As interest explodes in anonymous peer-to-peer (P2P) lending and decentralized finance (DeFi), two tech companies are teaming up to build out a project to provide zero-knowledge proof (ZKP) oracle data to smart contracts.
LibertyPie offers a non-custodial, permissionless, and autonomous P2P exchange and DeFi protocol designed to provide users with a completely anonymous platform for buying and selling select cryptocurrencies instantly and securely.
To support data transactions associated with their zero-knowledge proof project, the company is partnering with Zoracles, a provider of confidential data to smart contracts to partners with DeFi projects using Open Oracle with ZKP.
Zoracle’s oracle solution works by randomizing data sources and then relying on cryptography to verify the transactions trustlessly, allowing for completely anonymous, private, and secure transactions.
The goal is to mitigate the risks associated with DeFi transactions while allowing for truly private transactions.
“Until recently, privacy was a myth,” said Abhishek K., a spokesperson for LibertyPie. “With LibertyPie, truly private transactions are now possible.”
LibertyPie was created to address the problems associated with centralized P2P exchanges, including limited user access and increased exposure to fraudsters. The platform is accessible to every user fully and without restrictions while also offering security measures that keep trades safe from fraud.
The LibertyPie protocol is the product of a community-based project using the decentralized autonomous organization (DAO) structure of governance, with XPIE as their official governance token. XPIE holders are able to make proposals or vote on network upgrades.
With the LibertyPie platform, first introduced in 2020 on the Ethereum and Binance Smart Chain (BSC), users can access a truly trustless, non-custodial, and smart-contract-based P2P exchange. The robust P2P trading network also features cross-chain asset support, an escrow system, a reputation ranking system, a fraud protection mechanism, and much more, with support for more than 180 local currencies.
“Cryptocurrency traders worldwide have yearned for privacy-based markets for so long,” said Zak R., another spokesperson for LibertyPie. “Our goal with LibertyPie is to provide exactly that.”
Follow the company on Twitter at https://twitter.com/liberty_pie
For more information about Zoracles, go to https://zoracles.com