GoDark Launches on Solana to Shield Crypto Trades with Dark Pool Privacy

GoDark aims to bring dark pool-style privacy to crypto trading using zero-knowledge proofs.

“Market makers are fleeing public blockchains to protect their secret trading playbooks Crypto trading is almost entirely public”

@coindesk

Denis Dariotis said market makers have to rotate strategies every three weeks because they get copied.

@coindesk

The ambition is a matching engine where nobody in the system can see what they're matching.

Internal testing puts order matching at 25 to 50 milliseconds.

GoDark plans to seed liquidity by having users deposit funds deployed as market-making liquidity.

Crypto's inherent transparency means every order is publicly viewable.

The industry has developed a habit of vilifying market makers when things go wrong.

CoinDesk

Recent scrutiny of Jane Street's involvement in Terra/Luna is an example.

GoDark's privacy model is more absolute than traditional dark pools.

GoDark is structurally incapable of producing a full audit trail.

GoDark faces challenges bootstrapping liquidity and sustaining volume.

“Market makers are fleeing public blockchains to protect their secret trading playbooks Crypto trading is almost entirely public”

CoinDesk

Many DEXes have seen volume collapse once incentives end.

Automated OFAC screening is a gesture toward compliance.

It is unlikely to satisfy regulators pushing for more transparency.

GoDark aims to provide retail users with access to private trading.