[PRESS RELEASE – Midtown, Gibraltar, 19th November 2021]
Panther Protocol, the end-to-end privacy solution building the privacy layer for Web3 and Decentralized Finance, and Candles, an EVM/eBPF hybrid chain offering up to 75,000 TPS for dApps that require lightning speed and scale, are joining forces in a strategic partnership today.
Based on Solana, but offering EVM compatibility and Solidity support, Velas is building an open-source blockchain world of services and products including Account, Vault and Wallet, allowing users to enjoy a seamless experience and instant, low cost transactions. Velas aims to combine the best qualities of centralized solutions such as UX and speed, with the trustless new paradigms of decentralized solutions.
Velas’s mission is to create and integrate world-changing technology products and services to improve people’s lives all over the globe, and Panther is bringing privacy preserving infrastructure to that nascent, high potential ecosystem.
The team at Velas strongly resonates with Panther’s interest in advancing privacy and data protection tools. Therefore, the teams decided to work together on technical integrations. Velas and Panther will share their research for technology development and deployment related to privacy schemes using zero-knowledge proof systems.
Panther Protocol will also enable the cross-chain exchange of private Velas assets thanks to its unique privacy preserving interoperability features. This will accompany the integration of Panther zAssets into the Velas wallet to produce access to on-chain privacy for Velas’ users. Velas’ enterprise clients and customers will greatly benefit from this additional layer of privacy.
“The integration between Velas and Panther Protocol enables the advancement of privacy and data protection tools. We have a big vision for the future of DeFi and Panther fits into that vision as a partner providing decentralized, trustless privacy and interoperability to this burgeoning ecosystem”. — Oliver Gale, CEO at Panther Protocol
“We are excited to see how this new partnership between Velas and Panther Protocol can move privacy and data protection to a whole new level. Panther Protocol can be perfectly integrated into the Velas Wallet and cross-chain to make Velas assets private”. — Added Shirly Valge, COO at VELAS
Panther is uniquely positioned to bring private transactions over to the Velas Ecosystem. Velas’ native assets, in turn, will be incredibly beneficial to Panther’s user base and liquidity, strengthening Pather’s Multi-Asset Shielded Pools. Velas’ users will also enter Panther’s staking program and governance, further decentralizing our Protocol.
Velas is a super-fast EVM/EBPF hybrid chain, which inherited the best from Solana’s Protocol and applied it to the EVM world. Access to DeFi privacy for Velas’ users will be vital in attracting more users to the Protocol.
In this role to grow the DeFi ecosystem through Velas’ solutions, their institutional and enterprise clients (which include industry giants such as Coinpayments, Alpina Capital, Mind AI, MarketAcross, Blockchain Suisse, and more) will gain access to Panther’s disclosures and KYC/AML features. Panther’s unique regulation-friendly ZK Reveals will come in handy for these high-caliber players to stay on the law’s better side while retaining access to their data and total privacy and enjoying cheap transaction costs.
Velas is the world’s fastest EVM-compatible Blockchain and an ecosystem of decentralized products. Building on Velas enables projects to benefit from up to 75k TPS for almost free cost, such are the minuscule transaction fees.
About Panther Protocol
Panther 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.
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