[ 01 / THE PROBLEM ]
Public Exposure
Traditional public auctions expose your bids and trading strategies. Everyone sees exactly what you're doing, leaving you vulnerable to front-running.
[ 02 / THE COMMITMENT ]
Zero-Knowledge Bids
Penumbra leverages stealth addresses and ZK-proofs. You submit a sealed bid that remains cryptographically hidden on-chain.
[ 03 / THE REVEAL ]
Trustless Settlement
Once the auction concludes, bidders reveal their commitments. The smart contract autonomously settles the auction in a provably fair manner.