Panther Protocol Releases Ambitious Whitepaper for an End-to-End DeFi Privacy Solution

Place/Date: Midtown, Gibraltar – June nineteenth, 2021 at 8:45 pm UTC · 4 min learn
Contact: Panther Protocol,
Supply: Panther Protocol

Panther Protocol Releases Ambitious Whitepaper for an End-to-End DeFi Privacy Solution
Photograph: Panther Protocol

Panther, a privateness preserving protocol for digital property centered on DeFi, has launched its complete whitepaper as we speak. Fashioned in 2020 by main entrepreneurs and technologists, Oliver Gale (CEO) and Anish Mohammed (CTO), Panther Protocol positions itself as a decentralized privateness metaprotocol that allows confidential, trusted transactions and interoperability in DeFi.

Of their whitepaper, the venture distils their revolutionary considering round on-chain privateness and proposes an end-to-end method that leverages Zero-Data Succinct Non-Interactive Argument of Data (zkSNARK), and a sport theoretic mannequin for pricing privateness.

On the core of their privateness resolution are what they name zAssets, a brand new, totally collateralized, privateness enhancing asset class. Customers deposit digital property resembling BTC, ETH and USDT into Panther Vaults, and might use their newly minted zAssets (zBTC, zETH, zUSDT) throughout DeFi.

The doc covers notions of privateness, highlights the significance of on-chain privateness and dissects the privateness vs. compliance dilemma, proposing that privateness and compliance can certainly co-exist. The paper additionally covers the economics of privateness and showcases the constructing blocks for enabling privateness preservation in DeFi, in addition to implementation choices.

Lastly, the whitepaper describes the structure of the protocol, with the actors of the community and its parts, design objectives and ideas, and the venture roadmap.

A number of the most fascinating factors are the outline of the minting and burning of zAssets, their fascinating tackle privateness mining (which rewards community contributors who bootstrap the protocol from an anonymity set perspective), the ideas behind their privacy-centric pockets, and the Panther DAO, which seeks to get group alignment via quadratic voting. The diagrams are properly completed, straightforward to know and supply a transparent image of what’s being proposed.

One other revolutionary characteristic of Panther detailed within the whitepaper is the way it handles disclosures. Panther offers customers with a customizable degree of privateness on the transaction degree, offering end-users with full management over their privateness settings whereas permitting Panther to turn out to be future-proof from a compliance-friendliness stand level.

The principle objectives of the protocol are express:

  • to offer a safe, personal transaction ecosystem with a superior consumer expertise;
  • to keep up composability with decentralized finance (DeFi) protocols;
  • to make sure privateness backed by a game-theoretic mannequin;
  • to ascertain verifiable belief relationships between contributors;
  • to develop a novel worth discovery mechanism for privateness.

CEO Oliver Gale, who can also be a CBDC pioneer, commented:

“We imagine that Panther can supply retail and institutional customers the proper center floor between privateness and compliance. If we advance society to a degree the place compliance is verified via zero information proofs, Panther may have contributed to fixing one of many largest challenges round privateness, whereas defending customers from the prospect of a dystopian surveillance financial system. The last word objective of the protocol is to offer customers with freedom and sovereignty.”

Panther just lately introduced efficiently elevating $8 million in personal rounds for its interoperable privateness resolution for DeFi. The funds had been raised from greater than 140 buyers demonstrating the breadth and curiosity within the venture, and a group pushed method to fundraising.

CTO Dr. Anish Mohammed, who can also be identified for his 20+ years in safety and cryptography, for being an early advisor to Ripple, an Ethereum orange paper reviewer and for his work in a number of initiatives resembling Ocean and Boson, complemented:

“One of many transformative applied sciences to be developed over the previous 30 years is Zero Data Proofs, which let you show that you’re telling the reality with out revealing the underlying information, or secret. It’s thrilling to have the ability to put this highly effective know-how to work in our venture. This can be a sport changer.”

To study extra, try the whitepaper.

About Panther Protocol

Panther Protocol is an end-to-end privateness protocol for DeFi. Panther offers DeFi customers with totally collateralized privacy-enhancing digital property, leveraging crypto-economic incentives and zkSNARKs know-how. Customers are capable of mint zero-knowledge zAssets by depositing digital property from any blockchain into Panther vaults. zAssets will turn out to be an ever-expanding asset class for customers who need their transactions and techniques the way in which they need to at all times have been personal.

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