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Panther DAO Votes to Launch Personal DeFi Protocol Finish of January – Press launch Bitcoin Information

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PRESS RELEASE. Blockchain historical past was made earlier this week. Due to greater than 2,560 DAO votes in a Snapshot proposal, the Panther Protocol was voted to be launched in a personal, decentralized method. This constitutes the very first occasion of its sort, a characteristic that units Panther a step in the direction of its mission to infuse the DeFi ecosystem with native privateness. It’s also the very first Personal Governance System ever deployed within the crypto business.

Panther’s decentralized, non-public launch

To attain a totally decentralized, non-public launch, Panther Protocol’s sturdy neighborhood of lovers used a singular, state-of-the-art tech stack. Panther deployed LaunchDAO, a system permitting each person that had accomplished Know-Your-Buyer id verification for its Public and Personal token gross sales to subject a zero-knowledge proof anonymously verifying their participation. Utilizing this proof, individually-verified customers might privately vote on whether or not or to not launch the protocol on the Ethereum and Polygon blockchains.

With over 99% of the votes in favor of launching the protocol, Panther has set what the crew expects will probably be a optimistic precedent all through the business. Launching in a personal, decentralized method permits the protocol to be ruled by a DAO from Day 0, in flip defending the crew from any considerations by lawmakers of the crypto neighborhood relating to the management of the undertaking.

LaunchDAO as a system could possibly be used and applied by any blockchain or crypto-related undertaking pursuing decentralization from Day 0. About this achievement and its influence upon the blockchain ecosystem, Panther’s CEO and Co-Founder, Oliver Gale, has stated:

LaunchDAO represents the primary time in crypto historical past a totally verified person base has been capable of vote on the long run existence or non-existence of a protocol. The Panther protocol will probably be deployed and launched privately and trustlessly by the LaunchDAO. Moreover, decentralized voting methods have functions throughout each legacy and Web3 methods.

In flip, Anish Mohammed, CTO and co-Founder, in addition to former advisor to the Ethereum Basis and Ripple Labs, provides:

“LaunchDAO additionally represents the official debut of Panther ZK Reveals. ZK Reveals defend the id of every voter, but use zero-knowledge proofs to validate that they’re each certified to vote while additionally enabling them to take action with out leaking confidential info, resembling their chosen final result.”

It’s also price declaring that the vote to launch the Panther Protocol hasn’t been the one determination of the DAO. The Panther neighborhood has additionally elected to postpone the Token Technology Occasion for the undertaking’s native token, $ZKP, till January thirty first, to permit the crew to increase its preparation stage. Upon this date, a 3rd vote by the neighborhood will happen to set off this occasion. That is made potential at zero value to customers due to Panther relayers that cowl all fuel charges and off-chain voting utilizing the zero-knowledge proofs, generally known as Panther (ZK) Reveals.

What’s Panther Protocol

Panther Protocol is an end-to-end privateness protocol connecting blockchains to revive privateness in Web3 and DeFi whereas offering monetary establishments with a transparent path to compliantly take part in digital asset markets. Panther offers DeFi customers with absolutely collateralized privacy-enhancing digital property, leveraging crypto-economic incentives and zkSNARKs expertise.

Customers can mint zero-knowledge zAssets by depositing digital property from any blockchain into Panther vaults. zAssets movement throughout blockchains through a privacy-first interchain DEX and a personal metastrate. Panther envisions that zAssets will change into an ever-expanding asset class for customers who need their transactions and techniques the way in which they need to at all times have been: non-public.

Make sure you try the undertaking’s Web site.

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