@inproceedings{974aca405893497bb0aa07095894c11f,
title = "Implementation and preliminary evaluation of an auditable confidentiality mechanism for DeFi",
abstract = "A well-known use of the blockchain technology is Decentralized Finance (DeFi). DeFi makes financial information accessible to the public but raises potential privacy and security issues. In this study, we implemented a DeFi protocol that protects privacy, which is based on the Mystiko.Network protocol. As a proxy between the user and DeFi platforms, the Mystiko.Network protocol offers an auditable confidentiality mechanism for blockchain transactions. Via the new system, users may submit anonymous DeFi transactions and get income back into a shielded tokens pool. Moreover, we implemented a rollup approach to handle anonymous DeFi transactions in groups. The evaluation results suggest that the protocol is both practical and affordable, in fact it is able to save around 90% of the cost for DeFi transactions.",
keywords = "DeFi, Privacy, Zero-knowledge Proof",
author = "Li, {Ao Xuan} and Tang, {Su Kit} and Gabriele D'Angelo",
note = "Publisher Copyright: {\textcopyright} 2023 IEEE.; 43rd IEEE International Conference on Distributed Computing Systems Workshops, ICDCSW 2023 ; Conference date: 18-07-2023 Through 21-07-2023",
year = "2023",
doi = "10.1109/ICDCSW60045.2023.00015",
language = "English",
series = "Proceedings - 2023 IEEE 43rd International Conference on Distributed Computing Systems Workshops, ICDCSW 2023",
publisher = "Institute of Electrical and Electronics Engineers Inc.",
pages = "49--54",
booktitle = "Proceedings - 2023 IEEE 43rd International Conference on Distributed Computing Systems Workshops, ICDCSW 2023",
address = "United States",
}