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Panther and NEAR Protocol Announce Partnership to Develop Privacy Preserving Tech in The NEAR Ecosystem By DailyCoin

by Mike Robinson

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Panther and NEAR Protocol Announce Partnership to Develop Privacy Preserving Tech in The NEAR Ecosystem

Panther envisions a world where DeFi and Web3 users can enjoy a decentralized world without surveillance. Privacy is available as a default feature in protocols and dApps. The privacy layer connects all EVM compatible Blockchains, while allowing users the freedom to share data as they choose with counterparties. It balances privacy and trust. Panther and NEAR have partnered to help Panther realize this vision.

NEAR is a partner with Panther, who agrees that privacy should be regarded as a human right. NEAR granted Panther funding to research the development and use of open-source privacy infrastructure, including APIs, Rust libraries, tooling, and APIs. This is necessary for NEAR’s native Panther deployment. This includes the deployment of Panther’s privacy solutions on NEAR’s EVM, Aurora.

Due to the current architecture and high volume of transactions that pushed gas fees to all time highs, Near’s Aurora is becoming an intelligent choice for developers that are looking for 1000x lower gas fees, 50x higher TPS and 2 seconds finality, with a future proof sharding architecture and a novel carbon neutral value proposition. Aurora resolves current problems in Ethereum, while also preserving Ethereum’s development ecosystem value. These factors were critical for Panther to prioritize the development of its scalable privacy infrastructure on NEAR’s blockchain.

Panther’s ultimate goal is to accelerate the development of privacy-first DeFi and Web3 applications. Panther is aiming to let value flow between blockchains. This means that it integrates its infrastructure directly into EVM-compatible peerchains.

Panther’s most notable components are an Interchain DEX, multi asset shielded pools that break on chain links while rewarding privacy miners for contributing to the anonymity set, zAssets, which are privacy enhanced digital assets of their non private counterparts (ie. zETH generated from ETH being deposited at Panther vaults) and, last but not the least, selective disclosures. These allow users to only disclose what is necessary with selected counterparties. It allows institutions and fintechs to delve deeper into DeFi without having the need to sacrifice compliance and user privacy.

Panthher understands the importance of usability and intelligent design for mainstream adoption. Our mission is to restore privacy, sovereignty and ownership of all DeFi and Web3 users. We partner with NEAR to build shielded pools, and other parts of Panther’s privacy-preserving infrastructure.
– said Oliver Gale, Co-Founder and CEO of Panther, about the partnership.

Follow Near and Panther socially to stay up to date with these announcements.

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