DISCLAIMER: A lot of the information included in this article is speculative and is in no way a plan or promise for the future development of Void Protocol.

As the creators of Void Protocol, an application designed provide financial anonymity and freedom, the team have certain aspirations and hopes for the future direction of Void. While the current team will surely be active in the management and operation of the platform for years to come, within a year after Void launches, it will be a fully Decentralized Autonomous Organization (DAO). So, while we have hopes and dreams for what we would like to see Void become, we will only have a certain voting power to make that happen.

DAO

Firstly, and perhaps most importantly, we want Void to have a strong, knowledgeable community who are invested in the success of the platform. This doesn’t just mean to do the most to make ‘number go up’, but for the base structure of the platform to be solid, secure and user-friendly. Void is not a protocol made for short-term gains. We are here to provide an important and necessary service, and as long as our application is easy to use, secure and accessible, value will be intrinsic.

We hope that these valued community members will make up enough of the DAO that Void will always have a responsible base of voters that will always make decisions in the best interests of the platform and Void’s core values.

Core Values

That brings us to the next point, Void’s core values. These are: Privacy, Decentralization, Opportunity Cost and Interoperability. We will always do our best to ensure these values are respected and hope that the DAO will always make decisions with these values in mind.

For Void, privacy is paramount. Without privacy, there is no Void. It goes without saying that we want Void to always be secure and provide a lasting solution to the transparency that is public blockchain.

In the realm of online finance and the attempt to make our blockchain transactions private, decentralization is just as important as privacy. For, without decentralization, the system cannot be 100% secure. Our implementation of Zero-Knowledge proofs within Void were a major hurdle that we have overcome. Without ZK, a privacy application must store user and transaction data, creating a centralized weak point which can be exploited. Therefore, we envisage that Void will always operate in a transparent and decentralized manner.

While privacy and decentralization are the top priorities for Void, reducing opportunity cost is an important incentive for Void to gain and reward its users. There are already several privacy options available in the Cosmos ecosystem and in crypto in general, so, to remain enticing to users, the Void DAO must always search for the most attractive yet secure and risk adverse yield opportunities available. We will launch with yield-earning strategies in place for the tokens we are launching with ($OSMO, $ATOM, $USDC), but strategies will need to be decided for any new tokens the DAO decides to support in the future, as well as potentially changing strategies in place to less risky or higher yield options.

Finally, in regards to our core values, interoperability plays a big factor in the future of Void. With our move to Osmosis, we have already made a huge step forward in this sense. From here, we will have the ability to service all IBC-enabled currencies in the Cosmos ecosystem. We aspire to have Void Anonymity Pools (VAPs) for all major Cosmos currencies and yield options for each of those pools. And ideally, the TVL and transaction volume of all of our pools will get to the point where they are high enough that privacy can be achieved in very short periods of time, so opportunity cost is reduced even more.

Wacky Conceptions

This is where we get into the much more speculative section. These are ideas that we would love to see happen with Void and DeFi in general, but we do not even know if they will ever be possible. These ideas rely heavily on tremendous success for Void and more mainstream crypto adoption worldwide, both of which rely on the public to learn about and understand the implications of a world without financial privacy and/or decentralization. The following ideas are things that we think would be really cool, but have no intention of actively pursuing in the near future. Now, enough with the disclaimers.

Possibly the most achievable (if at all) idea is to gain immediate access to anonymized funds via the future yield of your VAP deposit. This function would give users the option, when depositing their funds into a VAP, to lock those funds for a certain period of time and gain immediate access to the yield that their funds would earn over that time. Numbers just for example’s sake — say you deposited $10,000 USDC into the VAP and locked it for 1 year. If the APR of that pool was 10%, you would immediately receive $1,000 of already anonymized USDC into a brand new, untraceable wallet.

A somewhat more ‘enthusiastic’ idea we’ve had is the Void Card. This would require mass-adoption of cryptocurrency and for it to be standard to accept crypto as payment for regular goods and services. The Void Card would be a system where users could store funds in the VAPs and, when they make a transaction, Void would create a brand-new, untraceable wallet, transfer the exact funds for the transaction into the wallet, which would then be sent to the card, the payment would be made, then the wallet burned. However, this would only be for extreme use-cases where privacy is vital in certain situations and would come with many cons, including not being able to track your personal transaction history.

Conclusion

We hope that, one day, Void can be the №1 opt-in privacy solution in the Cosmos ecosystem. We want to make privacy accessible and secure with minimal loss of opportunity. We’ve had a lot of time to think about the direction of Void, and obviously we’ve come up with some pretty “optimistic” ideas in that time, but we really just want Void to be run responsibly and successfully by a committed and engaged Void DAO. If you’ve made it to this point of the article, maybe you’ll be a part of that and we hope to see you there.

-Gretskies

Void Protocol Links

🌑 Website: voidprotocol.io

🌑 Litepaper: protocolvoid.gitbook.io/void-protocol/

🌑 Twitter: twitter.com/ProtocolVoid

🌑 Discord: discord.gg/kB2cvnWgs6

🌑 Medium: voidprotocol.medium.com/

🌑 Telegram: t.me/Void_General

Intro

As you surely all know, at the beginning of May, Terra crashed. A lot of people lost a great deal. Not just in terms of money, but also trust and hope. It was a dark time for everyone in the space, including us here at Void. Due to this, we have had to make some changes to Void Protocol in order to migrate across to Osmosis. Our newly updated Litepaper goes into more detail, but you will find the general gist of the move here.

Milestones to this point

At the point of the crash, Void was just weeks away from our IDO and launch. Our developers had spent nearly 9 months building, and had the platform 90% complete. We had built a lot of hype in the community in regards to our whitelist, public sale and airdrop. The community was buzzing and we were super excited to get our product out there and provide privacy to the ecosystem. Unfortunately, that wasn’t to be. Ironically, we were kind of lucky. Had the crash come after our sale and launch, Void would likely not be around anymore. We still had the opportunity to adapt and choose another direction for Void.

After a couple of days of shock and disbelief, we put our heads down to find a solution for Void. With uncertainty around Terra 2 and them starting somewhat from scratch with a very depleted community, we decided it would be more beneficial for Void to move to another chain, work towards cross-chain compatibility and keep the option open to service the new Terra fork if it succeeds. We believe that it will still be quite a while until users of Terra 2 are at the stage where they are seeking privacy.

Migration to Osmosis

Hence our move to Osmosis. We’re very excited for this new chapter of Void’s journey. Whilst we were extremely invested in Terra and its success before the crash, we actually believe that Osmosis will give Void the opportunity to achieve more and provide privacy more broadly across the Cosmos ecosystem.

