Not sure how Panther product works (need help)

Panther Improvement Proposals (PIPs)
1

Hi,

I’m trying to understand how the Panther product works, especially things like zAssets and privacy features, but I’m a bit confused.

Can someone explain it in a simple way or point me to a good guide?

Thanks!

2

See zAssets as 1:1 fully collateralized, privacy-enhancing digital assets minted by depositing assets from any blockchain into Panther’s shielded pool. So they are wrapped tokens minted when users deposit native digital assets into Panther’s smart contracts. Ethereum (ETH) becomes zETH, USDC becomes zUSDC, etc.

More info can be found here on our docs: zAssets | Panther Protocol Documentation

Or here at the protocol overview Messari wrote about Panther: https://messari.io/report/understanding-panther-protocol-a-comprehensive-overview

3

Short version: zAssets are 1:1-backed wrapped assets used inside Panther’s shielded pool. You deposit a supported asset, receive the zAsset, and can transact with it privately inside the pool; when you withdraw, the public chain does not directly link that withdrawal to your original deposit. The privacy feature is mainly this shielded-pool design, plus optional disclosure for compliance. The docs linked above are the best place to check supported assets and exact mechanics.