Introduction to Void
DISCLAIMER: This is the Litepaper, there may be slight variations in final decisions.
We believe for a network to be truly decentralized, it is of utmost importance that users have full autonomy over their funds, this includes the option of anonymity.
Void protocol gives users control over financial anonymity, as an non custodial opt-in financial privacy service. By depositing fixed amounts into the contract, waiting, then withdrawing to a brand new wallet, funds will be untraceable back to the original wallet.
Void Protocol will operate in a completely decentralized manner, this offers major benefits in terms of security, transparency and peace of mind for the users. In time the protocol will operate under full control of the Void DAO.
As privacy is not by default on the majority of blockchains, the fast expanding world of DeFi must have privacy solutions for those who decide to opt in to financial privacy. Void Protocol's main focus will always be offering this solution and to ensure every step is taken to offer maximum privacy to the user.
We firmly believe in the future of decentralization, it offers many advantages to the future and longevity of Void Protocol, it also empowers the users of the protocol to take part and have a say. This also means all steps will be taken where possible to take the decentralized approach, including open source and full DAO implementation.
One drawback of the anonymity pool approach is that in order to achieve reliable anonymity, you must wait some time for other deposits and withdrawals to occur after your deposit has entered the pool. This means users opting for privacy may have to wait weeks or even months depending on TVL (Total Value Locked) to withdraw their funds. A key focus of Void Protocol is to ensure capital in the pool remains productive while this process occurs.
Interoperability The Osmosis ecosystem and, by extension, the Cosmos ecosystem is full of brilliant people building amazing projects, all with like-minded goals of building the future of DeFi. Through the IBC (Inter-Blockchain Communication Protocol), the number of accessible projects to Void protocol will be huge and only expanding every day. It's easy to see the value of what is growing and Void Protocol plans to make it as easy as possible for integration and collaboration.