Panther Protocol, an interoperable privacy solution focused on the needs of decentralized finance traders and investors, has just announced it has entered into a strategic partnership with Polygon, a protocol and a framework for building and connecting Ethereum-compatible blockchain networks, according to the press release shared with iHodl.
As a result of the partnership, all projects based on Polygon will be able to use Panther’s interoperable privacy and compliance-friendly selective disclosure mechanisms.
In addition, Panther is rolling out its own MVP on Polygon.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.
Apart from providing technical support, Polygon will help Panther cooperate with projects from its ecosystem, among other things, to develop privacy features that empower end users.
Both companies are aware of the importance of privacy, which is the reason why Panther leverages the zkSNARK tech to let users mint fully-collateralized, privacy enhancing zero-knowledge assets (zAssets) by depositing their digital assets from any blockchain into Panther vaults.
The MVP will allow the first Panther users to get acquainted with zAssets, which provide privacy by default whilst retaining DeFi composability.