Odaily Planet Daily News: Hibachi announced the launch of a privacy first decentralized exchange in collaboration with Celestia and Succinct. The platform is based on Celestia's modular data availability layer and utilizes Succinct's zero knowledge proof infrastructure to achieve on chain privacy protection for transaction records, positions, and account balances. The platform solves the user privacy issues caused by on chain trading openness from the bottom layer in terms of architecture, achieving comprehensive encryption and hiding of transaction records, position information, and account balances.
At present, Hibachi has launched core perpetual contract trading functions, and in the future, it will gradually launch strategy vaults (initially launched as internal custody strategies), native lending markets, multi asset collateral mechanisms, and spot trading functions to meet user risk management and asset allocation needs. Although the project team has not yet made a formal announcement on the token issuance, the market has anticipated that Hibachi may launch a native token, and the design will focus on trading activity and user engagement.
