BlockBeats report: On February 25, NEAR launched the Confidential Intents feature, a cross-chain transaction privacy execution capability built into NEAR Intents, designed to address the long-standing issue of transaction transparency in DeFi. Confidential Intents creates a restricted-visibility execution environment via NEAR’s private shards, ensuring that transaction details remain invisible to external parties during settlement.
Users can freely switch between their main account and secret account within the app, enabling privacy mode for operations such as transfers, deposits, and withdrawals. The privacy feature for currency exchanges is also coming soon. This functionality provides a cross-chain position privacy layer tailored for institutional capital, enterprise users, and advanced DeFi users.