CZ is back! Former Binance CEO reveals new mega project that makes the crypto world go crazy

CZ proposes building a new generation DEX that hides transaction information

Changpeng Zhao (CZ), founder of Binance , has just shared the idea of ​​developing a decentralized exchange (DEX) for perpetual futures contracts using the “dark pool” model .

This is a step forward to minimize the risk of liquidation point disclosure and prevent market manipulation , especially in the context of completely public trading on DEXs today.

Risks of exposing trading orders on traditional DEXs
CZ believes that public trading orders on current DEXs can be exploited , leaving users exposed to MEV (Maximum Extractable Value) attacks , large slippage , and suboptimal order matching conditions . With futures, the risks are even more severe:

“If someone sees your liquidation point, they can manipulate the market to get you swept,” CZ warned.

Technology Direction: Zero-knowledge Applications and Smart Contracts
To solve the above problem, CZ proposed building a new DEX that hides the order book or delays the display of transactions through smart contracts .

Technical solutions can rely on advanced cryptographic technologies such as zero-knowledge proofs (ZK) .

According to CZ, this model will provide a more private and secure trading space for large investors , similar to the way “dark pools” operate in traditional finance.