Common AMM launches on Aleph Zero: The First Step Towards Releasing the Ultimate ZK DeFi Suite

Zug,
Switzerland,
May
21st,
2024,
Chainwire

Cardinal
Cryptography,
core
developer
of
the
zero-knowledge,
privacy-focused
blockchain

Aleph
Zero,
announced
today
the
launch
of
Common
Automated
Market
Maker
(AMM),
the
first
mainnet
release
of
a
novel
DeFi
platform,

Common.
Positioned
as
a
decentralized
exchange
(DEX),
Common’s
Automated
Market
Maker
(AMM)
delivers
a
user-friendly
trading
experience,
complete
with
the
built-in
bridge
between
Aleph
Zero
and
Ethereum,

MOST,
and
the
initial
rollout
of
the
platform’s
broader
capabilities. 

Introducing
Common
AMM
and
Bridging
on
Aleph
Zero

With
the
Common
AMM
rollout,
Common
takes
the
first
step
on
a
journey
to
becoming
a
multi-chain
DeFi
suite
designed
to
optimize
the
trading
experience
by
addressing
trading
efficiency,
enhancing
on-chain
confidentiality,
and
boosting
liquidity–all
while
ensuring
users
retain
full
custody
over
their
assets.
Rooted
in

research
developed
by
Cardinal
Cryptography
and

Nethermind,
Common
will
transcend
traditional
trading
platforms
by
integrating
a
comprehensive
all-in-one
app
experience.
This
will
include
a
built-in
wallet,
seamless
on-
and
off-ramps,
and
IBAN
account
integrations,
setting
a
new
standard
in
user
convenience
and
financial
integration. 

Launched
on
Aleph
Zero,
Common
AMM
embodies
the
network’s
commitment
to
on-chain
privacy,
robust
security,
and
high
performance
within
a
user-friendly
framework. 

Key
Features
of
Common
AMM
Now
Live:

• 
  Liquidity
  Pools
  and
  Farming:
  Allows
  users
  to
  provide
  liquidity
  and
  to
  potentially
  earn
  through
  farming,
  starting
  May
  21st.
• 
  Bridging:
  Common
  AMM
  includes
  a
  built-in
  bridge
  between
  Aleph
  Zero
  and
  Ethereum
  called
  MOST,
  which
  allows
  users
  to
  seamlessly
  move
  assets
  between
  the
  different
  networks.
• 
  Swapping
  Mechanism:
  Enables
  straightforward
  token
  exchanges,
  to
  be
  enabled
  on
  May
  23rd,
  after
  a
  liquidity
  building
  period.

Looking
forward,
Common
is
set
to
expand
into
a
full-scale
DeFi
suite,
as
detailed
in
the
Common
Whitepaper.
Future
upgrades
will
include
a
privacy-enhanced
order
book,
comprehensive
solutions
for
institutional
trading,
as
well
as
support
for
EVM-based
blockchains.
These
features
are
built
on
Aleph
Zero’s
commitment
to
data
confidentiality
and
regulatory
compliance,
addressing
the
needs
of
an
evolving
DeFi
environment. 

Common
Drops:
A
New
Reward
Initiative

Concurrent
with
the
launch,
the
Common
Drops
campaign
will
reward
the
community’s
engagement.
These
tokens,
initially
non-transferable,
will
later
be
redeemed
for
CMN,
the
platform’s
native
token,
after
it
goes
live.
Users
can
participate
in
Drops
by
staking
AZERO
and
providing
liquidity
in
Common
AMM. 

For
more
information,
users
can
refer
to
the
latest

blog
post. 

Navigating
Regulatory
Challenges
with
Privacy-Focused
Solutions

As
regulatory
landscapes
evolve,
Common
offers
a
robust
platform
that
aims
to
seamlessly
blend
stringent
compliance
with
financial
privacy. 

Uses
can
experience
seamless
trading
on
Common
AMM
today
and
follow
the
development
of
the
Common
platform
as
it
evolves
to
become
the
ultimate
privacy
DeFi
suite. 

For
more
information
about
Common,
users
can
visit

https://common.fi/
and
read
the

Common
Whitepaper.
Users
can
already

try
the
app
on
the
Aleph
Zero
Mainnet.

About
Aleph
Zero

Aleph
Zero
is
a
layer
1
blockchain
engineered
for
speed,
data
confidentiality,
and
ease
of
development.
It
achieves
efficiencies
akin
to
conventional
web2
systems,
upholds
rigorous
standards
for
data
protection
via
Zero
Knowledge
Proofs.
Aleph
Zero’s
versatility
is
highlighted
by
over
40
use
cases
being
actively
developed,
showcasing
its
adaptability
across
various
sectors
and
applications.
These
use
cases
are
part
of
an
engaged
community
and
growing
ecosystem
of
web3
applications
that
are
supported
by
Aleph
Zero
programs.

For
more
information,
users
can
visit

https://alephzero.org/ 

For
media
inquiry

Josh
Adams, [email protected] 

Contact

PR
Manager
Josh
Adams
Cardinal
Cryptography
[email protected]