In the growing DeFi panorama, both institutional traders and retail investors are starting to notice the inherent privacy issues with the most popular Layer-1 blockchains.
The extreme transparency of L1s such as Ethereum, Solana, and Avalanche, to name a few, leaves investors vulnerable to attacks such as front-running and MEV. Meanwhile, the lack of interchain features to seize the many opportunities of a thriving ecosystem keeps billions of dollars in value separated. And, of course, traceability and surveillance are issues permanently looming on the horizon.
Introducing Panther Protocol, the Missing Piece in the PriFi Ecosystem
While most of the crypto ecosystem is aware of the privacy pitfalls of otherwise ground-breaking blockchains, Privacy Finance has not yet had its chance to blossom.
This is because many of its proponents offer fragmented, siloed solutions to the privacy vs. trust paradox, hindering their utility and adoption. Privacy coins are generally not programmable or EVM-compatible. Currently available L2 solutions are usually centralized. On-chain mixers are single-use and can’t grow their own ecosystem. Even on-chain L1 solutions have, by nature, single points of failure. Moreover, the privacy ecosystem consisting of several isolated projects yields scant network effects, hindering growth across the board.
Panther protocol aims to solve this by creating a unique system full of synergic products and on-chain services. These include private liquidity and transactions for all crypto assets, an affordable and scalable private interchain DEX, trustless data proofs enabling privacy-preserving data sharing in Web3, and multiple other impactful PriFi solutions.
Users of Panther will be able to wrap any token, in any chain, as a zAsset used to transact privately. For example, 1 zETH would be a 1:1 shielded representation of an Ether, ready to be used across DeFi
