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 C on Competitive Edge
Rated C 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

  • As of June 16, 2026, DeFiLlama shows $128,963 TVL, proving continued on-chain usage.
  • Renegade’s May 2026 exploit recovered $190,000, limiting net protocol loss to roughly $21,000.
  • The team still markets live trading on Arbitrum and Base, indicating active product support.

What critics are saying

  • May 11, 2026’s V1 Arbitrum exploit exposed initialization and migration failures.
  • Only 7% of trading touched V1, but hidden control-path bugs threaten V2 and Base.
  • Another privacy breach destroys user trust and kills Renegade’s institutional dark-pool thesis.

What makes Renegade unique

  • Renegade runs a live on-chain dark pool on Arbitrum and Base, not transparent AMM.
  • Its midpoint-pegged trades use Binance bid-ask anchoring, avoiding slippage and price impact.
  • MPC and zero-knowledge privacy hide balances and trade history from counterparties and observers.

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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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