📩Private wrapped tokens
Last updated
Last updated
The fundamental feature that safeguards user privacy is the provision of private wrapped tokens, each of which is fully collaterized at a 1:1 ratio with its original backing token. Users have the flexibility to convert their original tokens into private wrapped tokens and reverse the process as needed.
Private wrapped tokens adhere to the ERC20 standard, much like conventional tokens. The key distinction lies in their adherence to privacy-preserving protocols, ensuring they do not generate events that compromise privacy, such as Transfer or Approve.
To access the balance or allowance data of specific private wrapped tokens for a given user, a reader must obtain authorization from the token holder.
All liquidity within the illumineX platform is maintained in the form of private wrapped tokens, further reinforcing our commitment to privacy and security.
