PENUMBRA

Like the Cosmos Hub, Penumbra supports on-chain governance with delegated voting. Unlike the Cosmos Hub, Penumbra's governance mechanism supports secret ballots. Penumbra users can anonymously propose votes by escrowing a deposit of bonded stake. Stakeholders vote by proving ownership of their bonded stake prior to the beginning of the voting period and encrypting their votes to a threshold key controlled by the validator set. Validators sum encrypted votes and decrypt only the per-epoch totals... Penumbra provides private, sealed-bid batch swaps using ZSwap. ZSwap allows users to privately swap between any pair of assets. Individual swaps do not reveal trade amounts. Instead, all swaps in each block are executed in a single batch. Only the total amount in each batch is revealed, and only after the batch has been finalized. This prevents front-running and provides better execution, but also provides long-term privacy for individual swaps. Users can also provide liquidity by..