Monthly Update: November 2024
Table of Contents:
Fellow Panthers,
November marked another milestone-filled month for Panther, with significant progress across key areas. Panther completed internal testing for Stage 9 of its testnet and made significant progress in advancing the Canary network, bringing Panther closer to providing infrastructure for real-world transactions. The team also made impactful contributions at DevCon and in the media, showcasing Panther’s innovations. Panther continues to build momentum in its mission to bring privacy and compliance to DeFi. Read on for the full recap below.
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Stage 9 Internal Testing Complete, Canary Network Prep Underway
Panther hit a key milestone in November with the completion of internal testing for Stage 9, the final stage of Panther’s testnet. This sets the stage for Panther Protocol Foundation’s launch of Panther’s Canary network. The Canary network, which will be run by a Swiss-based foundation, will serve as a critical proving ground, showcasing Panther’s privacy-enhancing and compliance-driven capabilities. Simultaneously, Panther contributors continued to work on refining the codebase.
We would be remiss if we did not thank our community of 3500+ testers, whose feedback has been invaluable. Stay tuned here and on our social media for further details on access to the Canary network as we continue to deliver our transformative vision for DeFi.
Additionally, Zone Manager documentation and interface development are progressing as the Protocol prepares to support financial service providers on its platform.
Panther Ecosystem Update
Panther’s thought leadership in DeFi privacy and compliance was fully displayed at DevCon 2024, one of the world’s premier Ethereum developer conferences in Bangkok, Thailand.
During DevCon’s Privacy ftw side event organized by zkMonk and zkHUB, Panther’s Technical Lead, Igor Markelov delivered his presentation, "Private Data Sharing to Enable Compliance in DeFi." Igor showcased Panther’s cutting-edge innovations, including:
- ElGamal encryption
- Multi-party computation (MPC)
- Zero-Knowledge circuits
These technologies form the backbone of Panther’s ability to facilitate secure, compliant transactions. Igor also spoke about customizable Zone Management rules, designed to help maintain compliance in DeFi operations and offered a sneak peek at the upcoming launch of Panther’s Canary network.
Panther’s Head of Product, Saif Akhtar, participated in a panel discussion alongside representatives from o1Labs, Rarimo, and Aztec. The panel delved into the practical applications of Zero-Knowledge technology, the increasing demand for privacy solutions, and the growing trust in ZK rollups as scalable, privacy-preserving tools.
Adding to the conversation, Panther’s Co-Founder Dr. Anish Mohammed highlighted how privacy-enhancing technologies like Zero-Knowledge Proofs empower users with greater control over their data while simultaneously addressing the critical need for compliance in DeFi.
At the De.Fi World event, Panther took the spotlight with a compelling presentation by Dr. Mohammed. The session focused on compliant privacy in DeFi, offering insightful comparisons of privacy approaches, the role of analytics, and key considerations for AML compliance.
Panther in the Media
Panther continued to gain momentum with media coverage in November, with prominent features in leading publications and insightful media appearances.
Coinpasar spotlighted Panther in a byline exploring how Panther leverages Zero-Knowledge Proofs (zkSNARKs) to address the inherent tension between blockchain transparency and user privacy. Similarly, the Metaverse Post published an article, "The Role of Zero-Knowledge Proofs in Protecting User Data in DeFi", delving into the importance of confidentiality without compromising blockchain integrity.
Additionally, Panther was interviewed by Infinite Crypto Podcast and Web3 Podcast, with Sam Kamani about privacy technologies, compliance solutions, and the transformative role of Zero-Knowledge technology in DeFi. Yet-to-be-published, we will share the direct links to each episode after they air.
Conclusion
Panther achieved major milestones in November, completing Stage 9 internal testing, advancing the Canary network launch, and showcasing groundbreaking innovations at global events. With growing recognition from media and thought leaders, Panther is at the forefront of shaping the future of confidential decentralized finance.