Monthly Update - July 2023

Monthly Update - July 2023

Table of Contents:

Dear Panthers,

It's the end of the month again. Within this past month, we’ve updated our one-pager and successfully launched our Mining Testnet, among various other initiatives.

Let’s take a look at everything that happened in the month of July.

Tech Updates

Our v1 Testnet is Live!

This month, we announced the official launch of Panther’s Testnet. This major milestone brings us one step closer to our Mainnet release.

Testing Stage 0 is ongoing, with Stage 1 coming up very soon. Panther will be releasing information on each stage in our Testnet stages documentation similarly, on the Testnet documentation itself we will be compiling all relevant info. For each stage, we will provide users with a series of test cases to execute on the Testnet. Testers are also expected to report on bugs and potential UI/UX improvements.

Testnet rewards are automated, so the protocol itself will reward users for executing on the provided use cases.

The following are the different stages of testing that users will undertake:

Starting from Stage1, testers will be using a dedicated form to provide feedback. Specific steps will be provided in due time.

Mining Testnet: Stage 0

Panther's Testnet is now officially live!

We've released Stage 0: ZK Batching, the first testing instance directed at miners, a key role in the Panther ecosystem. In this Stage, we’re launching the Panther Miner, a specialized miner designed to interact with a blockchain network. Along with this, we provided more information on the role of Miners, which can be found in our documentation.

Both regular end-users and a tech-savvy group of profoundly involved community members have engaged with this stage. The latter has gone above and beyond,  interacting with the docker image and even updating it to circumvent some limitations (well done!)

So far:

  • 175 addresses have received miner rewards.
  • 10930 batches have been added to the Bus tree (numBatchesInBusTree).
  • 219628 UTXOs were processed in these batches (numUtxosInBusTree).

(Ongoing data from

Fetch the latest data from the Mumbai network yourself!

Over the first few days of Stage 0 testing, we accumulated data equivalent to what the protocol would typically generate in a few weeks under our projected workload.

With our data flow target achieved, we switched to mining reward mechanics and sets of parameters that aim to optimize reward distribution and how queues are mined.

We also updated the Panther Miner to address a bug that prevented the in-browser Miner client from iterating through batches. Here’s a dedicated blog post explaining the update:

Again, thanks to all for your help in testing!

Preparing for Stage 1

With thorough testing from the community on Stage 0, we are getting ready to release Stage 1.

Some key deliverables pending to launch as soon as they’re done are:

  • Core circuits for handling UTXOs and zk-proofs.
  • Final touches to the visual layer.
  • Final touches to smart contracts.

Shielded Pools: The cornerstone of our protocol

Last week, we published an article diving deep onto Shielded Pools and their relevance to Panther.

We covered everything from Pools’ reward mechanics, shared protection and liquidity to logic partitions, internal transactions, DeFi access, cross-chain functionalities, and more. Certainly, Multi-Asset Shielded Pools are a key component in Panther’s architecture and the perfect centerpiece for our innovation stack.

As with everything we release, we have updated our documentation to match this new information.

The cornerstone of Panther Protocol


Oliver Gale on Forbes

In his latest article on Forbes, Co-founder Oliver Gale explores the backbone of creating the future of Web3 and privacy, which lies in technologies that are not only robust and secure but also flexible and adaptable:

Check it out here!

Updated One-Pager

We’ve also released a new version of Panther’s one-pager. It offers a comprehensive look at Panther's product mix, outlining core components & features, along with the utility of the $ZKP token.

Read the one-pager to learn more about Panther.


Meet the Panther team in Bengaluru!

We are hosting an exclusive meetup in Bengaluru, India, focused on DeFi, zero-knowledge, and privacy solutions!

Meet us there on August 5th, network, and hang with fellow enthusiasts.

Grab a spot on our waitlist to get confirmed.

See you there!

ParisDOT Conference

Co-Founder, CTO, and Chief Scientist Anish Mohammed took the stage at the esteemed ParisDOT.Comm conference. He joined a panel of experts to discuss Liquid Staking solutions.

Anish at the ParisDOT Liquid Staking Derivatives (LSDs) DeFi panel

Funding the Commons

Anish also shared his expertise on security, cryptography and DeFi privacy at Funding the Commons Paris.

Anish speaking at Funding the Commons.

ETHCC Meetup

In light of the Ethereum Community Conference (ETHCC) '23 in Paris, and to celebrate three years of research and development leading up to our v1's launch, we hosted the ETHCC Founders & Funders Meetup.

It was a night of networking, and discussing everything zero-knowledge among builders and executives alike. It was great seeing all of you there!

Strategy, partnerships, and networking over cocktails and tapas!


Privacy, Regulations, and DeFi with Dusk Foundation

Oliver Gale, Panther co-founder, participated in a Twitter Space with Emanuele Francioni from Dusk Foundation. They discussed Privacy, Regulations and DeFi.

You can listen to the full conversation here:

Interview with Real Vision

Oliver also joined Real Vision to discuss privacy-preserving and compliant DeFi access and how Panther Protocol aims to solve these challenges for Web3 users.

Check it out:

About Panther

Panther is a cross-protocol layer that uses zero-knowledge technology to build DeFi solutions that meet regulatory requirements and satisfy users' on-chain data privacy needs. The goal of Panther is to allow seamless access to DeFi and create a cross-chain-supported architecture that serves different use cases. Panther’s zero-knowledge primitives are also generalizable to KYC, selective disclosures between trusted parties, private ID, voting, and data verification services.

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