Panther and Velas partner to build a very fast private DeFi experience
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We are over the moon with all the excitement surrounding our Public Sale. However, our Partnerships team keeps bringing along great allies in our quest for Interoperable Privacy by default across DeFi and Web3.
This time, Panther Protocol is thrilled to announce that Velas, a Solana based EVM/eBPF hybrid chain offering up to 75,000 TPS for dApps that require lightning speed and scale, are joining forces in a strategic partnership today.
Velas is EVM compatible and provides Solidity support, and is building an open-source blockchain world of services and products including Account, Vault and Wallet, allowing users to enjoy a seamless experience and instant, low-cost transactions. Velas aims to combine the best qualities of centralized solutions such as user experience and speed with the trustless new paradigms of decentralized solutions.
Velas’s mission is to create and integrate world-changing technology products and services to improve people’s lives all over the globe, and Panther is bringing privacy-preserving infrastructure to that nascent, high potential ecosystem
So, what’s the partnership about?
The team at Velas strongly resonates with Panther’s interest in advancing privacy and data protection tools. Therefore, we’re working together on technical integrations. Velas and Panther will join their research arms for technology development and deployment related to privacy schemes using zero-knowledge proof systems.
The Panther protocol will also enable the cross-chain exchange of private Velas assets thanks to its unique interoperability features. This will accompany the integration of Panther zAssets into the Velas wallet to produce access to on-chain privacy for Velas’ users. Velas’ enterprise clients and customers will greatly benefit from this additional layer of privacy.
“The integration between Velas and Panther Protocol enables the advancement of privacy and data protection tools. We have a big vision for the future of DeFi and Panther fits into that vision as a partner providing decentralized, trustless privacy and interoperability to this burgeoning ecosystem”. — Oliver Gale, CEO at Panther Protocol
“We are excited to see how this new partnership between Velas and Panther Protocol can move privacy and data protection to a whole new level. Panther Protocol can be perfectly integrated into the Velas Wallet and cross-chain to make Velas assets private”. — Added Shirly Valge, COO at VELAS
In a multi-chain world, every alliance becomes a multiplier.
Panther is uniquely positioned to bring private transactions over to the Velas Ecosystem. Velas’ native assets, in turn, will be incredibly beneficial to Panther’s user base and liquidity, strengthening Pather’s Multi-Asset Shielded Pools. Velas’ users will also enter Panther’s staking program and governance, further decentralizing our Protocol.
Velas is a super-fast EVM/EBPF hybrid chain, which inherited the best from Solana’s Protocol and applied it to the EVM world. Access to DeFi privacy for Velas’ users will be vital in attracting more users to the Protocol.
In this role to grow the DeFi ecosystem through Velas’ solutions, their institutional and enterprise clients (which include industry giants such as Coinpayments, Alpina Capital, Mind AI, Market Across, Blockchain Suisse, and more) will gain access to Panther’s disclosures and KYC/AML features. Panther’s unique regulation-friendly Reveals will come in handy for these high-calibre players to stay on the law’s better side while retaining access to their data and total privacy and enjoying cheap transaction costs.
One of the blockchain ecosystem’s greatest disparities and issues is the lack of intercommunication between protocols. This, along with a lack of privacy across the blockchain board, makes it even more important to create bridges for equal, private access across DeFi.
Blockchains serving institutional clients such as Velas are critical to making the next leap of evolution towards a new financial paradigm. At Panther, we can only be glad to infuse this growing environment with the native privacy it badly needs while advancing the research on the technology that makes it possible.
Velas is the world’s fastest EVM-compatible Blockchain and an ecosystem of decentralized products. Building on Velas enables projects to benefit from up to 75k TPS for almost free cost, such are the minuscule transaction fees.
TG Ann: https://t.me/VelasOfficial
Panther is a decentralized protocol that enables interoperable privacy in DeFi using zero-knowledge proofs.
Users can mint fully-collateralized, composable tokens called zAssets, which can be used to execute private, trusted DeFi transactions across multiple blockchains.
Panther helps investors protect their personal financial data and trading strategies, and provides financial institutions with a clear path to compliantly participate in DeFi.
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