Panther Raises $22m to Build DeFi and Web3 Privacy Layer 

Panther protocol public sale closes after 90 minutes with $22 million raised for DeFi and Web3 interoperable compliance-friendly privacy layer.

Panther Protocol, an end-to-end privacy solution that creates privacy for DeFi and Web3 users across public blockchains. The total amount raised by Panther is now $32 million.

Panther’s tech is of interest to those DeFi users looking to benefit from personal financial data protection and confidential cryptocurrency transactions. Panther is currently building on Ethereum, Polygon, Flare, Songbird, NEAR and Elrond.

The protocol aims to create a private-by-default, decentralized ecosystem that unlocks the value that is currently siloed between blockchains.

Compliance compatibility for Defi and Web3

“This raise as part of our public sale demonstrates a huge demand for an interoperable, compliance compatible privacy protocol.” says Panther Protocol CEO and co-founder Oliver Gale.

“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 wider community engagement and participation in an end-to-end privacy protocol for DeFi and Web3 users.

The DeFi space has seen unprecedented growth with Panther demonstrating over $500 million worth of interest. 

In addition to developing a robust 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.

Panther protocol reconciles privacy and authenticity

Panther Protocol co-founder Anish Mohammed commenting on the announcement, said, “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 company’s founding it has been steadily growing it team of experts, now consisting of over 33 leaders in 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 provides 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 will become an ever-expanding asset class for users who want their transactions and strategies the way they should always have been: private.

More information on tokenomics, exchange volumes and release schedule can be found here.

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Read more: 

• Polygon and Panther Team Up For Radical Overhaul of DeFi Privacy