Renegade operates as a decentralized exchange with an on-chain dark pool feature. It distinguishes itself from current decentralized exchanges (DEXes) by offering trade privacy. This means users' trading activities, including balances and trade details, remain obscured from all third parties. Renegade addresses issues in current DeFi spot markets by providing pre-trade privacy, ensuring post-trade privacy, eliminating miner extractable value (MEV), and enabling midpoint execution for trades.