Panther’s goal is to integrate privacy features in dApps by default, to allow DeFi and Web3 users to enjoy a decentralized world without surveillance, and to connect all EVM compatible blockchains through a privacy layer, allowing users to share data as they wish. In line with that goal, Panther announced a partnership with NEAR, Invezz learned from a press release.
Ultimately, Panther wants to accelerate the development of privacy-first DeFi and Web3 applications. They want to make it possible for value to flow privately by building infrastructure natively into EVM compatible peer chains.
Oliver Gale, Cofounder and CEO of Panther, said:
Panther recognizes that usability and intelligent design are key components of mainstream blockchain adoption. It is our mission to restore privacy, sovereignty of transactions and data ownership for all users of DeFi and Web3 and it is on that spirit that we are pleased to partner with the NEAR foundation to establish shielded pools and other components of Panther’s privacy preserving infrastructure on the NEAR blockchain, taking one more step towards an interoperable, private and compliance compatible blockchain future.
NEAR offers Panther grant to explore privacy infrastructure like Aurora
NEAR offered Panther a grant to explore and develop open source privacy infrastructure like APIs and Rust libraries required to deploy Panther on NEAR natively. This infrastructure includes Aurora, NEAR’s EVM.
Aurora is becoming a smart choice for developers looking for lower gas fees and higher transaction rates after the high volume of Ethereum (ETH/USD) transactions pushed gas fees to record levels. Aurora offers 2 seconds finality, 50x higher transaction rates, and 1000x lower gas fees than Ethereum. It also features an innovative carbon neutral value proposition and future proof sharding architecture.
Panther features interchain DEX, zAssets, and multi asset pools
Among Panther’s valuable elements are zAssets, privacy enhanced digital assets, an Interchain DEX, multi asset shielded pools that reward miners that contribute to privacy, and selective disclosures, which make it possible for users to disclose only what they want and give fintechs and institutions the ability to occupy the DeFi space without abandoning user privacy.
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