Weekly Update | Panther Protocol
Table of Contents:
Fellow Panthers,
As this week wraps up, we’re excited to share our latest news with you. This week’s update covers the latest updates regarding our ecosystem and testnet development.
Ecosystem updates
Testnet Stage 5 is now live with enhanced gas management and improved transaction processing
Stage 5 of our testnet is live. Stage 5 includes using a third party Relayer service (a.k.a Bundler) and supports gasless transactions via an Account Abstraction Paymaster contract.
Panther’s CTO, Anish Mohammed, on Proof of Podcast
Last week, our Co-Founder Anish Mohammed joined Hake from the Proof of Podcast to discuss tokenomics design and cryptography.
Panther’s CEO, Oliver Gale, at ETH Dam
Our Co-Founder and CTO, Oliver Gale, will take the stage at Crypto Canal’s ETHDam on April 13 to share his insights on alpha protection through privacy for DeFi users.
Panther Protocol testnet and rewards update
Current testnet users: 3000+
Total rewards distributed: 700,000+ $ZKP
Our testnet rewards pot is 2 million $ZKP — have you signed up for our testnet yet to earn your share? Grab the latest link from Panther’s docs to join our testnet and receive your $ZKP rewards.
Product updates.
Stage 6 developments
Stage 6 of the testnet dApp includes fee management and basic disclosures. Development for Stage 6 is complete and currently under testing. The team plans to release Stage 6 later this month.
Completion of the first round of audit
Panther recently completed Veridise’s first round of audits for circuits and smart contracts. The team is working on Enhancement Stage 2 to incorporate feedback from Veridise’s recent audits and other dApp improvements. We expect to release updates made to the dApp together with Stage 6 for community testing.
Mumbai Network Shutdown
As Polygon transitions to a new test network in response to the deprecation of the Ethereum Goerli test network (the underlying L1 for Mumbai), Mumbai has ceased operations. This development was somewhat unexpected, as we anticipated that Mumbai would remain operational until full network support for Amoy was established.
In the interim, we want our testers to know that their $ZKP rewards are SAFE and that the $ZKP rewards accumulated from Stage 1 testing up to the present are secure. You will receive these rewards as planned.
Next Steps: The Panther team is actively exploring alternatives to continue our testing processes effectively. Stay tuned for further updates on our Discord and Telegram groups, and thank you for your continued support and understanding.
Stage 7 development
Stage 7 of the testnet dApp includes DeFi swaps, advanced disclosures, other supported assets, and canary deployment (use of real tokens). The team is working on Stage 7 in parallel with Stage 6 and Enhancement Stage 2. We are currently working on UI/UX development and expect to release Stage 7 for community testing in the first week of May.
About Panther
Panther Protocol is a cross-protocol layer that uses Zero-Knowledge technology to build DeFi solutions that aim to meet ever-evolving regulatory standards while satisfying users’ on-chain data privacy needs. Panther’s goal is to enable seamless access to DeFi via a cross-chain-supported ZK compliance protocol. Panther Protocol offers confidentiality across transactions in Shielded Pools; zSwap for DeFi integrations — enabling private swaps on third-party DEXs; and zTrade for internal OTC book for trading assets privately. Furthermore, Panther Protocol’s Zero-Knowledge primitives are generalizable to KYC, selective disclosures between trusted parties, private ID, voting, and data verification services.
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