Panther Protocol is a cryptocurrency that aims to address the lack of privacy in decentralized finance (DeFi) systems. Currently, DeFi users are at risk of surveillance and economic espionage due to the transparent nature of public blockchains. This means that their transaction history and trading strategies can be observed, reverse engineered, and front-run by others, resulting in a loss of competitive advantages and reduced performance fees.
To protect users' privacy, Panther Protocol offers transactional privacy when interacting with DeFi. Their solution is based on zAssets, which are privacy-enhancing digital assets collateralized with existing assets. These zAssets utilize zkSNARK technology, allowing users to create zero-knowledge proofs that verify their transactions without disclosing any underlying data. This gives users the ability to go fully private, but there are also options for different levels of disclosures available, such as Zero-Knowledge disclosures. These disclosures enable users to prove compliance without revealing any sensitive information, leveraging Zero-Knowledge Proof technology and trust providers.
Overall, Panther Protocol's decentralized architecture for privacy and trust paves the way for institutional players to enter the DeFi space with reduced risk. By offering transactional privacy and protecting trading strategies and individual freedoms, Panther Protocol aims to enhance the overall experience and security of DeFi users.
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