Obi Joins the Confidential Computing Constellation

23 Feb 2024

1 min read

Obi Joins the Confidential Computing Constellation

Secret announced a partnership that will bring Obi, a new all-chain account abstraction protocol employing Secret Network technology, to the Confidential Computing Constellation!

Obi will be licensing technology for its all-chain accounts based on Secret Network’s TEE-powered private smart contract Сosmos SDK chain. The Obi network will serve the Obi account abstraction wallet and SDK, enabling additional throughput and redundancy and aligning stakeholders with the final product. Obi will be working closely with Secret Network’s core contributors to transfer their current product from app to network, and will be seeking out validators to participate in the new network.

This all-chain account technology will use SCRT as the gas coin for Obi’s core cryptographic operations, financially aligning the project with Secret Network and the larger constellation vision. To license TEE technology, Obi will transfer 8% of the supply of the future Obi protocol tokens to the Secret Network Community Pool. Tokens transferred will follow a vesting schedule. SCRT Labs will also be receiving a smaller allocation of Obi tokens.

SCRT Labs will be providing Obi with technical support in deploying and maintaining the new network, while Secret Network Foundation will be supporting with marketing.

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