- Strategic Partnership: DeFi Technologies partners with Zero Computing to build critical infrastructure, enhancing DeFi Alpha, the Company’s arbitrage trading desk. This partnership aims to improve arbitrage discovery and execution capabilities while advancing zero-knowledge enabled Maximal Extractable Value (MEV) strategies.
- Pomp Podcast: CEO of Zero Computing, Christopher Tam, will be featured on the Pomp Podcast next week to explain the value of zero-knowledge and how it complements DeFi Technologies’ infrastructure business line.
- Enhanced Trading Infrastructure: Leveraging Zero Computing’s advanced zero-knowledge proof capabilities will optimize DeFi Alpha’s algorithmic strategies, improve transaction privacy, and increase operational efficiency.
- Multi-Chain Expansion: Zero Computing will introduce verifiable computation to the Solana blockchain, marking a significant milestone in expanding zero-knowledge proofs across diverse blockchain ecosystems, reshaping the landscape of decentralized finance.
TORONTO, July 30, 2024 /PRNewswire/ – DeFi Technologies Inc. (the “Company” or “DeFi Technologies“) (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF), a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (“DeFi“), is pleased to announce a strategic partnership (the “Partnership“) with Zero Computing, a pioneer in verifiable computation on Ethereum and Solana. This partnership aims to build critical infrastructure to enhance the arbitrage discovery and execution capabilities of DeFi Technologies’ specialized trading desk, DeFi Alpha, and advance capabilities for capturing zero-knowledge enabled Maximal Extractable Value (“MEV“).
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Key Highlights of the Partnership:
- Multi-Chain ZK Proving Platform: Zero Computing has developed an interoperable, chain-agnostic platform for generating zero-knowledge proofs. This platform is positioned to handle proofs on both Ethereum and Solana, with plans to expand to additional chains.
- Unlocking Trading Strategies: The Partnership will focus on developing novel trading strategies to bolster DeFi Alpha trading desk operations for zero-knowledge enabled MEV.
- MEV (Maximal Extractable Value) refers to the maximum value that can be extracted from block production in a blockchain network. This can include transaction fees and arbitrage opportunities available to block producers. Zero-knowledge proofs are a novel form of block production and represent a new paradigm of MEV.
- Vertical Integration: The Partnership aims to vertically integrate the supply chain, making Zero Computing an essential part of novel trading strategies by focusing on the role of generating zero-knowledge proofs.
- Innovative Financial Products: DeFi Technologies plans to leverage Zero Computing’s technology to develop innovative financial products, including zero-knowledge index Exchange Traded Products (“ETPs”).
Integrating Zero Computing Innovations
Zero Computing is pioneering a novel method for extracting MEV using zero-knowledge proofs. This cutting-edge approach offers multiple benefits, including:
- Enabling zero-dollar transaction fees through MEV redistribution
- More efficient utilization of blockspace
- A sustainable economic model for generating zero-knowledge proofs
As the final entity interacting with a block before finalization, Zero Computing plays a crucial role in the zero-knowledge supply chain, making it an essential component in advanced trading strategies.
Expanding Horizons: Bringing Verifiable Computation to Solana
In a significant move, Zero Computing is now leading efforts to introduce verifiable computation to the Solana blockchain designed to enable off-chain execution of complex computations with on-chain verification. This initiative marks a major milestone in the expansion of zero-knowledge proofs across diverse blockchain ecosystems. By integrating these innovative technologies, Zero Computing, in collaboration with DeFi Technologies, is poised to reshape the landscape of decentralized finance.
Enhancing DeFi Technologies’ Trading Infrastructure:
DeFi Alpha has already demonstrated success in generating substantial returns from low-risk arbitrage opportunities within the cryptocurrency market. Since inception in 2024, DeFi Alpha has generated C$133.1 million (US$97.5 million) in cash and digital asset equivalents. By leveraging Zero Computing’s cutting-edge computational technology, DeFi Alpha will further optimize its algorithmic strategies and market analysis processes. This Partnership is expected to enhance the speed and accuracy of identifying arbitrage opportunities, enabling DeFi Alpha to capitalize on market inefficiencies more effectively.
Integrating Zero Computing’s technology will significantly enhance DeFi Alpha’s trading infrastructure. Incorporating advanced zero-knowledge proof capabilities will streamline trading processes, improve transaction privacy, and increase operational efficiency, bolstering the security and robustness of DeFi Alpha’s trading platform and enabling the development of more sophisticated trading strategies.
Additionally, CEO of Zero Computing, Christopher Tam, will be featured on the Pomp Podcast next week to explain the value of zero-knowledge and how it complements DeFi Technologies’ infrastructure business line.
“Our partnership with Zero Computing marks a significant milestone in enhancing our trading capabilities and infrastructure,” said Olivier Roussy Newton, CEO of DeFi Technologies. “By integrating their cutting-edge zero-knowledge proof technology, we are not only improving the efficiency and privacy of our transactions but also paving the way for innovative trading strategies.”
“We are excited to collaborate with DeFi Technologies to bring our advanced verifiable computation solutions to their trading platform,” said Christopher Tam, CEO of Zero Computing. “Our zero-knowledge proof technology will enable DeFi Alpha to optimize arbitrage opportunities with greater speed and accuracy. The Partnership highlights our shared vision of pushing the boundaries of zero-knowledge technology and driving the future of decentralized finance.”
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