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۟Profile· Questionable@MyntUSDOn Ethos
Mynt (privacy szn)
2 reviews, 100% of them positive.100% positive · 2 reviews· Influence factor 2, above 0% of accountsWhat people say
Received · 2Given · 0“Where stablecoin meets ZK”Both privacy and stablecoins are essential when it comes to onboarding Web2 users to Web3. Mynt offers USDm, a stablecoin powered by ZK, provided by the succinct prover network, offering a new generation of stablecoins that are verifiable, composable & safe, especially on a fast blockchain like monad. There are estimates that by 2030, the stablecoins market cap will be worth more than $3 trillion, which is why I see massive potential in Mynt & USDm.
Skies · 1341· 1y ago3
Skies · 1341· 1y ago3“Intriguing Zero-Knowledge Stablecoin Experiment (powered by Succinct's SP1)”USDm lets you prove you own tokens and use them across DeFi without actually moving them or revealing your transaction history - which is pretty wild if it works as advertised. The zero-knowledge proof integration means you could theoretically use the same locked balance across multiple protocols simultaneously, solving real capital efficiency problems that exist today. The technical approach using Succinct's SP1 seems solid and they're claiming easy developer integration, which would be huge for adoption. That said, this is complex stuff with new trust assumptions, so while the concept is exciting, I'd want to see how it performs in practice before going all-in.
Bitduke · 1241· 1y ago3
Bitduke · 1241· 1y ago32 of 2 · most upvoted first