Pheasant Network made significant progress in its latest weekly update (November 24-30):

• MegaETH Integration: Successfully integrated with @megaeth, expanding cross-chain capabilities

• Token Distribution Infrastructure: Designed database architecture for upcoming token distribution system

• Product Updates: Released enhanced relayer system and frontend improvements in v4.​23.​0

• Roadmap Clarity: Published updated roadmap and focus areas for community transparency

These developments build on previous work including the claiming page design and token distribution research from earlier updates.​

Hinkal launches confidential payments on Arbitrum, enabling users to transfer assets without revealing wallet identities or transaction amounts.​

Key features include:

• Zero on-chain visibility - both token names and values are encrypted
• Dynamic address generation - unique private addresses prevent tracking
• $270M in volume already processed through the platform

The system works by allowing users to move assets between private accounts with complete encryption.​ Observers see only encrypted data on the blockchain.​

How it works:

• Click Receive to generate a private address
• Share address with counterparty using Hinkal Wallet
• Send tokens by pasting private address and selecting amount

This represents a significant step toward bringing traditional payment privacy standards to blockchain transactions.​

Moonwell's USDC Vault now supports Ethereum-backed loans directly in the Coinbase app, expanding beyond Bitcoin lending.​

Key developments:

• Curators allocated liquidity to the cbETH/USDC market on Morpho
• Higher borrowing activity drives increased utilization and revenue
• Vault serves as primary liquidity source for ETH-backed loans

Access points:

• Explore USDC Vault
• Real-time tracking

This expansion follows Moonwell's successful Bitcoin lending integration and represents continued growth in institutional DeFi adoption.​