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The last weeks have been incredible from an ecosystem development perspective and today we are thrilled to announce a partnership with BUMPER, an innovative DeFi protocol that aims to protect users and traders against market crashes. We have entered into a partnership agreement that aims to benefit retail and institutional users alike and the benefits to both parties are manyfold.
You know this by now, but it’s worth repeating:
Privacy and self-sovereignty are at the heart of our value proposition here at Panther.
Together with BUMPER, our shared vision is one where individuals not only benefit from the ability of distributed technologies to provide fairer digital transaction systems but may do so with the ultimate confidence that their privacy is maintained. The combination of decentralisation and full control over privacy is the pinnacle of digital empowerment.
Most can agree that a key ingredient of individual liberty is open financial access, and through this, many ultimately seek complete financial freedom. In the quest for that achievement, decentralized finance trailblazers learn to accept, or at least tolerate, higher risk. In the absence of luck, high rewards can only be accessed with high risks.
While some fortunate participants find a golden path and consistently grow their net worth, many end up over-exposed and over-extended and return their newly accumulated wealth back to the market.
The truth is, consistent risk management is critical for long term success, just like transactional privacy is essential for staying safe and free in the DeFi jungle.
Together, Panther and Bumper aim to provide DeFi users with a seamless, safe, and private DeFi user experience. Our team at Panther will provide Bumper users with a “private-by-default” experience while also enabling them to selectively disclose transactional data with counterparties and institutions whenever they wish.
We will also create workflows that allow institutions and fintechs (and their users) to enter DeFi and enjoy the Bumper Protocol’s volatility protection systems, all the while staying compliant with world-class KYC and AML standards.
Oliver Gale, CEO at Panther Protocol said about the partnership: “Bumper provides downside protection to crypto-assets, Panther provides privacy — this partnership simply makes sense from a composable DeFi worldview. We are excited to enhance and prepare Bumper for institutional capital seeking price protection and confidentiality.”
The teams are hard at work in design thinking sessions, and the possibilities seem endless. Potential use cases include providing Panther’s privacy miners with market crash protection. This allows them to reap the rewards for providing their assets to Panther shielded pools while increasing Panther’s anonymity set. More rewards and less risk is always a good thing in DeFi.
Bumper COO, Gareth Ward, remarked, “We see Panther as a key building block for the future of crypto, a game-changer in bringing privacy and compliance together, much in the same way Bumper will change the way people manage risk in the future.”
Panther’s mission is to accelerate the development of the DeFi and Web3 ecosystems, providing dApp builders and end-users with privacy and risk reduction features that can open the floodgates for mainstream adoption of decentralized applications.
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The Bumper protocol is a pure, decentralised market for on-chain asset price volatility. Users of protection set a floor price, and if the market crashes, their asset will never fall below that price. Importantly, if the market pumps, their asset rises too.
Protected positions incur an incremental, floating premium based on asset price movements. This in turn is used to incentivise the complementary side of the market wherein depositors may supply stablecoin into a liquidity reserve and earn a yield.
Want to learn more about Bumper?
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.