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# Secret Network Launches Privacy Enabled Ethereum Bridge
- URL: https://dexplain.com/secret-network-launches-privacy-enabled-ethereum-bridge/
- Published: 2021-02-08T11:20:00.000Z
- Updated: 2021-12-03T11:21:48.000Z
- Description: Secret Network launches privacy enabled Ethereum bridge. Move ETH or DeFi tokens across for private transactions. Secret DeFi is coming.
- Author: wizardfromspace
- Tags: Secret Network, Ethereum, Privacy, defi, Cryptocurrency, Blockchain

Secret Network’s first privacy enabled [Ethereum](https://dexplain.com/tag/ethereum) bridge is now live on mainnet and ready for use. This is a bridge which enables users to create secret versions of ETH and their favourite ERC-20 tokens.

## What are Secret Tokens?

You can think of Secret Tokens much like your typical ERC-20s, as in they’re compatible with all the programmability of smart contracts and [DeFi protocols](https://dexplain.com/tag/defi). However, they enable you to transact with them privately much like how a privacy coin such as Monero or Zcash functions. As a result, Secret Token contracts keep all interactions private through encryption. This means that they will only be viewable to address owners or holders of the so called *Viewing key*. These types of tokens follow a new standard called [SNIP-20](https://forum.scrt.network/t/secretscrt-privacy-tokens-are-live-on-mainnet/2222?ref=dexplain.com). Essentially, a privacy token standard inspired by CosmWasm’s CW20 and Ethereum’s ERC-20.

![](https://dexplain.com/content/images/2021/12/secret-bridge.webp)

**Bridge Mining:** Currently the privacy enabled Ethereum bridge supports ETH along with numerous DeFi tokens and stablecoins. A liquidity program will go live in January, where users of the bridge who lock up their assets will earn SCRT rewards.

- The team is planning to allocate up to 2 million SCRT towards community and liquidity mining rewards. Learn how to use the bridge [following this tutorial](https://scrt.network/blog/secret-ethereum-bridge-is-live-on-mainnet?ref=dexplain.com), so you’re ready to farm rewards immediately.

**Secret DeFi:** Secret is a privacy-enabled blockchain with smart contract support. The team has announced future plans include releasing more critical DeFi applications such as an [automated market maker](https://dexplain.com/what-is-mooniswap-the-new-automated-market-maker-by-1inch/). Privacy-enabled [yield farming](https://dexplain.com/tag/yield-farming) on the horizon?