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Panther Protocol Raises $22M in Public Sale To Boost DeFi and Web3

CryptocurrencyNov 25, 2021 03:30PM ET
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Panther Protocol Raises $22M in Public Sale To Boost DeFi and Web3

  • Panther Protocol discloses it got over $22 million in its Public Sale.
  • The fund realized will go towards building interoperable privacy layer for DeFi and Web3.
  • Panther is currently building on Ethereum, Polygon, Flare, Songbird, NEAR and Elrond.

In 90 minutes, Panther Protocol, an end-to-end privacy solution for DeFi and Web3 successfully raised over 22 million as part of its Public Sale. In total, Panther has amassed $32 million. The Public Sale is a measure for the company to open its doors to a wider community engagement — as well as, expand participation in an end-to-end privacy protocol for DeFI and Web3 users.

Panther has demonstrated its commitment regarding the growth of DeFi with $500 million. Essentially, Panther is of great value to DeFi users looking to benefit from confidential cryptocurrency transactions and personal financial data protection. Additionally, Panther Protocol CEO and co-founder Oliver Gale expressed his delight over investors confidence in their project,

This raise as part of our public sale demonstrates a huge demand for an interoperable, compliance compatible privacy protocol. 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.

Presently, Panther is building on Ethereum, Polygon, NEAR, Elrond, Flare, and Songbird. Panther will allow builders to supply privacy features within their apps without requiring a highly technical team of cryptographers and privacy tech engineers to do so in addition to developing a strong set of APIs, SDKs, and custom integrations.

Panther Protocol says its entire idea is to create a private-by-default, decentralized ecosystem that unlocks the value that is currently siloed between blockchains. The growth of Panther since its inception has been tremendous with over 33 teams of experts ranging from leaders in cybersecurity, blockchain engineering. And also, game theory, DeFi, cryptography, ecosystem development, technology commercialization, and marketing with their team envisioned to increase in months to come.

Anish Mohammed, Panther Protocol co-founder states that “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.”

Panther Protocol is an end-to-end privacy protocol for DeFi that 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. To note, zAssets will become an ever-evolving asset class for users who want their transactions and strategies private.

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Panther Protocol Raises $22M in Public Sale To Boost DeFi and Web3

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Comments (1)
Sagacious Joseph
Sagacious Joseph Nov 25, 2021 5:20PM ET
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Defi is growing indeed with each passing day because people are leveraging on it to grow their wealth. Speaking of growing wealth, is there anyone staking one token to farm several other tokens in a platform like unifarm? . you should check them out
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