Firo And Panther Protocol Sealed A Partnership
Panther are constantly thinking ahead. Its mission is to provide a private scalable infrastructure for smart contract platforms, DeFi and Web3 applications and accelerate the institutional adoption of decentralized finance in a private and compliant manner.
Their initial discovery calls with Firo it was clear from the start that they have found a like-minded collaborator. Firo, formerly known as Zcoin, has been developing cutting edge privacy technology since 2016, having created influential privacy protocols such as Lelantus and Lelantus Spark. Some defensive projects would consider Firo as an adjacent competitor, but Panther believes privacy to be too important to become territorial
For the Panther anonymity pools to function optimally, the size of the anonymity set in our shielded privacy pools is especially important, and one of the additional details of the partnership is that Firo holders will be able to act as privacy stakers and be rewarded for providing their assets into Panther vaults.
“We welcome this opportunity. It is incumbent on advocates of privacy to travel together. Working with Panther, we will have a great opportunity to collaborate on our ZK technologies. Onboarding with Panther will also give us access to other chains and as a result, much increased liquidity.”—Reuben Yap, co founder and project Steward at Firo
Some areas of research where Firo and Panther want to collaborate are privacy technology research, cross-chain bridges and liquidity.
“At Panther we take our R&D very seriously. Working with Firo will be an interesting challenge. In some ways the Firo product is more like a competitor, but we are keen to trade Firo assets on our InterChain DEX. Both companies are dedicated to the defence of privacy and that creates our common bond.”—Oliver Gale, CEO of Panther
The partnership between Firo and Panther to provide technical collaboration and research between the two companies will look to develop new technology and invest in new ways of deploying zero knowledge proof systems relevant to privacy schemes. This will also allow for the movement of private Firo assets across chains. Firo and Panther both advocate privacy as a fundamental human right and empower users to regain control of their money.
ABOUT Panther Protocol
Panther is an end-to-end privacy protocol connecting blockchains to restore privacy in Web3 and DeFi while providing financial institutions a clear path to compliantly participate in digital asset markets.
ABOUT Firo
Firo is a privacy-first digital currency that enables untraceable transactions and true financial freedom from the prying eyes of large corporations, financial institutions, and oppressive governments. Firo advocates privacy as being an expression of consent and enables users to regain control of their money. As a leading technology innovator, Firo’s research team has created the Lelantus and Lelantus Spark privacy protocols presenting a compelling trustless alternative that has influenced
RESOURCES
Medium
