets and farming positions to only be visible to the DAO community.

Shade Protocol is launching an algorithmic stablecoin (SILK) pegged to a basket of currencies and commodities for maximum volatility shock absorption.

Learn more -->

Dark Pools

Large investors are using dark pools in traditional finance for huge transactions. They are then subject to front-running from High-Frequency Trading firms. Private dark pools on Secret could lead to a massive amount of liquidity exchanged and finally provide foundations for the institutions and big players to enter the DeFi space with Secret.

Source:

More about DeFi dApp on Secret? - - -

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collected in MEV since January 2020
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