Breaking News
Get 40% Off 0
Is NVDA a 🟢 buy or 🔴 sell? Unlock Now

Panther Protocol Raises $8 Million For DeFi Interoperable Privacy

Published Jun 01, 2021 10:28AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
Panther Protocol Raises $8 Million For DeFi Interoperable Privacy

  • Panther Protocol raised $8 million from over 140 funding round participants.
  • The funds will be used to improve DeFi interoperable privacy using zAssets.
  • zAsset technology allows users to meet compliance using Zero-Knowledge disclosure.

Panther Protocol has successfully closed a funding round that raised $8 million. Of note, the funding round gained support from over 140 investors, highlighting the popularity of the DeFi privacy solution.

Some of the participants included VCs like Rarestone Capital, Master Ventures, Deep Ventures, Moonwhale, and MarketAcross among others.

Decentralized finance (DeFi) has been disrupting the traditional financial system while bringing equity to a previously exclusive market segment. With a significant portion of the world population currently financially excluded, DeFi could very well expand to unprecedented heights.

However, due to the immutable and transparent nature of blockchain, the technology DeFi is built on, DeFi users are vulnerable to excessive monitoring and even spying. Also, the rise of big data has led to an even higher demand for privacy, especially online. As such, there is a growing need for transactional privacy even among DeFi users.

In particular, DeFi users are currently unable to conceal their trading strategies. As a result, other traders can easily copy strategies causing alphas to lose their competitive advantage. This is where Pantha Protocol comes in as the project aims to help alphas protect their edge.

In fact, Panther Protocol users can mint private collateralized assets called zAssets. To clarify, zAssets are private synthetics of any crypto. For instance, the zAsset synthetic for BTC, ETH, or USD would be zBTC, zETH, and zUSD respectively.

The benefit of using zAssets is that users can deposit their coins into the Panther wallet and use the zAssets to execute their transactions. In addition, zAssets utilize zkSNARKS technology which hides transaction details. However, Panther offers users selective privacy disclosure which satisfies compliance requirements.

Speaking on zAssets utility Panther Protocol CEO and Co-Founder Olver Gale said,

“We believe zAssets will become an ever-expanding asset class for users who want their transactions and strategies the way they should always have been: private…. Institutional DeFi and Web3 require privacy to scale and disrupt legacy systems.”

To be specific, Panther’s Zero-Knowledge disclosure allows users to prove compliance without revealing transaction details. Also, Panther believes that the Zero-Knowledge Proof technology could play a pivotal role in enabling institutional participation in DeFi. With the help of zAssets institutional investors would be able to take advantage of DeFi opportunities without the risk of over exposure.

Finally, Panther Protocol intends to follow up the successful private funding round with a public offering later this year.

This article was first published on

Continue reading on CoinQuora

Panther Protocol Raises $8 Million For DeFi Interoperable Privacy

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your profile, will be public on and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
Sign up with Email