@@ -84,7 +84,7 @@ In the mission to produce a robust, private DeFi platform, development teams are
# III. PriFi and the PriFi Standard
Since its explosion in 2020, the DeFi umbrella has expanded convincingly over the landscape of cryptocurrency, attracting investors and enthusiasts whose preferences speak for themselves: **the systemic benefits of privacy and decentralization are undeniable, but the immediate, individual benefits of yield generation are irresistable.** In the current of ever-expanding trade-offs that individuals must forfeit in order to retain privacy, DeFi yields have finally tipped the scales in favor of public exposure. Nonetheless, there remains substantial, untapped demand in Ethereum’s DeFi ecosystem for an ecosystem that eliminates the financial trad-eoffs between privacy and DeFi.
Since its explosion in 2020, the DeFi umbrella has expanded convincingly over the landscape of cryptocurrency, attracting investors and enthusiasts whose preferences speak for themselves: **the systemic benefits of privacy and decentralization are undeniable, but the immediate, individual benefits of yield generation are irresistable.** In the current of ever-expanding trade-offs that individuals must forfeit in order to retain privacy, DeFi yields have finally tipped the scales in favor of public exposure. Nonetheless, there remains substantial, untapped demand in Ethereum’s DeFi ecosystem for an ecosystem that eliminates the financial trade-offs between privacy and DeFi.
In the remainder of this paper, we define the Offshift Ecosystem and its native applications as composing an emergent sector called PriFi (Private Decentralized Finance). To earn the PriFi classification, applications and the synthetic assets they generate must adhere to the PriFi Standard by:
