Sacred - DeFi Privacy

[Sacred]

Project Title: Sacred (Sacred Finance)

Project Description:
Sacred has developed an interoperable, non-custodial privacy DApp that transfers assets anonymously. By enabling users to send private transactions and breaking the on-chain link between the depositor’s address and the withdrawer’s address, Sacred leverages ZK-SNARK proofs to secure the transaction’s privacy. Lunching on the Conflux Network May 2021.

Channels:
Website: https://sacred.finance/
Twitter: https://twitter.com/SacredFinance_
Medium: https://sacredfinance.medium.com/
Discord: https://discord.gg/EH27XHGDQj
Github:https://github.com/Sacred-Finance
Gitbook:https://app.gitbook.com/@sacred/s/sacred-finance/

** High-level Deliverables**:

V1

1. Private transactions through ZK-SNARK proofs
2. Low/no gas fees - accessible for small transactions
3. Trustless
4. Smart Contracts audited by CertiK

V2

1. Immutable the trusted set up ceremony will happen for V2
2. Token Economics mining feature
3. Decentralized- creating DAO
4. Integration with Shuttleflow

Grant Funding Tier
Grant Status: approved 50k

Recent Updates:

• Smart contracts completed and undergoing an audit by CertiK
• V1 test net to be launched May 17th
• Accepted to Open DeFis’ Launchpad program

[Conflux_Cami]

Thank you Sacred Finance for sharing your update with the community.

[Sacred]

We are excited to announce testnet launched and we have started implementing feedback into V1 launching in June!

See app here: https://app.sacred.finance/

[Conflux_Cami]

@Sacred What are the timelines for V1 and V2? Can you please provide a link to your audit report.

[Sacred]

Audit by Certik

Timelines:

• Target: June 11th-13th: V1 Beta will be launching- just implementing some bug fixes from user feedback (which was amazing) from the test network.

• Target: End of Q3: V2 will include the trusted setup ceremony, incognito mining and the creation of the DAO

Stay tuned and drop us a line if you have any questions on either Twitter or discord.