Panther Protocol Expands Its Partnership With Flare Network
Flare is the world’s first Turing-complete FBA (Federated Byzantine Agreement) network. Built to “Unlock the Value” inherent in the 65% of blockchains that do not have native smart contracts by bringing, for the first time, true trustless usage of those tokens with scalable smart contracts and integrating Ethereum’s Virtual Machine in a scalable way.
Panther Protocol expands its partnership with Flare to include Songbird — Flare’s Canary Network.
Songbird will integrate Panther’s Shielded Pools into its Ethereum Virtual Machine (EVM) to enable on-chain privacy for its users. Its team will deploy Panther’s privacy-preserving infrastructure on Songbird for code testing. Panther users will be able to benefit from private transactions over Songbird.
Songbird users will be included in Panther’s staking and governance. They’ll also be able to benefit from private DeFi within the network, access selective disclosures both for retail users and institutions, and enjoy early access to Panther’s KYC/AML zero-knowledge solution on Songbird’s Institutional side.
“Songbird has launched to be a thriving testbed for the most ground-breaking decentralised technologies. So we are thrilled that Panther are leveraging their zkSNARK cryptography and state of the art asset mixing technologies to deliver the privacy solutions that DeFi radically requires to make a giant leap forward. Stablecoins, utility tokens and NFTs can now become infused with privacy, giving sovereignty back to the user.” — Hugo Philion, Co-Founder and CEO at Flare and Songbird
About Flare and Songbird
Songbird is the Canary network for Flare, which is an operational blockchain with a defined token supply, similar to Polkadot’s Kusama network. Innovations and new dApp launches will happen first on Songbird and can then be rolled out on Flare after testing. This means that Songbird will often have more advanced features than Flare. Post Flare launch, Songbird is intended to be a long term network for testing governance led changes to Flare but can take its own path set by its own token holder mediated governance. Songbird has demonstrated phenomenal growth, having only existed for 8 weeks, it has already processed over 2.3M blocks and registered over 222K addresses.
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.
RESOURCES
Medium
