Panther Protocol, a privacy protocol for the emerging DeFi sector, has launched a FinTech platform to safeguard privacy on the blockchain. Retail users, large investors, and institutional users benefit from transactional privacy because it protects their competitive advantages from monitoring. Panther Protocol sets itself apart by providing a balance between privacy and compliance that allows users to interact securely while still sharing transactional data willingly.
A Secure Option
DeFi traders and investors will be able to prevent competitors from front-running their tactics with the help of the new platform. Panther’s solution sets the framework for institutional players to join DeFi without worrying about privacy. These two concerns prevent institutions from making substantial efforts to acquire exposure to DeFi. Panther is an end-to-end privacy system for digital assets that can be deployed on any public blockchain compliantly.
According to the announcement:
“The vision of enabling anyone, anywhere, to privately access safe and reliable financial services regardless of nationality, age, race, or gender is a major driver for Panther. As the crypto industry prepares to onboard the first billion decentralized finance users (and beyond), a privacy-first ethos for developing Web3 and DeFi technologies is a must.”
Co-Founder of Panther Protocol, Oliver Gale, added:
“Using Panther Protocol, both DeFi traders and investors will be empowered for the first time to maintain control of their strategies and keep their competitors from capitalizing off of their hard work. Panther believes all code should be open, while data should be private.”
Goals Of Panther Protocol
Panther is currently based on public blockchains such as Ethereum, Polygon, Flare, Near, and Avalanche. Its goals are to privately connect all EVM compatible intelligent contract platforms and become the private, scalable infrastructure for the internet of blockchains. In other words, Panther restores your financial privacy with interoperable zero-knowledge assets.
What Will You Get Out Of It?
Features that make it superior to other competitors:
- Creating a new privacy-focused pricing method
- Maintaining composability with decentralized finance (DeFi) protocols
- Interoperability across various blockchains
- Offering a safe, private transaction ecosystem with an outstanding user experience
Creating Trust While Maintaining Privacy
Panther allows users to create and distribute voluntary disclosure statements with whoever they choose to demonstrate:
- Information on their encounters with Panther Protocol, as well as
- Any additional personal information that may be necessary to interact with counterparties.
About Panther Protocol
Panther Protocol is a DeFi-specific end-to-end privacy protocol. It uses crypto-economic incentives and zkSNARKs technology to give DeFi users privacy-enhancing digital assets. Panther vaults let users create zero-knowledge assets by depositing digital assets from any blockchain. As a result, assets will grow in popularity as a new asset class for users who want their transactions to be as private as they should be.
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