A Proposal for Shielded Assets (ZSA/UDA) for DeFi on Zcash

[ml_sudo]

So happy to see the work done by @LeCryptoMath and team, both on this thread and at #zcon3 in Vegas.

For those who are interested in DeFi on Zcash, especially on the IBC and Ethereum ecosystems, see this bridge proposal by @cwgoes of Namada / Anoma, which he posted after watching the FROST update at Zcon3.

Proposed architecture for a Zcash <> Namada / IBC ecosystem / Ethereum ecosystem non-custodial bridge using FROST multisignatures

I had a nice chat with the fine folks working on FROST at Zcon3 today and thought I’d put down a few thoughts on a potential Zcash <> Namada / IBC ecosystem / Ethereum ecosystem bridge while they were top-of-mind. Quick summary: Heliax is interested in building a non-custodial bridge between Zcash and the IBC & Ethereum ecosystems as part of our Namada blockchain. Namada is a sovereign, proof-of-stake, Tendermint-based blockchain with various features (see specs), but the proposed architecture…