Panther, a DeFi-focused privacy preservation protocol for digital assets, released its white paper June 16, 2021.

Formed in 2020 by leading entrepreneurs and technologists, Oliver Gale (CEO) and Anish Mohammed (CTO), Panther Protocol positions itself as a decentralized privacy meta-protocol that enables confidential and reliable transactions and interoperability in DeFi.

In their white paper, the project distills their innovative thinking on on-chain privacy and proposes an end-to-end approach that exploits the non-interactive, zero-knowledge succinct knowledge argument (zkSNARK) and a game theory model for pricing. confidentiality.

At the heart of their privacy solution is what they call zAssets, a new, fully secured, privacy enhancing asset class. Users deposit digital assets like BTC, ETH, and USDT into Panther Vaults and can redeem their new zAssets (zBTC, zETH, zUSDT) on DeFi.

The paper covers notions of privacy, emphasizes the importance of on-chain privacy, and dissects the privacy / compliance dilemma, proposing that privacy and compliance can indeed coexist. The document also covers the privacy economy and presents the building blocks for maintaining privacy in DeFi, as well as options for implementation.

Finally, the white paper describes the architecture of the protocol, with the actors of the network and its components, the design objectives and principles, and the project roadmap.

Some of the more interesting points are the description of how zAssets was created and burned, their interesting take on exploring privacy (which rewards network participants who bootstrap the protocol from the point of view of the anonymity).

The thoughts behind their privacy-centric portfolio and the Panther DAO, which seeks community alignment through quadratic voting. The diagrams are well done, easy to understand and give a clear picture of what is on offer.

Another innovative feature of Panther detailed in the white paper is the way it handles disclosures.

Panther offers users a customizable level of privacy at the transaction level, giving end users full control over their privacy settings. While also allowing Panther to become scalable from a compliance standpoint.

The main objectives of the protocol are explicit:

  1. provide a secure and private transaction ecosystem with a superior user experience,
  2. maintain composability with decentralized finance protocols (DeFi),
  3. guarantee confidentiality based on a game theory model,
  4. establish verifiable relationships of trust between participants,
  5. develop a new price discovery mechanism for privacy.

CEO Oliver Gale, who is also a pioneer of the CBDC, said, “We believe Panther can offer retail and institutional users the right balance between privacy and compliance. If we bring society to a level where compliance is verified through zero-knowledge evidence, Panther will have helped solve one of the biggest privacy challenges, while protecting users from the prospect of a savings. dystopian surveillance. The ultimate goal of the protocol is to provide users with freedom and sovereignty. “

Panther recently announced that it has successfully raised $ 8 million in private rounds for its interoperable privacy solution for DeFi. Funds were raised from over 140 investors demonstrating the scale and interest of the project, as well as a community approach to fundraising.

CTO Dr. Anish Mohammed, who is also known for his more than 20 years in security and cryptography, for being an early advisor to Ripple, an evaluator of Ethereum orange paper, and for his work in several projects such as Ocean and Boson, Completed: One of the transformative technologies developed over the past 30 years is zero-knowledge proof, which allows you to prove that you are telling the truth without revealing the underlying data or the secret. It is fascinating to be able to put this powerful technology at the service of our project. It changes the game.

For more information, consult the white paper.

About the Panther protocol

Panther Protocol is an end-to-end privacy protocol for DeFi. Panther provides DeFi users with fully secured digital assets enhancing privacy, leveraging crypto-economic incentives and zkSNARKs technology.

Users can create zero-knowledge zAssets by depositing digital assets from any blockchain into Panther vaults. zAssets will become an ever-expanding asset class for users who want their transactions and strategies to be as they always should have been: private.


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