Part one of a three-part series on the future of shielded trading. Decentralized Finance (DeFi) is one of crypto’s boldest promises: an open, borderless financial system that anyone can access with nothing more than a wallet and an internet connection. And to be fair, it has delivered. DeFi protocols now hold over $114 billion in value. Billions move daily through decentralized exchanges and perpetuals. Financial primitives like lending, swaps, and synthetic assets are now programmable and pe...

Part one of a three-part series on the future of shielded trading. Decentralized Finance (DeFi) is one of crypto’s boldest promises: an open, borderless financial system that anyone can access with nothing more than a wallet and an internet connection. And to be fair, it has delivered. DeFi protocols now hold over $114 billion in value. Billions move daily through decentralized exchanges and perpetuals. Financial primitives like lending, swaps, and synthetic assets are now programmable and pe...