Weekly Update | Panther Protocol

Weekly Update | Panther Protocol

Table of Contents:

Fellow Panthers,

Another week has flown by in the dynamic world of Panther – now it’s time to share our latest updates and progress with the Panther community! This week’s rundown highlights several key developments and testing from the past week.

Ecosystem updates

Blog - let’s end the taboo of on-chain privacy

Our latest blog covers why Web3 needs to engage in a more nuanced conversation about the integral roles privacy and transparency play in financial exchange, maintaining fair and free markets, and enabling institutions to conduct daily operations. 

Panther Protocol testnet and rewards update

  • Current testnet users: 900+
  • Total rewards distributed: 500,000+ $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

Enhancement Stage-1

As we continue to strive for parallel development efforts, a 2-week technical enhancement stage is in progress to implement various fixes from previous stages. This week, we made several enhancements across different components of the protocol, including the Wallet Engine, to boost productivity. This included optimizing its cold start, resolving issues with data passing to the dApp, enabling silent initialization post zAccount activation, and addressing a set of Stage 4 issues. One of the key features to be released as a part of this enhancement stage is the transfer of zZKP from Panther Gas account to regular zAsset and vice-versa.

The team has further implemented error code mappings focused on enhancing user experience by providing detailed explanations for transaction failures. We are expecting to release stage 1 of enhancements for public testing in the week of February 26.

Stage 5 developments

Stage 5 includes using a third party Relayer service and supports gasless transactions via an Account Abstraction Paymaster contract. The team is currently performing integration testing with the second Relayer. Overall, the end-to-end Relayer integration process is working. The team is working on Stage 5 parallel with other stages and is pending the implementation on the dApp side.

Stage 6 developments

Stage 6 of testnet is a complex stage and includes fee management, basic disclosures, and zAccount renewal. 

Changes to the smart contract are under development and expected to be completed by next week. The changes for displaying and charging fees from the dApp will require an additional two weeks. We expect to release Stage 6 for public testing in mid-March. 

You can read last week’s update to learn more about Stage 6 functionalities.

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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