- Panther has announced a strategic partnership with Polygon
- Panther will build its MVP on the Polygon network
- Polygon to deliver technical support for the project
- Panther to allow users to mint 100% collateralized privacy-enhancing zAssets
Panther, a DeFi-based protocol, has announced a strategic partnership with Layer-2 scaling solution, Polygon. Through this partnership, Panther will build its MVP on the Polygon network, aiming to provide selective disclosure mechanisms that are compliance and privacy-friendly to the polygon network.
Apart from delivering technical support, Polygon will make it easier for Panther to collaborate with projects in the Polygon ecosystem. This will be done as part of development efforts on privacy features meant to empower the end-user.
Panther leverages zkSNARK tech, making it possible for users to mint 100% collateralized privacy-enhancing zAssets (Zero-knowledge assets) by depositing digital assets into Panther vaults from any blockchain.
“Polygon’s approach brings scalable, low cost transactions to the Ethereum network as well as a burgeoning ecosystem of DeFi protocols already using their technology. Panther’s partnership will enable zAssets utility between all Panther users in a privacy preserving, scalable and regulatory compatible fashion - opening the doors for true institutional adoption and retail usage,” - Oliver Gale, Panther Protocol CEO.
Panther chose Polygon for its MVP launch for its technical capabilities and low fees, making it perfect for shielding zAssets. Polygon is also one of the fastest-growing protocols in the DeFi space.Kibet Elikana