Weekly Update | Panther Protocol

Weekly Update | Panther Protocol

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Fellow Panthers,

Another week has passed in the dynamic world of Panther, and it’s time to share our latest updates and progress. This update provides a rundown of all the important developments from the past week.

Ecosystem updates

LBank lists Zero-Knowledge DeFi pioneer Panther Protocol’s $ZKP

We are excited to share that Panther Protocol’s $ZKP is now listed on LBank, a leading cryptocurrency exchange. This listing follows $ ZKP’s listing on BitMart in December 2023. These listings are part of our focus on cementing strategic partnerships and exchange listings before Panther Protocol’s V1 launch.

More about the LBank listing.

AMA recap: Panther’s CEO, Oliver Gale, discusses $ZKP listing on BitMart and the future of privacy in DeFi

Following the recent listing of $ZKP on BitMart, Panther’s CEO, Oliver Gale introduced Panther Protocol to BitMart’s community. Catch a summary of the conversation in our latest blog

Panther Protocol testnet and rewards update

  • Number of current testnet users: 535
  • Total rewards distributed: 200,000+ $ZKP

Our testnet rewards pot is 1.5M $ZKP — have you signed up for our testnet yet to earn your share? Learn more and sign up to join our testnet and receive your $ZKP rewards.

Product updates

Stage 4 developments

Stage 4 of testnet allows users to send zAssets inside the pool from one zAccount to another. It is under review and testing. Stage 4 is a feature-filled release as it is being shipped together with an interesting, related feature originally from Stage 6: Withdrawals. Within the Stage 4 dApp, users can undertake UTXO selection. 

On transfer, withdrawal, and other actions that involve zAsset, users will now have the ability to select the UTXOs that they want to interact with. A UTXO, or “unspent transaction”, is the ledger entry that results from a Panther transaction.

Learn more in our Shielded Pool and UTXO explainer article.

Stage 5 developments

Stage 5 development is underway in parallel, thanks to the team’s efforts over the last two months. Stage 5 includes using a 3rd party Bundler service and the ability to submit gasless transactions using an Account Abstraction Paymaster contract. 

The Bundler: transaction flow is being tested, and the team is finalizing the charge model. This code update is expected to happen in the current week, and end-to-end testing is planned for the next.

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. The 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.

Stay tuned for more updates, and thank you for your continuous support and belief in our mission.

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