Paradex has unveiled Privacy Perps, a new system designed to bolster privacy for traders by utilizing encrypted RPC to safeguard account and location data. This system ensures that only users and Paradex have access to sensitive information such as order details, positions, and balances. A committee comprising Paradex, the Paradex Foundation, and Karnot manages the decryption keys necessary for state recovery. This initiative aligns with increasing demand for privacy in trading, especially as new token listings surge and traders navigate changing inflation data.