Sunday, January 23, 2022

Panther Partners With ShapeShift to Add Interoperable Privacy to DeFi and Web3 – Press release Bitcoin News

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PRESS RELEASE. As Panther pushes in the direction of the decentralization of our protocol from Day 1 with LaunchDAO, the first-ever personal and decentralized challenge launch, the staff has unveiled a brand new, thrilling partnership.

Panther Protocol is partnering with ShapeShift, a family identify of the crypto trade. ShapeShift has taken courageous steps within the current previous, transferring from an change aggregator to a whole crypto administration platform, in addition to asserting its full decentralization.

The integration between ShapeShift and Panther will allow the development of privateness and information safety for customers of DeFi. ShapeShift, by way of its APIs, digital property and platforms, is a helpful pillar of the Decentralized Finance ecosystem, and will leverage Panther to obtain the utmost stage of client safety, effectivity and privateness. Both groups will collaborate on analysis, deployment of privateness instruments, and for ShapeShift customers to take part in Panther’s staking program and governance.

The technical collaboration between each groups may even allow liquidity provisioning to Pather’s Multi-Asset Shielded Pools.

Commenting on the partnership. Willy Ogorzaly, former Principal Product Manager at ShapeShift (now Head of Decentralization on the Fox Foundation as ShapeShift strikes right into a DAO mannequin) acknowledged: “Panther’s mission to bring privacy and interoperability to DeFi protocols across chains aligns closely with the mission of ShapeShift DAO. We look forward to partnering with Panther to give ShapeShift users access to unprecedented levels of privacy in their DeFi journeys.”

To this, Panther Protocol’s CEO and co-Founder, Oliver Gale, added: “ShapeShift has been a pioneering platform in the march towards self-sovereign DEX infrastructure. The ShapeShift DAO is a major step towards the fulfilment of the vision of decentralized exchange services and Panther looks forward to offering zAsset swaps with compliance optionality to the ShapeShift community.”

About Shapeshift:

Since 2014, ShapeShift has been pioneering self-custody for digital asset buying and selling. The firm’s net and cell platforms enable customers around the globe to safely purchase, maintain, commerce and work together with digital property similar to Bitcoin and Ethereum. Learn extra at ShapeShift.com.

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About Panther Protocol

Panther is an end-to-end privateness protocol connecting blockchains to restore privateness in Web3 and DeFi whereas offering monetary establishments a transparent path to compliantly take part in digital asset markets.

Panther supplies DeFi customers with totally collateralized privacy-enhancing digital property, leveraging crypto-economic incentives and zkSNARKs know-how. Users can mint zero-knowledge zAssets by depositing digital property from any blockchain into Panther vaults. zAssets move throughout blockchains by way of a privacy-first interchain DEX and a non-public metastrate. Panther envisions that zAssets will develop into an ever-expanding asset class for customers who need their transactions and methods the way in which they need to at all times have been: personal.

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