Panther Protocol ZKPPrice $ 0.008

Panther Protocol offers ground-breaking privacy-enhancing technology for DeFi. It provides DeFi users with interoperable, fully collateralized privacy-enhancing digital assets, leveraging zkSNARK technology, and offers a novel price discovery mechanism for privacy. Users are able to mint zero-knowledge zAssets by depositing digital assets from any blockchain into Panther Vaults and using these zAssets across a full range of DeFi applications.

How It Works?

Panther is an end-to-end privacy protocol for digital assets, which can be deployed in a confidential way on any public blockchain. Panther enables the creation of interoperable, zero-knowledge assets (zAssets) collateralized 1:1 by their original counterparts. Crypto assets are secured within Panther vaults and zAssets are minted in return. Each zAsset is one-for-one collateralized with its underlying asset. Whether the zAsset is a zUSDC, zETH or zBTC, the new zAsset is a private, fully collateralized synthetic of the underlying asset.

Key Features of Panther Protocol:

• Privacy for any digital asset. Panther is not going to be limited by layer 1 or type of asset. Panthers’ privacy features can expand to any digital asset on any public layer 1 (we call them peerchains). We want zAssets to go wherever DeFi goes.
• Interoperability. It’s unlikely that one chain will rule them all, so there will always be a need for cross-chain transactions. Panther will provide a private interchain DEX module to enable these cross-chain transactions.
• Confidentiality. Panther provides users with the ability to select the level of privacy they want at the transaction level. One of our most interesting approaches is to enable selective disclosure of any of their transactions to meet the requirements of the counterparty or regulator.

Technology Components:

• Panther Wallet. The Panther wallet is a browser-based, self-custodial wallet. The Panther Wallet prevents address reuse, enables private connections to Ethereum DeFi using proxy addresses and is used for voting on governance proposals.
• Panther Vaults. These are autonomous, zero-knowledge, self-custodial smart contracts that act as decentralized custodians for collateral of zAssets
• Privacy Miners. Privacy miners are Network participants which are rewarded in $ZKP tokens for providing zAssets to Panther Protocol in order to increase the anonymity set.
• Panther Layer 1 Interchain DEX. These allow users to transact between peerchains through private cross-chain transactions.
• Panther Service Providers. These are entities that wish to use Panther to allow private (zAsset) transactions with their customers (Panther users) whilst being able to trust those users.
• Panther Trust Providers. These are entities that can provide verifiable statements (attestations) about users which allow service providers to increase their trust in those users.
• Panther DAO. Panther DAO is a community governed decentralized autonomous organisation (DAO), that votes on specific Panther Improvement Proposals, set budgets and configures token economics within the Panther ecosystem.