Secret Network adds private management to its DeFi project | DeFi Check

Secret Network adds private management to its DeFi project

Privacy-focused Secret Network is launching private management on the chain for SecretSwap, its automated market maker.

SecretSwap works similarly to Uniswap or SushiSwap, but also has privacy features, including "front-loading" resistance, which is a bot attack (or trade) strategy on the Ethereum network in which a bot gets a transaction first in the execution queue, just before a known future transaction occurs.

Running the management tool means that SEFI SecretSwap token holders can vote in the private system by default. In a blog post announcing the launch, the community said it would help "secure the integrity and sovereignty of decentralized SecretSwap governance."