To launch Void on Osmosis, we have quite a bit of work to do to make our code and logic compatible with the platform. We have hired a new backend developer, DT, to help the process along a bit, so we now have 4 devs working on getting Void to you as quickly as possible!

That said, we are still looking at several months until we are ready to launch. For the next 4 weeks or so, we will be working on retrofitting Void for Osmosis. This includes making decisions to make Void viable on Osmosis, such as yield options, as well as working to make our existing code compatible with Osmosis. After that, we will spend the following few weeks working to implement our new decisions into the codebase. From there we will move onto our rewards claiming mechanism. This is quite a big task as it needs to be extremely secure to prevent any kind of tracing of funds, and so it could take up to 2 months to complete. Following that, we will work on the airdrop and public sale structure, and from there we should be able to go live on the testnet whilst having the entire platform audited.

Runway

In terms of funding to complete this work, we are very happy to announce that Void Protocol has been accepted for a grant totaling $250k from the Osmosis Grants Program. This is paid in $OSMO and has been broken down into milestones with $75k released upfront, $75k when Void is live on the testnet and the remaining $100k once Void has launched on the mainnet. This grant is a very warm welcome into the Osmosis space and will enable Void to deliver the best version of the platform to the Osmosis community.

Regardless of this grant it is still important for Void to have independent runway, therefore we will also be holding a small strategic round to fund our progress until launch. This will be for 2.5% of Void’s token supply (2.5m) tokens at $0.075, or $187.5k. Combined with the grant, we believe this is enough to fund our progress up to and beyond our launch.

Updates and Changes

Thus far we have made some decisions about the direction and functionality of Void on Osmosis. Initially we will launch with Void Anonymity Pools (VAPs) for $OSMO, $ATOM and $USDC, but hope to expand our platform to include all major IBC currencies. After we have implemented the Void DAO, each new addition will be decided by proposal votes. The deposit sizes for each pool will be subject to change depending on price action, but at this stage will look something like this:

- $OSMO: 100 | 1,000 |10,000

- $ATOM: 10 | 100 | 1,000

- $USDC: 100 | 1,000 | 10,000

Our tokenomics have changed slightly and are displayed below, but here are the changes:

- Protocol Rewards: Up from 32% to 33.5%

- Liquidity: Up from 2% to 3%

- 2nd Investment Round: 2.5% (new)

- Airdrop: Down from 15% to 10%

Speaking of the Airdrop, in return for the Osmosis grant towards Void runway and the warm welcome we have received into the Osmosis community, 10% of Void’s token supply (10m) will be airdropped exclusively to the Osmosis community. We have decided to distribute this as 5% to $OSMO stakers and the other 5% will be distributed to LPs (TBD).

Concerning our vision and drives, not much has changed. We’re still dedicated to providing a secure and decentralized financial privacy solution with minimal opportunity cost to as many people as possible. With Osmosis being part of the IBC Protocol, we believe we will be able to provide our solution more easily throughout the Cosmos ecosystem.

Conclusion

We are extremely excited for our move to Osmosis and we can’t wait to launch Void! With our launch having been at our fingertips, it was a bit disheartening to have that ripped away from us, but we have come back with a refreshed energy to provide privacy to Osmosis and the greater Cosmos ecosystem, as well as get to know the thriving community. If you’d like to read more in detail about the changes to Void, you can find the link to our updated Litepaper below.

Void Protocol Links

🌑 Website: voidprotocol.io

🌑 Litepaper: protocolvoid.gitbook.io/void-protocol/

🌑 Twitter: twitter.com/ProtocolVoid

🌑 Discord: discord.gg/kB2cvnWgs6

🌑 Medium: voidprotocol.medium.com/

🌑 Telegram: t.me/Void_ann

***Please note: These details are no longer accurate due to the crash of Terra and our subsequent migration to Osmosis. Please keep following for up to date information.

Void Protocol aspires to become the leading privacy protocol on Terra. With our simple, 3-step model, you can easily and securely anonymize your funds, while earning yield at the same time.

To learn more about Void Protocol, you can head to our website, read our docs, or join our Discord or Twitter.

There are three avenues through which you can acquire $VOID at IDO:
Atlo Protocol, Thorstarter and Pylon Protocol.

Atlo Protocol

The Atlo proposal goes live on the 9th May and runs for 5 days. To participate in the Atlo sales (WL and Public) you will need to complete their KYC. If you do not wish to complete KYC, you will have to participate through one of our other options.

The Atlo sale will be in 2 parts: the whitelist sale and the public sale, for 2.5m and 6m $VOID tokens respectively.

Whitelist Sale

Our WL sale will be held on the 17th May and the $VOID price will be $0.10 UST. The WL consists of 600 slots. Of those, 50 are for promotions and giveaways. The remaining 550 are for our “top community members” on Discord. This does not mean MEE6 rank! The whitelist sale is to guarantee a regular sale-price allocation of $VOID without having to be part of a platform.

Our top community members are those who have contributed the most to Void Protocol or been genuinely active and involved in our Discord. This means learning about Void, asking and answering questions, having constructive conversation, bringing forth ideas, finding flaws and making suggestions, creating content for Void, and so on. Spam/grinding will not get you whitelisted, it will have the opposite effect.

If you want to purchase $VOID and want to be in the running for a WL slot, enter your wallet address in #wl-submissions on our Discord. There are only two days left to submit your wallet (ends 9th May), so hurry! As mentioned above, KYC will be necessary for this sale, so don’t enter your wallet address if you can’t or don’t want to KYC with Atlo.

Public Sale

The Atlo public sale will be held on the 24th May. $VOID price will be $0.10 UST. To participate in the public sale, you will have to complete KYC. Atlo Protocol has an allocation system which takes into account your Atlo Rating once a project is overfunded. If the project is not overfunded, you will get your allocation. If it is overfunded, your Atlo Rating will determine how much allocation you get.

To get an Atlo Rating, you must hold and stake $ATLO. You can improve your rating by buying and staking more $ATLO and voting in governance proposals, such as the Void proposal on the 9th May.

You can learn more about Atlo Protocol in their “Intro to Atlo” medium article.

Thorstarter

Our proposal on Thorstarter has already been accepted! The Thorstarter sale will also be held on the 24th May - the same as Atlo. It will consist of 4m $VOID tokens at a price of $0.10 UST.

