Nillion: Encrypted Covenants Go Live on Ethereum Mainnet - 28 Sep 2026

Nillion has launched Covenants on Ethereum mainnet. Covenants are encrypted, condition-gated agreements that are created and resolved without any single trusted party. The first covenants are now live, with resolution handled in a trust-minimized way through the protocol's infrastructure rather than a designated intermediary.The launch puts Nillion's sealed conditional execution into production, activating the core utility case for NIL. Permissionless nodes that participate in covenant resolution can earn staking rewards, and the release establishes baseline tokenomics around that activity. For holders, this provides a live product to stake into and a concrete mechanism to price, rather than a roadmap commitment. Covenant resolution depends on the network's node set performing correctly, so reliability of that distributed process remains the practical constraint to watch as usage grows.Need that stop on Hyperliquid private?Nillion solves this.