ZKPad Protocol

in #zkpadfi3 years ago

Zk Panther is an end-to-end privacy protocol that connects blockchains to restore privacy in Web3 and DeFi while also allowing financial institutions to engage in digital asset markets legally.

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Panther uses crypto-economic incentives and zkSNARKs technology to empower DeFi customers with fully collateralized privacy-enhancing digital assets. Panther vaults allow users to create zero-knowledge zAssets by depositing digital assets from any blockchain. zAssets are transferred across blockchains via a private metastrate and a privacy-first interchain DEX. Panther believes that zAssets will grow in popularity as a new asset class for users who want their transactions and strategies to remain private, as they should be.
Both institutional traders and individual investors are beginning to recognize the inherent privacy vulnerabilities with the most popular Layer-1 blockchains in the developing DeFi landscape.

Due to the unprecedented openness of L1s like Ethereum, Solana, and Avalanche, to mention a few, investors are exposed to front-running and MEV assaults. Meanwhile, the lack of interchain functionality prevents billions of dollars in value from being captured by a robust ecosystem. Traceability and surveillance are also challenges that are constantly on the horizon.

Introducing Panther Protocol, the PriFi Ecosystem's Missing Piece

While the majority of the crypto community is aware of the privacy risks associated with otherwise groundbreaking blockchains, Privacy Finance has yet to flourish.
because many of its proponents provide fragmented, compartmentalized answers to the privacy vs. trust paradox, limiting their utility and uptake In most cases, privacy coins are not programmable or EVM-compatible. The majority of currently available L2 solutions are centralized. On-chain mixers are one-time-use devices that can't support their own ecosystem. Even on-chain L1 systems have single points of failure by definition. Furthermore, because the privacy ecosystem is made up of multiple disparate projects, there are little network effects, limiting overall expansion.
Panther protocol tries to address this by establishing a one-of-a-kind system with synergistic products and on-chain services. Private liquidity and transactions for all crypto currencies, an inexpensive and scalable private interchain DEX, trustless data proofs enabling privacy-preserving data sharing in Web3, and a variety of other PriFi solutions are among them.

Panther users will be able to wrap any token in any chain as a zAsset to conduct secret transactions. 1 zETH, for example, would be a 1:1 protected representation of Ether, ready for use in DeFi applications and across various chains. Panther is developing on Ethereum, Polygon, Near, Avalanche, Elrond, and Flare at the moment.

The Panther protocol's token, $ZKP, is at the heart of its design, and it plays a critical part in Panther's aim to infuse DeFi with privacy. The multiple utility and sophisticated tokenomics based on game theory in $ZKP are intended to assist the token in accumulating value as the protocol captures TVL.

▶▶Panther’s Roadmap

Panther's marketing strategy are divided into three stages:

Retail investors wanting anonymity on Layer-1 and Layer-2 blockchains are the target audience for this launch. Panther's inter chain features may entice customers looking for returns across multiple blockchains, resulting in positive Alpha for institutions.
Building trust and use cases to eventually embrace the entire existing DeFi economy, as well as those who are drawn to it because of increased privacy. Panther can be used by institutions as a decentralized form of institutional Dark Pools, as described below.

Eventually, it will be a focal point in the architecture of all Web3 applications, allowing for a fully private on-chain economy and DeFi in general.