To participate in the sale on Thorstarter, you need to buy $XRUNE and deposit (stake) it into their smart contract “Forge” on the Fantom* network. This gives you access to IDOs. When participating in an IDO, you will pay a 20% fee on the purchase of tokens, which is then redistributed to $XRUNE stakers (you included).
*It is possible to do this process on Terra as well, however you will not receive back any of the fee paid at the time of purchase.

The amount of $XRUNE you deposit will give you a certain “allocation multiplier”, which determines how much of the IDO token you will be able to purchase. I.E., with a 25x multiplier of a $50 base allocation, you will be able to purchase $1250 of the token.

Note: you have to register your interest for each individual sale you wish to participate in during the days preceding the sale.

Check out this “Day 0 Guide” tweet from Thorstarter to learn more.

Pylon Protocol

The Pylon proposal is currently live and ends on the 10th May, you can vote here.

The Pylon portion of our token sale consists of 2.5m tokens. There is no price, as Pylon operates using lossless investment pools. You just deposit $UST over either 6 or 12 months and receive $VOID, while we receive payment via the yield your deposit makes. You can then withdraw your entire initial deposit.

To participate in Pylon’s pools, simply head to gateway.pylon.money and connect your Terra wallet. Then select Void Protocol, input the amount you would like to deposit, then select ‘Deposit via Pylon’ on your chosen vesting period/APR%. Confirm the transaction and you’re set!

Please note: The Void Protocol sale in all its forms is only open to non-U.S. persons and entities. In addition, the sale is not and will not be offered or sold, directly or indirectly, to any person who is a resident, organized, or located in Afghanistan, Angola, Azerbaijan, Bahamas, Bosnia and Herzegovina, Botswana, Burundi, Cambodia, Cameroon, Canada, Chad, China, Crimea of Ukraine, Cuba, Democratic People’s Republic of Korea, Democratic Republic of the Congo, Eritrea, Ethiopia, Ghana, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Japan, Laos, Libya, Madagascar, Mozambique, Nicaragua, Pakistan, Republic of Korea, Republic of the Congo, Russia, Serbia, Seychelles, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Tajikistan, Trinidad and Tobago, Tunisia, Turkmenistan, Uganda, Uzbekistan, Vanuatu, Venezuela, Yemen, and Zimbabwe or any person found on the OFAC specially designated nationals, blocked person list, any other consolidated prohibited person list as determined by any applicable governmental authority.

Void Protocol Links

🌑 Website: voidprotocol.io

🌑 Docs: protocolvoid.gitbook.io/void-protocol/

🌑 Twitter: twitter.com/ProtocolVoid

🌑 Discord: discord.gg/kB2cvnWgs6

🌑 Medium: voidprotocol.medium.com/

🌑 Telegram: t.me/Void_ann

We have our core drives listed with brief explanations both in our Litepaper and on our website, but we wanted to go into a bit more detail so people can get a better idea of what Void is striving for in the Terra community and beyond.

Void Protocol’s core drives are Privacy, Decentralization, Opportunity Cost, and Interoperability. We will dive into each one below.

Privacy

Try not to get sick of the word privacy, we’re going to use it a lot. It may already be obvious, but being a privacy protocol, privacy is paramount to us. Privacy is not default on the majority of blockchains, not excluding the Terra Cosmos blockchain. Anyone can go to finder.terra.money, search any wallet address, and see every single transaction that wallet has made. This includes purchases, sales and transfers, fee payments, wages and trades. If that wallet address can be linked to a person, which can happen several different ways (NFT purchase sharing, entering competitions, transfers between friends or colleagues, and many more), that person’s entire crypto financial history could be exposed. Whilst transparency is often important, it is more so for large companies and corporations, not for the average Joe. Void seeks to protect all Terra users from prying eyes, and it is our main focus to provide the best and most secure privacy solution to those users.

With the use of zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge), the Void Anonymity Pools will successfully obfuscate the link between deposit and withdrawal wallets. zk-SNARKs work by being able to validate possession of a certain piece of information without ever revealing that information. In Void’s case, the zk-SNARKs can validate the link between the deposit and withdrawal wallets, whilst never revealing any information about them — not the addresses, nor the amounts. The use of zk-SNARKs is very important to Void Protocol, because without their use, there will always be a weak link, due to the need for critical information to be stored in a centralized location.

Decentralization

Speaking of which, this brings us to our next topic. Whilst a lack of privacy is generally the default with decentralization, we strive to incorporate complete decentralization into our privacy protocol. Our main reason for this is trust. Without decentralization, there is a central body in which we must trust, and it has been proven time and again that central bodies cannot always be trusted.

The major obstacle for a privacy protocol trying achieving decentralization is the storage of information, an obstacle which is overcome by our aforementioned friends, the zk-SNARKs. They allow for all transactions to pass through our anonymity pools without storing any identifying information. Users will receive their funds into a truly anonymous wallet with the confidence that they have been transferred through a totally secure and trustless system.

In regards to the security of the system, another part of our decentralization process is that our code will be fully audited and open-source to the public. Our ZK library has already been audited and passed with only minor suggestions about documentation and best practices, which are being ameliorated. You can view the full audit here.

Perhaps the most visible part of Void’s decentralization is the Void DAO. This will be Void’s governing body, and it will consist of $VOID token stakers. Staking $VOID will give users the opportunity to vote on important proposals concerning the direction of Void Protocol, including, but not limited to, deposit sizes, fees, yield earning strategies and DAO fund usage. We foresee the Void DAO taking complete control of Void Protocol within 2022.

Opportunity Cost

This is one of the biggest drawbacks of a mixer-based privacy solution. In order for funds to become anonymous, users must leave their funds in Void’s anonymity pools for some time. Usually this would mean capital is sitting idle and unproductive. In the current world of constant opportunities in trading and yield-farming, this is unacceptable. Void Protocol aims to reduce opportunity cost by keeping the deposits into the pools productive, yet still liquid, so users can earn interest on their funds but not miss out on any opportunities that arise. $UST deposits will be invested into Anchor Earn, which returns ~20% APY, but does not lock up funds, so they can be withdrawn at any time. Strategies for yield in the $LUNA pool will be decided by the Void DAO.

Interoperability

Interoperability within Terra and beyond is always on the minds of the Void team. We have all watched as the Terra ecosystem has expanded from just Mirror and Anchor into hundreds of applications serving dozens of different purposes. We believe that utilizing and working with the great minds and projects within the ecosystem makes a lot of sense, so in Phase 3 of our development, Void Protocol intends to make sure that our platform is easy and well-documented enough to be built upon or integrated into any project that wants to use it.

