Today, Panther Protocol has announced that it’s partnership Flare , will be expanded into Flare’s Canary network, Songbird. Flare is the world’s first Turing-complete FBA (Federated Byzantine Agreement) network, and Panther is building the interoperable privacy layer DeFi and Web3, aiming to make privacy a standard, not an afterthought.

Flare started its mission to “Unlock the Value” inherent in the 65% of blockchains that do not have native smart contracts by bringing, for the first time, true trustless usage of those tokens with scalable smart contracts and integrating Ethereum’s Virtual Machine in a scalable way.

Flare’s unique approach to blockchain interoperability involves incorporating larger blockchains that require smart contracting as well as interoperability capabilities.

Flare, Songbird, and Stellar started the mission together. With this collaboration, both parties stated their desire to provide privacy features and capabilities for these projects.

Information about the partnership
Both Flare’s and Panther’s teams shared their enthusiasm about the many areas of opportunity between Panther and Songbird. Because of this, aside from defining several ways for Flare’s Songbird users to benefit from privacy features and Panther’s to receive support both from the Flare Mainnet and its Canary Network. Panther may be able to achieve its milestones through the partnership. This partnership agreement supports the development of additional projects by Panther and Songbird’s privacy features.

A privacy ecosystem
Songbird will integrate Panther’s Shielded Pools into its Virtual Machine (EVM) to enable on-chain privacy for its users. Songbird will host Panther’s privacy-preserving infrastructure for code testing.

This will enable Panther users to take advantage of private transactions with Songbird. This is expected to increase the user base and TVL potential of Panther’s Shielded Pools.

Songbird users will be included in Panther’s staking and governance. They’ll also be able to benefit from private DeFi within the network, access selective disclosures both for retail users and institutions, and enjoy early access to Panther’s KYC/AML zero-knowledge solution on Songbird’s Institutional side.

Upon finalizing the agreement, Co-Founder and CEO Oliver Gale said: “From the first day, there was clear alignment between the founders of Panther and Flare Network around the need for privacy, compliance, security and scalability in blockchain ecosystems, and in particular those relating to institutional DeFi. In Flare and Songbird we see great ecosystem partners, innovative technology and clear action-oriented plans to mass adoption.”

Hugo Philion is Co-Founder and CEO of Flare and Songbird.

“Songbird has launched to be a testbed for Flare and the most ground-breaking decentralised technologies. We are delighted that Panther have tapped their zkSNARK cryptocurrency and advanced asset-mixing technologies to provide the KYC and AML enabled privacy options that DeFi needs to take a huge leap forward. Stablecoins, utility tokens and NFTs can now be owned and traded with privacy whilst remaining compliant, giving sovereignty back to the user.”

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