This is an abridged version of a press release issued on December 12, 2024
The Midnight network is working with SundaeSwap, NMKR, and Fluid Tokens to bring data protection, regulatory compliance, and a seamless user experience to decentralized finance (DeFi).
Midnight will enable data protection and security across DeFi ecosystems. These ecosystem collaborations underscore our commitment to making Midnight the go-to platform for secure, innovative and compliant decentralized applications (DApps).
“DeFi and Web3 are only as strong as the protections they offer their users,” said Eran Barak, CEO of Midnight. “By working with forward-thinking platforms like SundaeSwap, NMKR, and Fluid Tokens, we’re creating an ecosystem where security and usability work hand-in-hand.
Midnight’s pioneering technology will be essential for safeguarding user data while enabling compliance with regulatory requirements. Here’s how each collaboration is expanding Midnight’s ecosystem:
SundaeSwap: user-centered security
Midnight is working with SundaeLabs to expand the Sundae Protocol onto the network to take advantage of Midnight’s data protection capabilities and bring new levels of security to SundaeLabs' users.
“We’re excited to be working with the brilliant minds on the Midnight team,” said Pi Lanningham, Chief Technology Officer at Sundae Labs. “By working together, we aim to send a clear signal to the community about our commitment to privacy and confidentiality in the DeFi space and evolving the capabilities and features offered by SundaeSwap.”
NMKR: protecting NFT data
Collaborating with NMKR integrates their robust NFT infrastructure with Midnight’s programmable data protection tools.
This collaboration empowers developers to embed privacy controls into NFT applications, enabling selective data sharing to meet compliance standards. Kristian Portz, Co-Founder of NMKR, shared, “Midnight’s approach to data protection aligns perfectly with our vision of creating safe, user-centered NFT solutions. Together, we’re paving the way for a more responsible NFT ecosystem where security and accessibility go hand in hand.”
Fluid Tokens: secure digital asset expansion
Fluid Tokens is bringing NFT-backed lending to leverage Midnight’s data protection functionality to create secure, regulatory-compliant lending solutions. This collaboration adds a vital piece to the DeFi ecosystem, expanding opportunities to use digital assets across the ecosystem for developers and users.
Highlighting the benefits of the collaboration, Fluid Tokens CEO, Matteo Coppola says, “FluidTokens is exploring ways to enable users and institutions to lend and borrow compliantly from anywhere in the world using Midnight's programmable data protection capabilities. Together, we aim to make decentralised finance more easily accessible for the ecosystem”
Integrating innovative DeFi platforms with Midnight’s zero-knowledge technology and selective disclosure capabilities create a DeFi ecosystem where users can be confident their data is protected without sacrificing usability or regulatory compliance.
In the lead-up to mainnet launch in 2025, these ecosystem collaborations form part of a strong foundation to drive the next wave of decentralized innovation on Midnight.
Get the latest updates on Telegram or visit midnight.network to learn more.