Monad introduces privacy infrastructure Unlink

Monad (MON) has introduced Unlink, a new privacy infrastructure. Unlink enables users to hold and use funds on-chain while completely concealing transaction details and counterparties. Users can deposit ERC-20 tokens into the Unlink contract, where their balance is stored as an encrypted proof. This allows for deposits, transfers, withdrawals, and the execution of external smart contracts. The system integrates with Monad's existing DeFi ecosystem without requiring a separate cross-chain process.