Penumbra is a secure cross-chain network that empowers users to engage in transactions, staking, swapping, and market-making without exposing their personal information. It serves as a protective enclave within the Cosmos ecosystem, enabling the confidential recording of various assets within a single shielded pool. The network ensures value remains shielded during cross-chain IBC transfers, enhancing privacy and security.

This funding will be used to incubate Penumbra, a fully shielded layer-1 network within the Cosmos ecosystem. Penumbra brings privacy to proof-of-stake, allowing users to transact, stake, swap, and marketmake without disclosing their personal information, account activity, or trading strategies to the entire world – while still permitting selective disclosure to appropriate parties.

Penumbra

Penumbra is a secure cross-chain network designed to prioritize user privacy within the Cosmos ecosystem

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