Mycel
The first privacy-preserving order book DEX that enables truly seamless cross-chain trading through revolutionary Account Transfer Protocol, powered by Anoma's intent-centric architecture
Description
Mycel is the first privacy-preserving order book DEX (decentralized exchange) that solves the challenges of cross-chain trading. Through innovative "Transferable Accounts" and the revolutionary Account Transfer Protocol, users can seamlessly trade assets across different blockchains without traditional bridging mechanisms.
Using a threshold signature scheme (TSS), Mycel enables account ownership transfers. This groundbreaking approach allows assets to be transferred across chains without revealing sensitive trading information, ensuring privacy while maintaining security.
Powered by Anoma's intent-centric architecture, Mycel's platform creates a truly unified trading experience across blockchain ecosystems while preserving user privacy and autonomy through its decentralized design.
Program
Purchase NFTs
Become a member of this ecosystem by purchasing project-exclusive NFTs. These NFTs not only have value as collectibles but also provide special rights and access within the ecosystem.
Contribute to the Ecosystem
Contribute to the ecosystem in various ways including participating in community discussions, reporting bugs, suggesting new features, and creating documentation. Leverage your expertise and time to support the growth and development of this project. Active contributors are recognized within the community and can gain special status.
Receive Rewards
Receive various rewards for purchasing NFTs and contributing to the ecosystem. Benefits including special Role acquisition, priority access to future Swag, and token rewards based on your level of contribution are available. Continuous contribution enables access to more valuable rewards.
Details
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Q&A
What is a Transferable Account?
A Transferable Account (TA) is a specialized account structure designed to facilitate secure cross-chain asset management and transfer. It operates using multisig, ensuring that both the user and Mycel jointly manage the account, enhancing security while maintaining decentralization.
How does asset exchange work with Mycel?
Users deposit assets into a designated blockchain account and submit an Intent specifying the asset they wish to acquire. A Solver processes the Intent, matching and executing the swap. After verification, ownership of the respective Transferable Accounts is exchanged, effectively transferring the assets without traditional blockchain transactions.
What makes Mycel's approach unique?
Mycel uses TSS (Threshold Signing Scheme) to enable updating the signing party's composition without changing the multisig account's public key or address. This allows assets to be transferred without executing transactions on the underlying blockchain, creating a more efficient cross-chain experience.
Morphism
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Morphism is an organization focused on accelerating the discovery and distribution of disruptive innovations that place individual freedom and privacy at the center. We believe in connecting global communities with transformative projects that prioritize human autonomy above all. All information provided is for educational purposes only.
The content on this website is strictly for informational and educational purposes. Morphism does not provide financial advice or investment recommendations. Projects featured or discussed through our platform should not be considered as investment opportunities or solicitations.