Penumbra · interactive mechanism simulation

IBC deposits mint shielded notes → private swap intents queue against public liquidity → a batch clears once per block at one uniform price → outputs and staking rewards return into the shielded pool. Governance votes gate each phase on. Edit the parameters and watch the shielded flywheel change.
IBC chains 1.2 deposits/s Shielded pool notes · ephemeral addrs 0.0 kUM shielded 0 notes Public LP positions depth 18 · visible Batch clearing clears every 3.0s Validators private delegation 40% staked · 8% APR Governance gate phase 0 · locked votes ratify each phase
IBC deposits
0
0.0 kUM shielded
Swaps cleared
0
0 pending in batch
Batch clearing price
1.000×
UM staked
0.0 kUM
exchange rate 1.000×
Parameters — edit me
1.2/s
3.0s
18
40%
8%
Controls

Illustrative simulation. Defaults mirror the researched Penumbra mechanism (shielded IBC deposits, private swap intents batch-cleared once per block at a single uniform price against public liquidity, private delegation with an epoch exchange rate, phased governance-gated activation), but deposit sizes, timing, and prices are randomized for visualization — not live onchain data. The drought button illustrates Penumbra's real commercial failure mode: thin cold-start liquidity behind the shielding boundary. Part of The Onchain Experiment Atlas.