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Aztec to update its Layer 2 network to introduce privacy-focused DeFi on Ethereum

Quick Take

  • Aztec Network is rolling out a new privacy-focused Layer 2 update called Connect.
  • Aztec Connect will enable Ethereum apps to integrate privacy via a bridge.

Aztec Network will update its Layer 2 rollup solution on Ethereum to a new version called Connect.

The new update, which focuses on smart contract data privacy, will go live in the coming days. 

Previously, Aztec has offered a private money protocol called zkmoney, that allowed users to shield data on Ethereum transactions. However, it worked as a standalone solution that didn't allow Ethereum apps to integrate data privacy.

With the release of Connect, the Aztec team is aiming to position Connect as a privacy-preserving alternative to competing Layer 2s like Optimism, Arbitrum and StarkWare.

Popular DeFi apps such as Lido, Aave, Compound, Ribbon, Uniswap have agreed to launch on Aztec. These apps will soon be able onboard their smart contracts to Aztec Connect through a bridge, according to Jonathan Wu, head of growth at Aztec.

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