
← The Edge Podcast15 sep · 54 min
Private DeFi Is Coming: Why Privacy Is Ethereum's Next Frontier | Lean Ethereum
<p>Thomas Thierry is a Researcher at the Ethereum Foundation.</p><p>Every transaction you make onchain is trackable. And most of us have just accepted that as normal, but we shouldn't have to!</p><p>In this next episode of our Lean Ethereum series, Thomas walks through what's actually broken with privacy today, how Ethereum is getting closer to native private transactions, and what private DeFi will actually look like for end users. He also covers how Ethereum compares to Zcash, why privacy is essential for institutional adoption, and why being unstoppable as a network goes hand-in-hand with privacy.</p><p>------<br>💎 THIS EPISODE'S SPONSORS</p><p>🔒 <a href="https://kpk.io/" target="_blank" rel="ugc noopener noreferrer"> KPK</a> | Best risk-adjusted yield through automated vaults<br></p><p>🏦 <a href="https://app.axis.to/origin/EDGE" target="_blank" rel="ugc noopener noreferrer"> AXIS</a> | The Origin Vault launched on Ethereum<br></p><p>🌐 <a href="https://link.re.xyz/the-edge-1" target="_blank" rel="ugc noopener noreferrer"> RE</a> | Earn real yield backed by regulated reinsurance programs<br></p><p>🟠 <a href="https://apyx.fi/" target="_blank" rel="ugc noopener noreferrer"> APYX</a> | The first dividend-backed stablecoin (DBS)<br></p><p>🐡<a href="https://institutional.puffer.fi/" target="_blank" rel="ugc noopener noreferrer"> PUFFER INSTITUTIONAL</a> | ETH staking solutions for scale<br></p><p>------<br>⏱️ TIMESTAMPS</p><p>0:00 - Intro<br>2:31 - Why Ethereum?<br>5:11 - What is broken with privacy today?<br>6:52 - What should be private in DeFi?<br>11:50 - The call for privacy runs deep in Ethereum<br>15:05 - How Ethereum gets native private transactions by next year<br>20:53 - The importance of FOCIL for Ethereum<br>26:51 - When will private DeFi be ready on Ethereum?<br>30:58 -Network-based privacy vs protocol-based vs wallet-based privacy<br>35:04 - What is unique about Aztec’s approach to privacy on Ethereum?<br>38:14 - How will private DeFi on Ethereum compare to Zcash?<br>41:22 - What will privacy mean for institutional investors?<br>43:36 - The challenge with network meta data and privacy<br>45:44 - Lack of privacy today vs future private UX on Ethereum<br>51:22 - Closing</p><p>------<br>🔗 GUEST LINKS</p><p>► Ethereum Research website: https://ethresear.ch/<br>► Thomas Thierry on X: https://x.com/soispoke</p><p>------<br>🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER</p><p>► Newsletter: https://the-edge.xyz<br>► Apple: https://