Common

CMN Price

About Common (CMN)

Common is a privacy-enhanced DeFi suite on Aleph Zero that provides users with a secure environment for trading, earning, and managing assets without exposing their financial history.

• Utilizes Zero-Knowledge Proofs to shield transaction details and account balances from public view.
• Features a private order book DEX that conceals order values to mitigate frontrunning and MEV exploits.
• Integrates an MPC wallet to ensure secure, non-custodial asset management across multiple blockchain networks.

What Is Common

Common is a decentralized finance ecosystem designed to bring institutional-grade privacy to on-chain transactions. It addresses the inherent transparency of public blockchains, which often exposes sensitive financial data, by providing tools that shield assets. Value moves through the system via a shielded token pool where users can deposit assets like stablecoins to make them private. The CMN token is intended to be put to work within the suite, potentially for protocol service fees, though the source focuses on its role in the broader ecosystem utility. The system scales by supporting multiple chains including Aleph Zero, Arbitrum, and Ethereum, allowing for interchain privacy.

What Makes Common Unique

• Private Order Book: Unlike traditional DEX designs that use transparent order books or automated market makers, Common conceals the values of orders until execution.
• TraceBreaker Tool: A dedicated feature that allows users to unlink their wallet addresses by depositing into a shielder contract and withdrawing to a new address.
• MEV Mitigation: Uses a two-stage order matching process and aggregated reveals to redirect profits from MEV back to users.
• Shielded Yield: Enables users to earn yield on their assets while maintaining privacy, a feature often missing in standard DeFi protocols.

What Can You Use Common for?

• Private Trading: Execute trades on a decentralized exchange without revealing the size or timing of orders to the public.
• Asset Shielding: Convert transparent public assets into shielded versions to protect financial history and balances.
• Traceability Removal: Use the TraceBreaker tool to break the link between different on-chain addresses.
• Secure Storage: Manage assets using an MPC wallet that splits keys to enhance security against theft.

How Does Common Work?

Common is built on the Aleph Zero blockchain and utilizes zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge) to verify transaction validity without revealing underlying data. The platform employs Multi-Party Computation (MPC), a cryptographic technique that allows multiple parties to compute a function while keeping their inputs private. Orders are matched in two stages: an internal matching phase followed by a Dutch Auction, which helps in efficient price discovery and reduces the impact of frontrunning. As an application-layer suite, users may pay protocol service fees for various privacy features.

Team Info and Investors

Common is developed by Cardinal Cryptography and Nethermind Research, two firms specializing in blockchain infrastructure and cryptography. The project's security has been validated through audits by Kudelski Security and zkSecurity, focusing on the shielder contracts and mobile application. The source does not specify individual early investors or a formal governance structure.

Where can you buy Common?

CMN tokens are currently unavailable to trade on exchanges listed on CoinGecko. Information will be updated when the token is available on centralized/decentralized exchanges.

When can we expect Common (CMN) tokens to launch?

While CoinGecko cannot provide details on the launch of CMN tokens, you can stay updated on CMN's price movements by adding CMN to your watchlist.