Today, Panther Protocol, the end to end privacy solution that builds the privacy layer for Web3 & Decentralized Finance, and Velas (an EVM/eBPF hybrid chain that offers up to 75,000 TPS, for dApps which require lightning speed & scale), are joining forces in a strategic alliance.
EVM Compatibility
Velas, which is based on Solana but offers EVM compatibility, Solidity support and Solidity support. Velas is creating an open-source blockchain world that includes Account, Vault, and Wallet. This will allow users to have a seamless experience with low-cost transactions and instantaneous transactions. Velas combines the best features of centralized solutions like speed and UX with the trustless new paradigms decentralized solutions.
Velas’s mission it to create and integrate world-changing technologies products and services that improve people’s lives around the globe. Panther is helping to bring privacy-preserving infrastructure to this nascent ecosystem.
Velas Team
The Velas team strongly supports Panther’s desire to advance privacy and data protection tools. The teams decided to collaborate on technical integrations. Velas will share his research on technology development and deployment for privacy schemes using zero-knowledgeproof systems with Panther.
Panther Protocol’s unique privacy-preserving interoperability features will allow cross-chain exchange private Velas assets. This will be done in conjunction with the integration of Panther zAssets to the Velas wallet, which will allow Velas users to have on-chain privacy. This privacy layer will be a huge benefit to Velas’ enterprise clients as well as customers.
“The integration of Velas Protocol and Panther Protocol allows for the advancement in privacy and data protection tools. We have a big vision of the future for DeFi and Panther fits in that vision as a partner providing trustless, decentralized privacy and interoperability to this growing ecosystem. Oliver Gale, CEO of Panther Protocol
“We are excited to see the new partnership between Velas & Panther Protocol move privacy and data protection up to a whole new level. Panther Protocol can be seamlessly integrated into the Velas Wallet, and cross-chained to keep Velas assets private. Shirly Valge is the COO of VELAS.
Panther
It is uniquely placed to bring private transactions to the Velas Ecosystem. The Velas native assets will be of great benefit to Panther’s user base, liquidity, and strengthening Pather’s Multi-Asset Shielded pools. Velas’ users can also participate in Panther’s governance and staking program, further decentralizing our Protocol.
Velas is a super fast EVM/EBPF hybrid chain. It inherited the best of Solana’s Protocol, and applied it to EVM world. In order to attract more users to Velas’ Protocol, Velas users will have access to DeFi privacy.
Their institutional and enterprise clients, which include industry giants like Coinpayments, Alpina Capital and Mind AI, MarketAcross and Blockchain Suisse, will have access to Panther’s disclosures as well as KYC/AML features. These high-caliber players will benefit from Panther’s unique ZK Reveals, which are regulation-friendly. They can still have access to their data and privacy while also enjoying low transaction costs and easy transactions.
In Summary
The lack of intercommunication between protocols is one of the biggest problems and disparities in the blockchain ecosystem. This, combined with the lack of privacy across blockchain boards, makes it more important to build bridges for equal, private Access across DeFi.
Blockchains that serve institutional clients like Velas are crucial to the next step in financial innovation. Panther is happy to be able infuse privacy with zero knowledge compliance features in this growing environment while also advancing research on the technology that makes this possible.
About Velas
Velas is the fastest EVM-compatible Blockchain in the world and an ecosystem for decentralized products. Velas allows projects to get up to 75k TPS almost for free, due to the small transaction fees.
Panther is an end to-end privacy protocol that connects blockchains to restore privacy to Web3 and DeFi, while giving financial institutions a clear path to comply with digital asset markets.
Panther provides DeFi users fully collateralized privacy-enhancing digital asset assets that are fully secured, leveraging cryptoeconomic incentives and zkSNARKs tech. By depositing digital assets from any blockchain to Panther vaults, users can create zero-knowledge zAssets. zAssets can flow across blockchains using a privacy-first interchain dex and a private metastrate. Panther believes that zAssets could become an ever-expanding asset type for users who want to keep their transactions and strategies private.