Weekly Update 21 January 2023

Dear Panthers,

It’s Friday again, and it’s time for our weekly mini-update. Here’s everything that transpired at Panther this week. :point_down:

TECH UPDATES:

  • First of all, PIP-11 was implemented successfully Advanced Staking for $ZKP is now live at https://ipfs.io/ipns/pantherprotocol.eth/#/…, and all requested upgrades have been executed. This includes the ability to view the APR without connecting your wallet.
  • Btw, v0.5 is only a few weeks old, and it’s already showing great promise! Check out these usage stats:
  • $ZKP staked on #Ethereum :arrow_right:+43M

  • $ZKP staked on #Polygon :arrow_right:+35M

  • Total $ZKP staked in Panther v0.5 :arrow_right: +79M

  • Percentage of ZKP tokens that are contributing to building a ground-breaking privacy-preserving network: :arrow_right:+32%

  • While a small group of Panther contributors continues to work on v0.5’s interface and front-end components, most technical resources have been shifted to v1’s development. The latter group has been primarily concerned with allocating time and resources after detailed planning.
  • Another significant breakthrough has been to define a working fee structure for v1 that can make the protocol sustainable in the longer term. This design also influences other game-theoretical and economic components, such as rewards for the protocol’s users.
  • While planning has been mostly completed and some components are already designed, the development will reach full speed midway through February. Needless to say, we’re thrilled.

ECOSYSTEM

  • Co-Founder Oliver Gale also recently participated in a talk about the FTX scandal and its impact on the Caribbean with industry experts. Listen to him sharing his insights on a proper framework for blockchain operations and economic opportunities.
  • Business owners can no longer ignore privacy regulation. Oliver also breaks down why privacy regulation should be on every centralized or decentralized entity’s radar in his latest Forbes piece.
  • Panther was included in a spot-on overview of the web3 privacy market! As the document reads, “The general privacy use cases are just on the horizon. 2023 will be a year of general privacy applicability”.
    Check out “Privacy market outlook in Web3 by Mykola Siusko”.

Read it on Twitter

Best,

The Panther Protocol Team

About Panther Protocol

Panther Protocol is an end-to-end privacy protocol connecting blockchains to restore privacy in Web3 and DeFi while providing financial institutions with a clear path to compliantly participate in digital asset markets. Panther provides DeFi users with fully collateralized privacy-enhancing digital assets, leveraging crypto-economic incentives and zkSNARKs technology. Users can mint zero-knowledge zAssets by depositing digital assets from any blockchain into Panther vaults. zAssets flow across blockchains via a privacy-first interchain DEX and a private metastrate. Panther envisions that zAssets will become an ever-expanding asset class for users who want their transactions and strategies the way they should always have been: private.

Be sure to check out our Whitepaper

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