Nillion is building Encrypted Markets. Covenants are the primitive that makes them possible. They let users seal an instruction to a condition, post it onchain encrypted and have it unlock only when the condition is met. Today, we’re releasing the roadmap. 🧵👇

FactFriday - @nillion This week’s Spotlight is on Nillion, the privacy-focused network building Encrypted Markets, where sensitive instructions stay hidden until the right conditions are met. Here’s what you need to know: Encrypted Markets Roadmap: Nillion has laid out a seven-phase roadmap for Encrypted Markets, moving from Covenants on Ethereum toward multichain settlement, private conditions, post-quantum security, and lower-cost scaling. Dusk Live on Sepolia: Dusk, the first phase of the roadmap, launched on Ethereum’s Sepolia testnet in August. It brings condition-based Covenants onto a public testnet ahead of the Ethereum mainnet rollout. First Covenants App Is Live: The first Covenants-powered application is now live on testnet, allowing users to encrypt a conditional instruction and keep it private onchain until a price or time condition is met. Chainlink CCIP Integration: Nillion integrated Chainlink CCIP to bring NIL to Hyperliquid, connecting the network with one of crypto’s most active trading ecosystems. Sources: nillion.com/news/the-road-to… nillion.com/roadmap docs.nillion.com

INTENTS - abstract execution COVENANTS - seal the strategy RESULT - the instruction waits privately until it fires and the trade settles

Nillion’s Encrypted Markets roadmap moves across seven phases: 1️⃣ Dusk · August - Nov 2026 Brings Covenants to Ethereum L1 with the first app live, condition-gated events, permissionless nodes, tokenomics, node kit, and SDK. 2️⃣ Darkfall · Nov 2026 - Feb 2027 Expands Covenants across EVM chains with chain-specific tooling and stronger node accountability. 3️⃣ Skyglow · Feb - May 2027 Adds cross-chain settlement, letting conditions be observed on one chain and settled on another. 4️⃣ Nightside · May - Aug 2027 Introduces custom condition logic using observable data feeds. 5️⃣ Neon · Aug - Oct 2027 Adds a Covenants language and VM with stronger developer guardrails. 6️⃣ Aurora · Oct 2027 - Jan 2028 Hardens Covenants for a post-quantum world. 7️⃣ Moonshine · Dec 2027 - Feb 2028 Scales Covenants toward everyday use with cheaper data, ZKP-verified reveals, and coprocessors. This is the path from sealed instructions to market activity that can stay private until execution.

If you run a podcast, livestream, or spaces regularly. We want to come on and discuss private money, private markets, and the future of the privacy space in crypto. My Dms are open!

The old model: onchain markets expose intent before it can execute. The new model: intent stays encrypted until the condition to act is met.

Markets are spreading across chains. Privacy shouldn’t stop at one. Covenants are built to bring private, condition-based intent across the networks where onchain markets live. That’s the roadmap to Encrypted Markets.

Reminder: impersonation pools and fake NIL contracts circulate regularly. The two NIL pools on Uniswap supported by the Nillion Association (both Uniswap v4, Ethereum mainnet, 0.30% fee tier) NIL/ETH pool: 0xee31ad1aaec704ef00f1a6966ce274b43081d083ed5cd2ebc4df67df830d812c NIL/USDC pool: 0xc63eb6794f7b98afa83a350eceb9052401c6da65e2e27d8b3479e12bbc720b91 NIL token: 0x7Cf9a80db3B29eE8efE3710AadB7b95270572d47 Always verify addresses before interacting. app.uniswap.org/explore/pool… app.uniswap.org/explore/pool…

Nillion is building Encrypted Markets, and $NIL is becoming intrinsic to how they run. • Developers pay in NIL • Node operators stake NIL • Rewards are paid in NIL $NIL is moving from access token to network economy.

Need that stop on Hyperliquid private? Nillion solves this.

Nillion seals intent until execution, unlocking: • Stops that can't be hunted • Bids sealed until clearing • Silent vault rebalancing • Sniper-resistant launches • Cross-chain deals, one shared condition • Strategies hidden until execution Welcome to Encrypted Markets.