Panther Protocol Secures $22M via Public Sale to Build DeFi, Web 3.0 Privacy Layer

By November 25, 2021DeFi
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Panther Protocol, an end-to-end privacy solution that creates privacy for decentralized finance (DeFi) and Web 3.0 users across public blockchains, has secured more than $22 million as part of their Public Sale.

This brings the total amount secured by the project to $32 million.

Panther Protocol CEO and co-founder Oliver Gale, stated:

“This raise as part of our public sale demonstrates a huge demand for an interoperable, compliance compatible privacy protocol. We are grateful for this overwhelming interest in our project and are confident that this signals the importance of Panther’s mission – enhancing freedom and privacy for DeFi and Web3. Through the Public Sale, the company is offering the opportunity for widerer community engagement and participation in an end-to-end privacy protocol for DeFi and Web3 users.”

The DeFi ecosystem has seen tremendous growth with Panther demonstrating more than $500M worth of interest, the announcement noted while claiming that Panther is of “great importance to virtually all DeFi users looking to benefit from personal financial data protection and confidential cryptocurrency transactions.”

Panther is building on Ethereum, Polygon, Flare, Songbird, NEAR and Elrond. In addition to creating a set of APIs, SDKs and custom integrations, Panther will allow builders to “provide privacy features within their apps without needing a highly specialized team of cryptographers and privacy tech engineers to do so.”

The idea is to “create a private-by-default, decentralized ecosystem that unlocks the value that is currently siloed between blockchains,” the update explained.

Panther Protocol co-founder Anish Mohammed remarked:

“As with duality of light, privacy has a dual nature, we are in the history of privacy where we are just reconciling, privacy’s dual nature. Panther protocol has managed to allow both privacy and authenticity, by combining zero knowledge proof systems and selective disclosures.”

Since the firm’s founding, they have been steadily growing their team of experts, now consisting of more than 33 professionals focused on cybersecurity, cryptography, blockchain engineering, game theory, DeFi, ecosystem development, technology commercialization and marketing with their team set to grow in the coming months.

Panther Protocol is an end-to-end privacy protocol for DeFi. Panther offers DeFi users with “fully collateralized privacy-enhancing digital assets, leveraging crypto-economic incentives and zkSNARK technology.”

Users can mint zero-knowledge zAssets by “depositing digital assets from any blockchain into Panther vaults.”

zAssets could potentially become an “ever-expanding asset class for users who want their transactions and strategies the way they should always have been: private.”

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