ShapeShift unveils version 4.0, re-centering privacy and self-custody in DeFi

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5 Min Read

ShapeShift, one of many longest-running community-driven multi-chain DEX aggregators, introduced the introduction of its model 4.0 platform replace. This marks a big return to privacy-first self-custody transactions.

In response to a press launch despatched to as an alternativethis replace comes after a yr of steady engineering work and reaffirms the platform’s core values ​​at a time when a lot of the crypto {industry} is transferring towards custodial danger, compelled disclosure, and opaque transaction flows.

Model 4.0 continues ShapeShift’s long-standing dedication to working with out accounts, monitoring, or know-your-customer (KYC) necessities whereas prioritizing personal worth transfers, clearer transaction validation, and elevated consumer management.

The DAO-led platform describes this launch as a concerted try to revive privateness by design throughout decentralized finance.

Zcash performs a key function

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The V4.0 launch is centered across the world distribution of Zcash throughout the ShapeShift platform.

Zcash has lengthy been thought of one of the trusted privacy-focused property within the {industry} and is now the platform’s major privacy-preserving funds and routing asset.

By integrating ZEC instantly into its pockets and routing stack, ShapeShift positions privateness as a default somewhat than an non-compulsory characteristic.

This connection permits customers to commerce and switch property between main blockchain ecosystems comparable to Bitcoin, Ethereum, and Cosmos whereas sustaining full self-control.

Using zero-knowledge cryptography constructed into Zcash goals to carry privacy-preserving know-how into on a regular basis DeFi actions.

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ShapeShift’s technique is to normalize personal transactions inside multi-chain transactions, somewhat than viewing them as outliers or superior options.

Cross-chain execution with NEAR intent

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Along with Zcash, ShapeShift now helps NEAR Intents, a next-generation cross-chain routing mechanism.

NEAR intents permit customers to declare their desired outcomes somewhat than manually sustaining complicated execution paths throughout many blockchains.

This integration will increase the variety of viable routing alternate options for ZEC and different supported property, leading to sooner execution, elevated liquidity availability, and pricing throughout decentralized networks.

Importantly, this framework ensures that customers preserve management all through the transaction course of.

ShapeShift goals to simplify cross-chain transactions whereas sustaining transparency and consumer management, addressing long-standing usability points in decentralized finance.

Ending blind signing with {hardware} pockets help

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The model 4.0 improve additional improves {hardware} pockets compatibility by together with native help for Trezor and GridPlus gadgets.

This integration permits customers to mix {hardware} wallets right into a single decentralized buying and selling surroundings.

This improve permits customers to carry out multi-chain swaps instantly from chilly storage whereas sustaining full perception into transaction particulars.

The transfer is framed as a step towards decreasing reliance on blind signatures, which have grow to be widespread in DeFi however restrict customers’ capacity to confirm on-chain authorization.

By rising the transparency of transaction verification, ShapeShift hopes to deal with what has been characterised as an industry-wide trade-off between safety and ease of use.

Reconfirm the unique spirit

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ShapeShift touts Zcash integration, help for NEAR Intents, and improved {hardware} pockets compatibility as a part of its coordinated privateness push.

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DAO describes the replace as a return to its unique ethos of self-sovereignty by default, privateness by design, and uncompromising decentralization.

Houston Morgan, ShapeShift Progress and group workstream lead, stated blind signing grew to become fashionable as a result of customers had to decide on between safety and usefulness, and he believes that is an {industry} failure.

He stated that by specializing in Zcash, enabling present {hardware} wallets, and rising cross-chain execution, ShapeShift has demonstrated that privateness and transparency can coexist, and that DAO will grow to be the main privateness alternate for the DeFi group in 2026.

In response to Tim Black, Tokenomics Product Lead at ShapeShift DAO, model 4.0 lays the muse for including much more chains, swappers, and options to the group, unlocking new momentum for the platform.

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