Offshift is creating an ecosystem of Private DeFi Applications that offer privacy, anonymity, and confidentiality on Ethereum Layer 1. Powered by the XFT token, the ecosystem leverages Chainlink's decentralized oracle network to enable users to mint private synthetics. The ecosystem's debut platform, Offshift anon, is in development, and the XFT token plays an important role in its Tokenomics. The project's Burn-and-Mint Mechanism lets users burn XFT to mint private synthetics and vice versa. The team behind Offshift is anonymous, but they have a reputation for thorough privacy research, development, and execution. XFT is available on various DEXs such as Uniswap and PancakeSwap.
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