Our interoperability plans begin with Terra, but we are big believers of a multi-chain future. Once Void is well-enough established and is running smoothly on Terra, we will initially look to expand to accommodate other networks such as Cosmos and Osmosis using the Inter-Blockchain Communication Protocol (IBC). As this will take some time and we do not yet know the future of Void, Terra and crypto itself, any additional plans will be decided further down the road.

- Gretskies

Void Protocol Links

🌑 Website: voidprotocol.io

🌑 Docs: protocolvoid.gitbook.io/void-protocol/

🌑 Twitter: twitter.com/ProtocolVoid

🌑 Discord: discord.gg/kB2cvnWgs6

🌑 Medium: voidprotocol.medium.com/

🌑 Telegram: t.me/Void_ann

Development update, IDO details, Airdrop and more.

Development update

The last few weeks have been extremely busy for Void Protocol, there are many things that needed to be finalized before we are ready to host our IDO and then shortly after the TGE and platform launch. Would be lying if we didn’t admit that some of these tasks have been a larger challenge than we initially thought. One thing we have always been certain with at Void, is that we want to launch with a full working product and of course we aren’t taking any chances by launching without a full platform audit! By putting dates on our IDO we really put ourselves under the pump, as we have no intention of hosting the IDO and then taking any longer than 1–2 weeks until TGE.

This brings us to where the development is currently at. So our developers have been working hard to get the much anticipated airdrop in order, a task we once thought was nearly ready threw many curveballs our way, leading to a couple of weeks more than we anticipated being spent on this task alone. Now our developers have moved on to the integration of the backend to the frontend. However these delays have actually had an impact on us and will mean that the actual platform launch date needs to be pushed back, in turn meaning the IDO date will also be pushed back.

With the developers currently focused on the integration, it means the platform will be live for the early testers within the next few weeks!

IDO Details

Given our progress mentioned above it makes sense to slightly delay the IDO date and in turn the launch/TGE date as well. The date we will now be holding the public raise on is the 24th May. This will be the date for Atlo and we will also be working closely with the Thorstarter team to ensure we can host on this date or close to.

We’ve had a lot of questions about the IDO around how, where and when to partake. This is a simple summary, in the coming weeks we will release a more in-depth IDO participation guide.

*Atlo:

Where: https://atlo.app/
Date: 24th May
How: https://atlo.medium.com/intro-to-early-bird-and-public-sales-8f7fa7d1081d
Raise: 600k UST (6m Void)
KYC: Yes

Thorstarter:

Where: https://thorstarter.org/
Date: 24th May (TBC, will be close to)
How: Users either deposit XRune into the old tiers contracts, which can be done on Terra or users can also deposit into the newly released Forge on Thorstarter using Fantom network, allowing users to earn back a percentage of fees on the platform and more. The higher the deposit/tier, the higher the allocation a user can receive. Here’s a guide on depositing into the Forge; https://blog.thorstarter.org/thorstarter-forge-release-date-and-complete-guide-f0ef0dc9b1a5
Raise: 400K UST (4m Void)
KYC: No

*Pylon:

Where: https://www.pylon.money/
Date: Pools will be live around 24th May
How: Deposit UST into one of the two pools 6 or 12 months. Rewards will be claimable after 3 and 6 months respectively.
Raise: 250K UST (2.5m Void)
KYC: No

*Void sale on these platforms still needs to be voted yes by the governance of each platform.

Void WL sale

There are 500 positions for the WL sale, this portion of the raise will also be held on the Atlo platform, therefore KYC is required for WL participants. The best way to obtain a WL spot is to be active/engaged in the Discord (there are a few metrics which go into this all relating to the Void Discord.) Wallet collection will begin over the next couple of weeks, therefore there is still time to gain a spot.

50 of these spots will be used for promotional content for Void protocol, therefore there are also a number of opportunities to gain a spot, just by entering our giveaways and promotions.

Where: https://atlo.app/
Date: 17th May
Raise: 250K UST (2.5m Void)
KYC: Yes
Allocation: Max $500 per WL spot (If all WL spots take max allocation)

Void Airdrop

The much anticipated Void airdrop is getting closer and closer and with that, the questions around it have increased ten fold. There are five avenues in which a user can become eligible for the Void airdrop:
Luna Staking: 3.5m Void will be going to Luna stakers, we are working also to make sure that this includes Yluna on Prism and the Luna staking on Stader.
Anc Staking: 3.5m Void is going to single asset ANC staking on Anchor.
Mine Staking: 3.5m Void is going to single asset MINE staking on Pylon.
Atlo: 3.5m Void is going to Atlo users. This will be based off a users Atlo Rating on the Atlo platform.
GP Staking: 1m Void is going to Galactic Punk stakers on the Galactic punk website.

A user can earn Void from all of these avenues simultaneously. The total earnt Void for each user will then be divided into portions; The first ⅓ will be claimable immediately on TGE, the rest will again be divided into 3 parts, each part will be claimable to the user after depositing funds in the VAP’s (Void Anonymity Pools) for a total of 31 days. This step can be repeated 2 more times until all portions have been claimed.

Charity NFT Auction

The charity auction is still very much in the works! We are communicating with Luart to set an exact date, which will be announced along with a write-up including all the contents of NFT basket which will be auctioned off for charity. 50% of the proceeds will be going to the climate category (as chosen by the Void community) and the other 50% will be going into the Ukraine fund. All funds will be contributed through Angel Protocol.

Here’s a little sneak peek of some NFT’s we’ve collected so far for this auction:

We can’t wait to host this auction and hope some of you can’t wait to try and get your hands on some of these NFT’s whilst also doing good for some great charity causes.

Void Protocol Links

🌑 Docs: protocolvoid.gitbook.io/void-protocol/

🌑 Twitter: https://twitter.com/ProtocolVoid

🌑 Discord: discord.gg/U9MXyT6a7K

🌑 Medium: https://voidprotocol.medium.com/

🌑 Telegram: https://t.me/Void_ann

Development update

Since our last update, the Void team have again been working extremely hard to make progress. As of progress update 3 we had to reassess our timeline due to the development of the ZK-snark library which is required for the platform to be secure and decentralized.
We are very pleased to say that all our developers, led by Gungod, have achieved the implementation of ZK-Snarks for the Void platform! Once it was complete, we immediately sent in our ZK Library for audit, which you can read more about below.

Whilst the ZK Library was in for audit, our back-end devs switched focus to the airdrop logic and finalizing some contracts around the rewards mechanisms, and our front-end dev has been focusing on getting our website ready.

ZK Library Audit

We decided to have our ZK Library audited independently of the rest of the Void platform. There are a couple of reasons as to why. Firstly, before we continued to build around this feature, we wanted to ensure that we were building around a solid code library. Secondly, Void aims to open-source key components of our code, and the ZK Library will be one of them.

We received a few quotes for this audit. One of the major factors in our choice was time, as we could not afford to wait months to have it done. We chose TerraSCV, who were recommended to us by several prominent figures in the space.

We are extremely happy to say that we have received the audit back, with 0 critical flaws and only some minor recommendations around best practices and documentation.

You can view the published audit here.

Website Launch

We had hoped to have our website live in February, however, due to the issues with the ZK Library, we reallocated our front-end dev’s time towards helping the back-end developers complete that. It was our primary focus to complete that in a timely manner, and since that has been completed, focus has been back on the website, so…

It is now live! Head to voidprotocol.io to check it out!

POL/Treasury Add

An important topic of discussion in our Discord channel recently has been about Protocol Owned Liquidity (POL). The Void team is partial towards POL, as it can be used to aid with longevity of the platform during times of recession. POL can also go a long way towards achieving price stability, as Void would gradually accumulate a higher percentage of the liquidity pools.
The objective of the discussion was to gauge the community’s thought on this, then to figure out from where to allocate the Void Tokens required to set up a POL mechanism.

The community decision was virtually unanimous for POL. As for token allocation, it was decided that Void will no longer have a fortnightly airdrop. The involved community members all agreed that the benefit of POL is much greater for Void than the fortnightly airdrop, since Void is already allocating 15% of the token supply towards the genesis airdrop — still one of the largest in the Terra community.

The 5% of reallocated Void tokens will not be going directly to POL mechanisms just yet. To begin with, it will go to the governance treasury, after the governance goes live there will then be a vote on the exact mechanisms the governance would like implemented for POL.

NFT Auction Basket

Finally, our Angel Protocol NFT Charity Auction will be being held this month! We have been working hard to make a meaningful contribution to the Angel Alliance, and to achieve this, we have been gathering NFT donations from a number of prominent projects on Terra.

As a little teaser, we can gladly share with you our first 1/1 NFT created for us by TerraWolves(https://twitter.com/TerraWolvesNFT) as a contribution to the auction. 🎉

The auction will be hosted on Luart towards the end of March — exact date/time will be coming very soon! Stay tuned on our Twitter and Discord for announcements!

Void Protocol Links

🌑 Docs: protocolvoid.gitbook.io/void-protocol/

🌑 Twitter: https://twitter.com/ProtocolVoid

🌑 Discord: discord.gg/U9MXyT6a7K

🌑 Medium: https://voidprotocol.medium.com/

🌑 Telegram: https://t.me/Void_ann

In an infamous 2010 interview, Mark Zuckerberg said, “Privacy is no longer a social norm”, giving the implication that people should just accept it as a fact, move on, and surrender their privacy.

He has a point. In the current online world, privacy is at the very least an afterthought for developers and tech gurus. Data is shared freely and many people don’t even give a thought to what happens with the personal information they input into websites, let alone their Facebook statuses and photo posts. And here on Terra, and most other blockchain networks, users don’t have a choice but to have their financial transactions permanently etched into the blockchain for any prying eyes to see.

When it comes to blockchains, this is a feature, not a bug. In order for a blockchain to function in a decentralised and secure manner, this is how it works. It is the “norm” for these transactions to be public and traceable. But should they be?

While Zuckerberg says one thing, his actions speak to the other. In 2013, he spent $30 million to purchase the four homes surrounding his own to provide himself with a “zone of privacy”. As Glenn Greenwald said in a 2014 Ted Talk,

“People can, very easily, in words claim that they don’t value their privacy. But their actions negate the authenticity of that belief.”

Irony aside, even though he says it’s no longer a social norm, Zuckerberg obviously thinks privacy is important (at least for himself). Surely the fact that the people standing in the way of privacy want privacy is argument enough for privacy on a universal scale, right?

So how do we have privacy in a system like this? On a blockchain where the norm is transparency and information sharing? For Terra, Void Protocol is coming to the rescue. Due to launch in Q2 2022, Void will provide an opt-in privacy solution for users of the Terra blockchain. Users will be able to deposit $UST and $Luna into Void’s anonymity pools, which will be mixed with the funds of other users, then withdrawn into new wallets, obfuscating the origin of the funds. Void also aims to keep assets productive whilst in the pools, with use of Anchor Earn for $UST deposits. You can learn more from their litepaper here.

It is true what Zuckerberg said, privacy really isn’t a social norm anymore, but it absolutely should be, and can be on Terra with Void Protocol.

-Gretskies

Void Protocol Links

🌑 Docs: protocolvoid.gitbook.io/void-protocol/

🌑 Twitter: https://twitter.com/ProtocolVoid

🌑 Discord: discord.gg/U9MXyT6a7K

🌑 Medium: https://voidprotocol.medium.com/

🌑 Telegram: https://t.me/Void_ann

Here at Void, we’re obviously quite big on privacy. That’s why we’ve put together this list of some of the best ways to keep your crypto stash private and secure. Let’s get into it!

Passwords

We’ve heard the password rules a million times before, but we can’t stress enough how important it is to strictly follow the rules when it comes to crypto assets. When creating passwords for wallets, exchanges, or anything else crypto related, always follow these rules:

- NEVER reuse a password.

- Make your passwords extra strong. They should be long, random and contain a combination of numbers, symbols and uppercase and lowercase letters. They should not: have any relation to you or anyone else; contain dates of any kind; contain names of anyone you know or your pets. There are strong random password generators you can use online.

- Don’t save passwords into your browser.

Password storage is very important, especially when following the above rules, as it quickly becomes difficult to remember more than a few. Password storage can be approached in two ways and depends on each user as to the practicality of each. Password managers can be very handy, but it is recommended to use a very strong password as this can act as a potential single point of failure for your database. Many users who choose this method opt to keep this manager on an offline only device to avoid any exposure to malicious viruses. Some password managers trusted by the community are: KeePass, LastPass &1Password.

Others may find it is more practical to keep a password diary, again this can act as a single point of failure if discovered by a malicious individual, but it keeps the point of failure in the physical world. It is strongly advised to store this in a secure location such as a safe or lockbox.

Practice Safe Computer Use

It’s worth noting that 98% of hacks involve some sort of social engineering, which is the act of coercing somebody into doing something for you. Whether it be a phishing email asking you to change your password or a phone call from your “internet service provider”, hackers and scammers use a myriad of different ways to get you to help them access your computer and accounts.
It might seem easier said than done, but here are a few things you can do to (hopefully) avoid malicious access to your computer and accounts:

- Have a reliable antivirus installed on your computer and runs scans regularly.

