Bringing Sealed-Bid Auctions Onchain

1/ Auctions are everywhere in DeFi, but their transparency can lead to manipulation, security issues, and inefficiencies.

Encrypted Execution Environments (E3) use FHE, ZKPs, and MPC to make true sealed-bid auctions possible onchain.

Bringing Sealed-Bid Auctions Onchain

1/ Auctions are everywhere in DeFi, but their transparency can lead to manipulation, security issues, and inefficiencies.

Encrypted Execution Environments (E3) use FHE, ZKPs, and MPC to make true sealed-bid auctions possible onchain. https://blog.enclave.gg/sealed-bid-auctions-with-fhe-zkp-mpc/

A protocol for Encrypted Execution Environments

3/ How Enclave Solves This

Using advanced cryptography, Enclave makes true sealed-bid auctions possible onchain, preserving bid privacy & eliminating the need for a trusted auctioneer.

Only necessary data (e.g. winning bid) is ever revealed.

4/ What Makes Enclave Different

🔒 Bid data stays completely private
🤝 No trusted auctioneer needed
✅ Results are verifiable without revealing bid data
🔐 Strong cryptographic guarantees using FHE, ZKPs, and MPC/DTC.

5/ Auction Process in Brief

⚫️ An E3 is requested for an auction
⚫️ Ciphernodes are selected to secure the auction
⚫️ Participants submit encrypted bids
⚫️ Bids are processed by the E3 without decryption
⚫️ Auction results are verified and published, without a trusted auctioneer

6/ Use Cases

- Liquidations 
- Token Launches 
- NFT Sales 
- Solver Competitions 
- MEV Solutions 
- Protocol Maintenance

7/ Why It Matters

E3s offer distinct advantages for onchain auctions:

✅ Efficient Capital Usage
✅ Frontrunning Protection
✅ Fair and Secure Environment
✅ Aligned Incentives
✅ Increased Participation

8/ Build Auctions with Enclave

To learn more about implementing sealed-bid auctions with Enclave, join the the Enclave Telegram group: https://t.me/enclave_e3

✨ This is the perfect time to partner up and build alongside us!

Read the full post:

8/ Build Auctions with Enclave

To learn more about implementing sealed-bid auctions with Enclave, join the the Enclave Telegram group: https://t.me/enclave_e3

✨ This is the perfect time to partner up and build alongside us!

Read the full post: https://blog.enclave.gg/sealed-bid-auctions-with-fhe-zkp-mpc/

2/ Today's onchain auctions are used for everything from liquidations & token launches to NFTs & MEV. But their open formats can result in higher costs and sub-optimal outcomes.

Sealed-bid auctions are ideal solutions, but hard to implement onchain.