Panther's CTO Discusses Way forward for DeFi Privateness on Epicenter Podcast

Gibraltor, Gibraltor, April 2nd, 2024, Chainwire

Anish Mohammed, Co-Founder, CTO, and Chief Scientist at Panther Protocol, not too long ago joined Meher Roy on the Epicenter Podcast. They mentioned Anish’s journey into crypto, the genesis of Panther Protocol, how Panther will protect the privateness of its customers, what’s coming in its Mainnet launch, and its mission to allow privateness and compliance within the DeFi house.

Who’s Anish Mohammed?

Anish Mohammed’s foray into the tech world started at Ericsson (BS:), the place he developed fee techniques and have become acquainted with cryptography. Over his two-decade profession in safety and cryptography, he has designed and audited numerous blockchain protocols and suggested on prime Web3 initiatives. Beforehand, he was the lead safety architect at HSBC and Lloyds Banking Group (LON:) and held strategic roles at Accenture (NYSE:) and Capgemini. 4 years in the past, Anish and Oliver Gale launched into a journey to discovered Panther Protocol, a Zero-Data, cross-protocol layer to safeguard consumer knowledge and facilitate compliant DeFi entry.

The necessity to protect privateness and allow compliance

Panther Protocol addresses a essential hole in present blockchain applied sciences, the place public ledgers like and expose all transactions and sensible contract interactions. This lack of privateness can drawback high-performing buyers and considerably impression high-volume merchants and companies, who might need to shield the insights and benefits (or alpha) gleaned from their buying and selling methods. In contrast to many ‘darkish’ swimming pools and privateness chains, which lack transparency and complicate regulatory compliance, Panther supplies DeFi customers with entry to its privacy-preserving protocol but additionally permits their transaction historical past to be disclosed to anybody of their selecting, partly or as a complete, at will, enabling compliance. For instance, a consumer would possibly disclose sure data to a tax authority or a regulator, as required of their jurisdiction. Panther makes use of Zero-Data proof-enabled KYC checks to make sure malicious actors don’t use the protocol.

Preserving privateness amid disclosure

Whereas Panther Protocol permits customers to reveal transactions as wanted, Panther takes steps to make sure there’s at all times enough general quantity to masks non-disclosed transactions successfully.

One key part of how this will get achieved is by way of community members who’re rewarded for staking their property to generate extra transactions and improve liquidity swimming pools. Within the course of, the privateness of non-disclosed transactions is preserved.

The significance of Shielded Swimming pools for DeFi’s future

Shielded Swimming pools are on the coronary heart of Panther Protocol, providing a privacy-centric resolution for DeFi transactions. These swimming pools, supported by superior cryptographic strategies like zk-SNARKs, permit customers to transact whereas retaining the choice to reveal data for compliance. The Shielded Pool (NASDAQ:) is pivotal for the Protocol, enabling customers to work together with DeFi purposes privately and securely.

For a deeper dive into Shielded Swimming pools, together with the intricacies of Zones and Zone Managers, go to Panther’s weblog on Shielded Swimming pools.

What’s coming in Panther’s Mainnet beta launch?

Anish Mohammed offered among the options that Protocol members can count on to see within the upcoming Mainnet beta product:

• zAccount registration. A zAccount is a consumer’s personal id and entry level to Panther, aligning with KYC protocols and utilizing Zero-Data proofs.
• Privateness-staking reward mechanism: Panther incentivizes community members to boost the pool’s transaction set and liquidity by staking property.
• Transactions and communication between Zones: change of property and knowledge throughout completely different Zones in Panther.
• Withdrawals: The motion of changing and transferring zAssets again to straightforward tokens.
• Primary disclosures: The consumer can reveal particulars about transactions performed inside Panther, permitting for compliance and verification.
• Superior disclosures: Provides customers the potential to selectively disclose particular features of their transactions, offering flexibility in privateness and compliance.
• zAccount renewals: Common verification and replace of a consumer’s KYC data to make sure ongoing compliance and integrity of their zAccount.
• DeFi Swap adapter: A software that integrates Panther with exterior DeFi platforms, facilitating personal and compliant swaps and different transactions.
• zTrade: Zero-Data trades with others in the identical Zone.

Panther Protocol, underneath the steerage of Co-Founder Anish Mohammed, is on the forefront of addressing this problem. By pioneering Shielded Swimming pools and facilitating the function of Zone Managers, Panther is setting a brand new commonplace for privateness preservation and compliance in DeFi. Panther Protocol’s progressive strategy protects customers’ knowledge and paves the way in which for institutional participation within the DeFi ecosystem. As Panther progresses towards its subsequent growth phases, the decision for testers permits the neighborhood contribute to a extra personal and compliant DeFi future.

Panther invitations customers to affix its journey in shaping a balanced world the place privateness meets compliance, empowering customers and establishments to navigate the DeFi panorama securely and transparently.

About Panther

Panther is a cross-protocol layer that makes use of zero-knowledge know-how to construct DeFi options that intention to fulfill ever-evolving regulatory requirements whereas satisfying customers’ on-chain knowledge privateness wants. Panther’s aim is to allow seamless entry to DeFi by way of a cross-chain-supported ZK compliance protocol. The Panther Protocol gives confidentiality throughout transactions in shielded swimming pools, zSwap for DeFi integrations — enabling personal swaps on third-party DEXs, and zTrade for inner OTC e book for buying and selling property privately. Moreover, Panther Protocol’s zero-knowledge primitives are generalizable to KYC, selective disclosures between trusted events, personal ID, voting, and knowledge verification companies.

Disclaimer: Panther is just not recommending that readers have interaction in cryptoasset buying and selling exercise, and customers or potential customers of the protocol shouldn’t regard this message or its contents as involving any type of advice, invitation, or inducement to deal in cryptoassets. As a result of potential for losses, regulators contemplate this asset class to be excessive danger.

ContactHead of Product Advertising and marketingManwendra MishraPanther Protocoladvertising and marketing@pantherprotocol.io

This text was initially revealed on Chainwire