- Be extra cautious when opening or downloading unknown links from the internet. You can run and antivirus scan on downloaded files before opening.

- Don’t fall for phishing emails! 96% of phishing attacks use email, so always type official URLs into the html bar and never click website links from emails.
Here’s a great link on how to spot a phishing email courtesy of reddit user u/xCryptoPandax; Phishing emails, tips and tricks.

- Never give any personal details or access to your computer to cold callers. If you receive a call from someone from your bank, ISP or anyone who asks for those details, hang up the phone and call the official phone number (not the number you received the call from) to verify whether it is legitimate.

- Be careful downloading and using wallets and wallet updates, and entering any wallet information online. There was a fake Metamask App on Google Play that had crypto-stealing malware on it and a man lost 1,400BTC downloading a fake wallet update. Always use the official URL and do not search on Google or App stores or click on Google ads.

Two-Factor Authentication (2FA)

Always use 2FA wherever possible. A lot of exchanges and online wallets make this mandatory already, but always choose it if you have the option. This includes bank accounts, crypto wallets, exchanges, social media etc.

There are a few ways to use 2FA. Firstly, stay away from email and SMS-based authentication. Emails are very easily compromised, and hackers can easily redirect SMS authentication texts via SIM-swap, thus giving them the ability to access accounts and change passwords.

Mobile app-based authenticators such as Google Authenticator and Microsoft Authenticator are the most readily used and generally considered a safe option.

When you activate 2FA on any account you should have the ability to generate backup codes, these are used in the event you lose access to your authenticator, treat these as important as your passwords.

If you want to get super secure, a physical security key is the way to go. It is basically a USB stick synced with your online accounts that you must insert into the computer to access your accounts. This is pretty much the most secure you can get, but you’ll need to invest a bit of money into it!

Use a Virtual Private Network

A VPN can often be overlooked, its a tool which allows you to create a secure connection to a private network, this becomes extremely important while using public internet as it allows you to shield your activity from potential breaches on that specific network.

Having control over your data is something you should always have on your mind as you can never really know what people/organisations plan on doing with it, whether this be selling data or worse it’s best to have no loose ends when talking privacy.

A VPN can help achieve;

• Data privacy from your internet provider
• Data privacy from apps and services you use
• Data privacy from the government

A VPN is also a great way to grant yourself a layer of privacy in many avenues. While using a VPN, your true location is never shown, this is achieved via re-routing your connection through severs located elsewhere in the world.

Keep Control of your Crypto

Cryptocurrency exchanges are another potential single point of failure when it comes to your crypto security. It seems like a day doesn’t pass that we don’t hear about another exchange or platform being hacked and hundreds or thousands of users losing millions of dollars in various cryptocurrencies. The best way to avoid this is called crypto self-custody.

This involves keeping the bulk of your crypto off exchanges and in your own personal crypto wallets. I say wallets here, with an ‘s’, because we should also stick to the old adage, “Don’t put all your eggs in one basket”. The best way to lose all of your crypto fortune is to lock everything behind one door, and then lose the keys to that door. That is to say that, if you have one wallet for all of your crypto, and you lose the login details or have them stolen, you can say goodbye to all of your hard work and gains.

Remember; Not your Keys, Not your Crypto

There are multiple free wallets that you can get access to online, but the gold standard (once again) is a physical cold storage wallet, or hardware wallet. These are connected to your computer by USB and are never exposed to the internet. Even if your computer is infected with malware, your private key and cryptocurrency are safe from hackers. And even if someone gets access to your hardware wallet, it is encrypted with a PIN which needs to be entered every time you want to make a transaction.

After the bulk of your crypto is stored in a cold wallet for long term storage, it would make sense to use a hot wallet for more frequent crypto transactions. This way your cold wallet can remain offline and is only transferred out of during secure moments. Here’s a great article on the difference between hot and cold wallets written by Alex Lielacher; Hot Wallets vs Cold Wallets: What’s the Difference?

Now, all of this doesn’t mean that you can’t keep any funds on exchanges. Depending on each user, it can be a good idea to keep a small amount of coins on exchanges so you can quickly buy or sell when an opportunity arises. It is worth always investigating any exchange you plan to use, to try to ensure they are trusted by the community and there are no reports of locking user funds.

Consider Multiple Email Addresses

What? It’s already annoying enough to manage all these wallets, exchange accounts and passwords! Now I need multiple email addresses too?

In short, yes. At the very minimum, you should have separate email addresses for your crypto and your socials. The email address you use for Facebook, Instagram, online shopping, newsletters etc. is at pretty high risk of a breach, so you should always keep your crypto accounts separate from these things. I personally use a secure Protonmail account for my crypto and a Gmail for everything else, it’s simple and secure. This also goes along way to avoid associating your physical identity with your cryptocurrency holdings.

If you want to step up to the next level of security, you can even create separate email addresses for each of your crypto accounts. You can then have each of these addresses auto-forward all emails to a central account where you can read them. This way, if an account is breached, the hackers can’t access the other accounts.

Transaction Safety

- Using multiple different wallet addresses for your transactions can help you keep a low profile. The more you use a single wallet, the more likely it is that someone will create a profile of who you are, and what crypto you hold. If they are able to link your transactions to you as a person, that could potentially make you a target.

- Double check the addresses you are sending to. If it is a large transaction, consider sending a test transaction of a smaller amount first to ensure the address is correct.

- DO NOT sign a transaction unless you are sure of what it is and where it is from.

Use an on-chain privacy solution

An on-chain privacy solution is a service you can use to obscure the origin of certain funds. One such solution allows your funds to be deposited into a pool and mixed with the funds of other users, then withdrawn into a new wallet address which is untraceable to the original wallet.

This can be used as an addition to your transaction safety. If a profile of your crypto dealings/history has been created, running your funds through a solution like the above stops the tracks and gives you a fresh start with a new wallet.

Void Protocol is an opt-in privacy solution releasing on the Terra Network in Q2 2022, follow the links below to check them out.

Don’t Tell People About Your Crypto!

As much as it might be tempting to brag about your gains or how much BTC you got in the dip, don’t! All of the advice above is great to hinder access to your accounts by hackers and internet thieves, but it won’t stop someone from breaking down your front door and threatening you into giving up your passwords and account details.

Buy the dip, make your gains, but stay quiet about it!

