Renegade

Renegade

Privacy-focused on-chain DEX leveraging MPC/ZKP technology

Overview

Renegade is a decentralized exchange that operates as an on-chain dark pool, keeping users' balances and trade histories private from third parties. It uses Multi-Party Computation (MPC) and Zero-Knowledge Proofs (ZKP) to protect privacy and security. Trades occur at midpoint prices to minimize price impact and slippage, which is especially helpful for large orders. The platform earns fees on trades and emphasizes absence of counterparty risk and the inability of others to copy trading strategies. The goal is to provide private, low-friction trade execution in the DeFi market.

About Renegade

Simplify's Rating
Why Renegade is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Data & Analytics

Cybersecurity

Crypto & Web3

Financial Services

Company Size

1-10

Company Stage

Seed

Total Funding

$3.4M

Headquarters

San Francisco, California

Founded

2022

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Simplify's Take

What believers are saying

  • DefiLlama showed $340.45 million cumulative volume by June 16, 2026.
  • Renegade TVL reached $128,963 on Base, showing surviving usage after the exploit.
  • Infinex routed swaps into Renegade in 2025, adding steady private-trading demand.

What critics are saying

  • May 10, 2026 exploit hit Renegade V1 Arbitrum through an unprotected initializer.
  • That bug drained $209,000 across 27 tokens, exposing weak legacy deployment hygiene.
  • Privacy pools invite compliance crackdowns; frontends and counterparties can de-risk Renegade overnight.

What makes Renegade unique

  • Renegade runs an on-chain dark pool, hiding balances and trade histories by design.
  • Midpoint pegs on Binance spreads remove slippage and price impact for size.
  • Live on Arbitrum and Base, with Infinex integration broadening order flow.

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Funding

Total Funding

$3.4M

Meets

Industry Average

Funded Over

1 Rounds

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Meet Average

Industry standards

$3.3M
$2M
Netflix
$2.3M
Instacart
$3M
Robinhood
$3.4M
Renegade

Company News

The Block
Feb 20th, 2023
ZK dark pool startup Renegade breaks cover with $3.4 million from Dragonfly, Naval Ravikant

Renegade is developing an on-chain version of a dark pool, a trading venue common in traditional financial markets.

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