NEAR launches cross-chain transaction privacy execution feature, Confidential Intents

NEAR has launched the Confidential Intents feature, which is a built-in cross-chain transaction privacy execution function within NEAR Intents, aimed at addressing the long-standing issue of transaction transparency in DeFi.

Confidential Intents builds a restricted visibility execution environment through NEAR private shards, making transaction details invisible to the outside during the settlement process. Users can freely switch between their main account and confidential account within the application, enabling confidential mode for operations such as transfers, deposits, and withdrawals. The privacy feature for currency swaps will also be launched soon. This feature is targeted at institutional capital, enterprise users, and advanced DeFi users, providing a privacy protection layer for cross-chain positions.