-Gretskies

Void Protocol Links

🌑 Docs: protocolvoid.gitbook.io/void-protocol/

🌑 Twitter: https://twitter.com/ProtocolVoid

🌑 Discord: discord.gg/U9MXyT6a7K

🌑 Medium: https://voidprotocol.medium.com/

Hello Frens!

Firstly, we would like to give a big shout out to our amazing Void community. You guys have been so wonderful since the beginning of Void and we can’t express how grateful we are for all of your support. We wish you all a Happy New Year for 2022! We are super excited for what this year has in store for us and for the Terra Ecosystem in general. We know this is going to be a great year for LUNA and of course the Year of the Void 🌑

Development of Void Protocol has been progressing nicely, but not without hitting a few speedbumps and having to make small detours. The main topic of this update is to outline what these speedbumps have been and how they are going to impact our projected timeline.

Development Progress

We have been making great progress in a lot of areas of the build. Our developers at Void have been working harder than the government’s cash printers during Covid. We have nearly completed our front-end and UI, and our back-end devs are reaching important milestones in relation to Void token structure, gas relay mechanism, airdrop, and implementing Merkle Tree logic for deposit length calculations and reward distribution.

Void has known from the start that the use of ZK-Snarks (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge) will be imperative to the trustless securing of deposits into the Void Anonymity Pools. Unfortunately, this is where we hit a speedbump. In our recent deployment attempts of ZK-Snarks on the Terra network, we experienced some issues implementing in the current framework of CosmWasm. ZK-Snarks are a crucial element to Void, and we need to overcome these hurdles to make Void a completely secure and trustless platform.

Luckily for Void we can see the light at the end of the recently-created tunnel, as our lead dev and our admin team are in a group chat with some of the TFL devs and are hoping to be working with them to implement a ZK library functional in CosmWasm.

Timeline

Given the increase in scope of our project, it would be unfair not to adjust expectations within our faithful community. The uncovering of this framework issue has led to the team at Void needing to reassess our timelines. As discussed in our previous update, we have always intended to launch in Q1 2022, ideally earlier rather than later. However, we must now accept that this is no longer possible with the workload we now have ahead of us.

Now that we have to rely on more than just the work output of our Void devs, it is impossible to give an accurate estimate of our launch date. We also still intend to ensure the code has been audited before going live on mainnet. Factoring in these variables, we are very confident that we will be able to deliver a finished product in Q2*, with a focus on having everything in for the audit at the very beginning of the quarter.

*Please note this is still not guaranteed but we will be completely transparent with the community on the expected timeframe and development progress.

Void Protocol x Orbital Command AMA

Later tonight for much of the world at 8pm CST, we will be joining Orbital command (https://twitter.com/orbital_command) for an AMA dedicated to Void protocol. This is an awesome chance to ask any burning questions you might have for us here at Void. It may already be clear to most but we do strive towards transparency between us and the community and we see these kind of chats as a great way to achieve just that. So we encourage all of our community to tune in and take part.

Angel Auction

Finally, Void protocol is still very much committed towards putting together an NFT auction basket, with all proceeds to be contributed to charity fundraising hosted by Angel Protocol.

We would like to place a special emphasis on this now, as Void is currently in the process of gathering NFTs for the basket and would like to drum up some community participation. If you, or anyone you know is feeling generous and wants to contribute to the raising of charity funds for Angel Protocol, please get in touch! The team at Void Protocol will be contributing some of their own personal NFTs, and we are happy to contribute some Luna towards some higher-value NFTs if you’re not willing to part with them for nothing!

Send us a message on Twitter or Discord to get involved!

Void Protocol Links

🌑 Docs: protocolvoid.gitbook.io/void-protocol/

🌑 Twitter: https://twitter.com/ProtocolVoid

🌑 Discord: discord.gg/U9MXyT6a7K

🌑 Medium: https://voidprotocol.medium.com/

No more banks, no more centralisation, no more personal information shared with untrusted third-parties who can seemingly do whatever they want with it. Blockchain and cryptocurrency is the solution to many problems in the financial and data storage worlds, including privacy, right? Well, not exactly.

While blockchain creates a safe and secure environment for making transactions and storing information, it’s not necessarily the most private way to store that information. In this article we’re going to have a look at what we mean by privacy, what blockchain offers in the way of privacy, where it falls short, and finally, what we can potentially do to better secure our privacy on the blockchain.

What is privacy and why is it important?

Firstly, a brief overview of what we mean by privacy. There are generally three types of privacy: physical, surveillance and information. When we talk about privacy in the cryptocurrency or financial space, we are mostly referring to the last two. When we say surveillance privacy, we’re talking about your ability to control who can identify you, see what you are doing and record information about you. Information privacy is then about controlling who has access to and who can use your personal information.

Being surveyed and having your information shared can bring a lot of convenience in the form of products and services. Having “somebody” know what you are doing and what you want or need can be helpful in bringing you those products and services easily. The downside, however, is that whoever is surveying you or processing your data can also use it for their own benefit and can share that information with others without your knowledge. Unfortunately, this is usually not in your best interest.

What is the current state of information and financial privacy on the blockchain?

The misconception about privacy on the blockchain is as follows: I have a cryptocurrency wallet; my wallet has a private key and a public key; when I want to access my funds and make transactions, I use my private key (or phrase or 2FA, whatever); and when I want to transact with another wallet, I share my public key. Private key is private, public key is public. Right? Simple? Not really.

Most blockchains, at their core, are giant databases which are distributed around the globe and open to the public. Whenever you make a transaction, that information is stored on the blockchain in a block. That block contains certain information which makes the transaction itself very secure protects it from being tampered with, including information about the previous block in the chain. However, the most important information, is the information about your transaction, including your public key. So, every time you make a transaction, your public key is stored in a block alongside that information, permanently and irreversibly.

In a truly decentralised setup, anyone can access the blockchain network at any time and view that information. So, anyone who knows your public key, and anyone they share it with, can see all the information about every transaction you have made and will make with that wallet.

“But what does it matter if people can see my transactions? I’m just buying and selling crypto.”

At this stage, mostly yes. The overwhelming majority of transactions on the blockchain and in the crypto space are people trading crypto assets for other crypto assets to make a profit, or just as a hobby. But not all of them.

Terra Money is a blockchain technology that uses stablecoins which are algorithmically-tethered to their respective fiat currency, such as TerraUSD (UST), TerraKRW (KRT) and many more. At this stage, most of them are still being traded as said above. However, KRT, tethered to the Korean Won, is quickly being adopted and used like a traditional currency. Terra Money has teamed up with CHAI Finance, a blockchain-based online payments system which has integrated Terra’s KRT into its application.

