Highlighting the growing need for security solutions in the DeFi industry — Panther Protocol, an interoperable, fully collateralized privacy-enhancing alternative for DeFi — has completed a private sale value $8 million. Over 140 investors participated on the market.
Ensuring Transactional Privacy and Fixing the Alpha: Panther Protocol Solutions
Inadvertently, these features subject DeFi users to surveillance and economic espionage. Both retail and large institutional investors seek avenues which negate this anomaly and ensure transactional privacy. Otherwise, they fall prey to their own opponents‘ reverse engineering and front running their plans. Finally, it results in traders quickly dropping their alpha, the degree to which a dealer has managed to’conquer‘ the market over a little while.
Panther offers a remedy to this problem. Leveraging the protocol, users may decode Zero-knowledge zAssets by depositing digital assets from any blockchain into Panther vaults. ZAssets can be fully collateralized private synthetics of any digital advantage, like zBTC, zETH, and zUSD. Panther utilizes the zkSNARK technologies and supplies a novel price discovery mechanism to offer you this provision.
The bigger vision of Panther is to restore the right to privacy and offer protection against a surveillance economy. To realize its purpose, Panther equips its customers with transactional privacy when interacting with each one DeFi, without compromising on their competitive benefits and human freedoms.
After users have been able to make zAssets, they can confidentially route them via the Panther network to be used across all DeFi.
According to Oliver Gates, the CEO, and co-founder of the protocol,“zAssets will develop into an ever-expanding asset class for users that want their own trades and strategies the way that they should have been: private.“
It would be relevant to note here that Panther was founded by Oliver Gale and Dr. Anish Mohammed. While Gale is a serial entrepreneur, Mohammed is an experienced professional in cryptography and zero-knowledge proofs. He’s served as the routine architect of various notable projects and an early advisor to Ripple. He was also one of the reviewers of the Ether Orange Paper.
Oliver considers that such solitude features are something that each and every asset class will have in them, in the days to come. Stablecoins, utility components, NFTs — all asset classes will explore and infuse them in their operational arrangement.
Selective Privacy Disclosures: Panther Protocol’s Game-Changing Feature
Adding more to what Panther already must provide, in terms of helping to create zAssets, the protocol will also fix the privacy and compliance dilemma through particular private disclosures. Users can either choose to go fully private or may choose from the different heights of disclosures accessible. The zero-knowledge disclosure, for instance, enables users to prove compliance without providing any underlying data.
Privacy is something which has frequently dissuaded institutional players from coming into DeFi. Panther considers its selective privacy disclosure mechanisms will help in this respect. A growing number of institutional investors and traders will realize that it is comfortable with DeFi when they’d be freed in the compulsions of revealing the sender, receiver, amounts, metadata, or anything regarding the trade.
Looking at the potential that Panther carries inside, over 140 venture capitalists and ecosystem participants have voiced their interest to become a part of it by simply investing. These investors are dispersed all across the globe and include names like Rarestone Capital, Moonwhale, MarketAcross, Alphabit Fund, Titans Ventures, Insignious Capital, Kosmos VC, BlockArk, AU21, Arcanum Capital, LunarStation, GenBlock Capital, Defiants, Netzero, Black Dragon, CSP DAO Network, Berezka DAO, and more.
Reacting to the achievement of the personal sale, Oliver Gale stated,“these powerful fundraising rounds allow us to enlarge a growing team of rockstars in cryptography, technologies, and merchandise.“
Panther has decided to follow up the success of the private sale with a public sale in Q3. It will announce those details through the protocol’s official societal channels.