Testnet Stage 7 is now live with simulated Swaps, Data Escrow and more

by Panther Team

Before we announce the exciting new features available for testing in Stage 7, we want to extend our gratitude to our community of over 3,500 testnet users. Your diligent testing and valuable feedback are critical to our mission.

We are pleased to share that testing for Stage 6 is now complete, providing valuable insights and resulting in updates to our codebase. 

Today, we are excited to announce that Stage 7 of our testnet is live. This stage includes simulated Swap functionality, Data Escrow, and major upgrades to the user history interface. 

Note: Panther’s test network is now on Amoy, Polygon’s test network and can be accessed here. 

Swap functionality

Swap functionality is now simulated in the testnet. Users can “swap” their shielded assets (zAssets) within Panther Protocol’s Shielded Pool while interacting with test versions of external decentralized Swap protocols like Uniswap V3 and QuickSwap, both of which are on Amoy, Polygon’s test network. These transactions occur inside Panther Protocol’s shielded Zones, ensuring the privacy of the transactions is preserved.

How to test the swap feature

To prepare the transaction, a user (1) selects the token types (Target Pairing) for the swap and (2) set the amount to send (swap from). The user can see the estimated amount to receive (swap to). Then select which token is being sent and which is being received. 

The following features are included with the release, and must be specified by the user prior to making the swap. 

  • Routing: By default, the protocol selects the most efficient route. The user can override this option based on preference.
  • Slippage: Panther Protocol will allow users to prevent transactions where slippage exceeds their preferences.
  • Transaction Deadline: Automatically sets the time frame after which a pending transaction will autoif not completed. The current setting is fixed at 5 minutes. 

Prior to submitting the swap request, users can review details such as any impact that the resulting swap will have on price, using information such as liquidity, order book depth and order size; the fees from using the external swap protocols, guaranteed minimums received and exchange rate/conversion ratios.

Data Escrow

Data Escrow is an important Product Feature that supports Compliance Data requirements. Panther Protocols has implemented different types of Data Safe mechanism based on the roles that the DAO, Institutions (also referred as the Zone Manager) and Compliance provider perform to support this.

In the next stage, we will continue to build the decryption mechanism for those roles to access the data. The whole process will be tested when those roles participate in the testing process - essentially we see this as a process to Zone Manager testing the protocol along with other participants.  

History page

The History page UI has been updated with more of the details you will want to track, enabling you to keep records of your testnet transactions (including transaction types,amounts, asset types, value and date and time), mimicking how it will work once the protocol is live. 

Disclaimer

For the avoidance of doubt, tZKP, tzZKP, tPRP, test MATIC, and any other tokens mentioned in this announcement or within the product are for testing purposes only and have no economic value, nor can they be exchanged for value. 

Participation on our incentivized Testnet versions may result in you earning rewards, but such credits are not represented on any blockchain as tokens.