CHAI operates similarly to PayPal, in the sense that users can simply add their bank account or wallet address and start making transactions. The biggest difference is that CHAI uses blockchain technology, which makes its transactions faster, with lower fees and most importantly, decentralised.

What makes this such a game-changer in terms of crypto-adoption and mainstream use is that users have no need to know about the intricacies of blockchain technology or fancy finance terminology. It is a plug-and-play type application which allows consumers the ability to use cryptocurrency for everyday purchases, and there are already more than 100,000 daily transactions with some of Korea’s most reputable merchants, including CU, which has 13,500 stores around the country.

But this is where we need to get back to the main point of this article, privacy. With real-world use and mainstream adoption actually happening right now, the transactions that people can see on the blockchain are no longer just random crypto trades between BTC, ETH and any of the thousands of other altcoins. Anybody who wants, with your public address, can now see exactly where you shop, at what time, and how much you spend there. This data can obviously be used for reasonably benign purposes, such as marketing and advertisement, if corporations start processing it all together, but it can also be used in much more malicious ways.

Access to payment locations and times gives anyone the ability to track another, either by analysing patterns and anticipating where they might be at a given time, or real-time, by watching a person’s most recent transactions. This can also have quite benign or even pleasant consequences if a friend or family member is using it. The harsh reality, however, is that this information could be used by less savoury characters to conduct illegal or immoral activities.

What can be done to fix the problem?

Private Blockchains

One of the biggest hurdles to get over when it comes to privacy on blockchain is centralisation. There is a type of blockchain called a private blockchain, in which certain authorised nodes validate transactions, therefore access to the data is restricted and transactions are private. However, this requires a central entity that controls the network and authorises the nodes, making this type of blockchain more centralised.

Bitcoin, the original cryptocurrency and inspiration for all that followed, runs on a public, decentralised blockchain. Decentralisation is important because it is what allows the network to be so secure. Due to the huge number of nodes in the network which are validating transactions with each other, it is virtually impossible for malicious parties to hack the network. This is why a public blockchain is more favourable than a private blockchain in most cases. With a single controlling entity, a private blockchain is much more susceptible to hacks, data breaches or manipulation. The participants in a private network must also be able to have complete trust in the controlling entity and the authorised nodes, as they would be able to modify blockchain data at their will.

Privacy Coins

Another option to assess is privacy-focused blockchains such as Monero, Dash and ZCash. These cryptocurrencies employ their own privacy protocols such as Monero’s Stealth Addresses, Ring Signatures and RingCT. Within themselves, the privacy aspects of these blockchains function well, preventing simple access to data on the blockchain by your average Joe, however they do come with some setbacks.

Firstly, someone wanting to conduct private transactions is obliged to do so in the currency on which the blockchain is based. For hobby/profit trading this is absolutely fine, but for larger application, it requires the mainstream or widespread adoption of that specific cryptocurrency, and unfortunately for privacy coins, it seems to be going the other way.

Privacy coins tend to attract quite a lot of attention from regulators due to their utility as a means for tax evasion, money laundering and other illegal activities. For instance, privacy coins (including Monero, Dash and ZCash) were completely banned and removed from exchanges by the Financial Services Commission in South Korea in March 2021. And while they may not be banned outright in most places, they risk constant strict regulation which can create extreme volatility in the market. All of this means the chances of real mainstream adoption of these coins is slim.

Mixing Services

Mixing services are third-party protocols, such as Tornado Cash on Eth, Sherpa on Avax and Void Protocol, which divide users’ funds into smaller parts and add them to “pools” to mix randomly with deposits from other users. The withdrawal is then made into a new wallet address and the funds are theoretically unlinkable to the deposit.

However, not all protocols are made equal. If the protocol allows the user to choose the amount they are depositing into the pool, therefore making all deposit amounts different, then the withdrawal of that same amount will be easily traceable to its’ original wallet address. Also, some protocols rely on a third-party intermediary to verify the input and output pairs to ensure that the correct withdrawal amounts are transferred to their respective depositors. This reliance creates a central weak point in a decentralised system, where the users must trust a single third-party with their data.

Coming in Q1 2022, Void Protocol, on the aforementioned Terra Network, provides solutions to these problems for TerraUSD (UST) and LUNA. Void is an opt-in financial privacy service that utilises the mixing model, with some corrections for known security problems. Void is completely decentralised, using Zero Knowledge Proof (ZKP), a cryptographic protocol, to verify the input and output pairs. ZKP is coded so the input and output pairs can match without revealing any information about the pairs themselves, meaning that there is no reliance on a third-party or a centralised database.

Void also resolves the deposit-withdrawal tracking issue by only allowing set amounts to be deposited into the Void Anonymity Pool (VAP), while still allowing users to withdraw whatever amount they choose, leaving the rest in the pool to earn VAP rewards and keep Total Value Locked (TVL) high. With these set deposit amounts, it is impossible to trace a withdrawal wallet to a deposit wallet because all of the input values are the same.

Another huge bonus that Void adds, is that all deposits in UST into the pool will be put into Anchor Protocol (ANC) to earn 20% APY. This is what provides the VAP rewards mentioned above. This helps keep capital productive whilst being held in the pool and reduces opportunity cost. The biggest downside to Void is that to achieve a good level of anonymity, users will have to leave their funds in the pool for weeks or potentially months to allow other transactions to take place. However, once TVL reaches a sufficient level, users will be able to withdraw their funds much more quickly.

Conclusion

To those who are new to the blockchain and cryptocurrency world it may seem that it is the solution to all of our financial woes, but unfortunately, in their current state, blockchain networks are not even close to real privacy, and while some solutions exist, most are far from perfect. Private blockchains create their own security problems and stray from the idea of decentralisation, privacy coins limit users and risk extreme price volatility, and certain mixing services can be very easy to trace. Void Protocol will provide a solid financial privacy option to users of the Terra Network, a network that so far has a whole lot of support and enthusiasm to be adopted for mainstream use not too far in the future.

-Gretskies

Please come and join the Discord and get involved in the discussions! We also love to host giveaways and are always looking for other ways to show gratitude to our amazing community around the VOID 🌑.

Void Protocol Links

🌑 Docs: protocolvoid.gitbook.io/void-protocol/

🌑 Twitter: https://twitter.com/ProtocolVoid

🌑 Discord: discord.gg/U9MXyT6a7K

🌑 Medium: https://voidprotocol.medium.com/