THELOGICALINDIAN - PRESS RELEASE Blockchain history was fabricated beforehand this anniversary Thanks to added than 2560 DAO votes in a Snapshot angle the Panther Protocol was voted to be launched in a clandestine decentralized address This constitutes the actual aboriginal accident of its affectionate a affection that sets Panther a footfall appear its mission to animate the DeFi ecosystem with built-in aloofness It is additionally the actual aboriginal Clandestine Governance System anytime deployed in the crypto industry
Panther’s decentralized, clandestine launch
To accomplish a absolutely decentralized, clandestine launch, Panther Protocol’s able association of enthusiasts acclimated a unique, advanced tech stack. Panther deployed LaunchDAO, a arrangement acceptance every user that had completed Know-Your-Customer character analysis for its Public and Clandestine badge sales to affair a zero-knowledge affidavit anonymously acceptance their participation. Using this proof, individually-verified users could abreast vote on whether or not to barrage the agreement on the Ethereum and Polygon blockchains.
With over 99% of the votes in favor of ablution the protocol, Panther has set what the aggregation expects will be a absolute antecedent throughout the industry. Ablution in a private, decentralized address allows the agreement to be absolute by a DAO from Day 0, in about-face attention the aggregation from any apropos by assembly of the crypto association apropos the ascendancy of the project.
LaunchDAO as a arrangement could be acclimated and implemented by any blockchain or crypto-related activity advancing decentralization from Day 0. About this accomplishment and its appulse aloft the blockchain ecosystem, Panther’s CEO and Co-Founder, Oliver Gale, has said:
“LaunchDAO represents the aboriginal time in crypto history a absolutely absolute user abject has been able to vote on the approaching actuality or non-existence of a protocol. The Panther agreement will be deployed and launched abreast and trustlessly by the LaunchDAO. Furthermore, decentralized voting systems accept applications beyond both bequest and Web3 systems.“
In turn, Anish Mohammed, CTO and co-Founder, as able-bodied as above adviser to the Ethereum Foundation and Ripple Labs, adds:
“LaunchDAO additionally represents the official admission of Panther ZK Reveals. ZK Reveals assure the character of anniversary voter, yet use zero-knowledge proofs to validate that they are both able to vote whilst additionally enabling them to do so after aperture arcane information, such as their called outcome.”
It is additionally account pointing out that the vote to absolution the Panther Protocol hasn’t been the alone accommodation of the DAO. The Panther association has additionally adopted to adjourn the Badge Generation Accident for the project’s built-in token, $ZKP, until January 31st, to acquiesce the aggregation to extend its alertness stage. Upon this date, a third vote by the association will booty abode to activate this event. This is fabricated accessible at aught amount to users acknowledgment to Panther relayers that awning all gas fees and off-chain voting application the zero-knowledge proofs, accepted as Panther (ZK) Reveals.
What is Panther Protocol
Panther Agreement is an end-to-end aloofness agreement abutting blockchains to restore aloofness in Web3 and DeFi while accouterment banking institutions with a bright aisle to compliantly participate in agenda asset markets. Panther provides DeFi users with absolutely collateralized privacy-enhancing agenda assets, leveraging crypto-economic incentives and zkSNARKs technology.
Users can excellent zero-knowledge zAssets by depositing agenda assets from any blockchain into Panther vaults. zAssets breeze beyond blockchains via a privacy-first interchain DEX and a clandestine metastrate. Panther envisions that zAssets will become an ever-expanding asset chic for users who appetite their affairs and strategies the way they should consistently accept been: private.
Be abiding to analysis out the project’s Website.
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