COTI Announces PriveX: A Perp-Dex for Humans and Agents – The Era of DeFAI Begins
Tel Aviv, Israel, January 29th, 2025, Chainwire
COTI, the fastest, lightest Web3 privacy layer, is proud to announce the launch of PriveX, the first intent-based Perpetual Decentralized Exchange (Perp-DEX) on the COTI network. PriveX combines cutting-edge AI Agent capabilities with innovative intent-based technology to give users unparalleled control over their trading strategies in a secure, decentralized environment – marking the evolution from DeFi to DeFAI.
At its core, PriveX is an intent-based Perp-DEX, but through collaboration with both Symm.io for best-in-class infrastructure and IntentX for its intuitive frontend, PriveX is able to tap into the vast liquidity pools of Centralized Exchanges (CEXs). This means traders can enjoy the best of both worlds – the integrity of a decentralized ecosystem coupled with access to deep liquidity across major centralized exchanges, starting with Binance.
PriveX is also leading the way for the next generation of AI-powered trading. For the first time, users can create and configure their own AI trading agents and train them on custom data sets to execute on a wide range of strategies. AI Agents on PriveX are able to continuously monitor market conditions to optimize trades, and can even promote themselves on social media.
Agents also come with their own vaults, allowing users to leverage agents’ successful trades. Users can allocate funds to top-performing agents and let their strategies work for them, while they stay in control.
PriveX is currently operational on Base network, but will shortly migrate to COTI’s Mainnet. The transition will introduce a suite of privacy features that are set to redefine proprietary trading in DeFAI. Users will be able to execute complex trading strategies with confidence without compromising their data or strategies.
To incentivize early adopters and active traders, PriveX has introduced a comprehensive points system that rewards trading activity and platform engagement. Users can earn points through their activity, which can later be redeemed for $PRVX tokens and exclusive rewards within the PriveX ecosystem.
As a COTI-incubated project, PriveX encapsulates COTI’s mission to pioneer a new, secure, and comprehensive Web3 infrastructure. The migration to COTI’s Mainnet, and the debut of AI trading agents is a leap into the future. By launching the first perpetual DEX on COTI, PriveX is leading the charge toward secure, efficient, and user-friendly decentralized trading.
About COTI
The COTI Network is the fastest, lightest confidentiality layer in web3, powered by the breakthrough cryptographic protocol Garbled Circuits. A member of the Enterprise Ethereum Alliance, COTI introduces the most advanced and compliant solution for data protection on the public blockchain, paving the way for the next wave of Web3 innovation and adoption. COTI unlocks a whole new world of use cases, including DeFAI, RWAs, Security, Identity, and more.
Learn more: https://www.coti.io/