ShapeShift has taken brave steps in the recent past, moving from an exchange aggregator to a complete crypto management platform, as well as announcing its full decentralization.
The integration between ShapeShift and Panther will enable the advancement of privacy and data protection for users of DeFi.
ShapeShift, through its APIs, digital assets, and platforms, is a valuable pillar of the Decentralized Finance ecosystem, and will leverage Panther to achieve the maximum level of consumer protection, efficiency and privacy. Both teams will collaborate on research, deployment of privacy tools, and for ShapeShift users to participate in Panther’s staking program and governance.
The technical collaboration between both teams will also enable liquidity provisioning to Pather’s Multi-Asset Shielded Pools.
Commenting on the partnership. Willy Ogorzaly, former Principal Product Manager at ShapeShift (now Head of Decentralization at the Fox Foundation as ShapeShift moves into a DAO model) stated:
“Panther’s mission to bring privacy and interoperability to DeFi protocols across chains aligns closely with the mission of ShapeShift DAO. We look forward to partnering with Panther to give ShapeShift users access to unprecedented levels of privacy in their DeFi journeys.”
To this, Panther Protocol’s CEO and co-Founder, Oliver Gale, added:
“ShapeShift has been a pioneering platform in the march towards self-sovereign DEX infrastructure. The ShapeShift DAO is a major step towards the fulfilment of the vision of decentralized exchange services and Panther looks forward to offering zAsset swaps with compliance optionality to the ShapeShift community.”
Since 2014, ShapeShift has been pioneering self-custody for digital asset trading. The company’s web and mobile platforms allow users around the world to safely buy, hold, trade and interact with digital assets such as Bitcoin and Ethereum.
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.
Panther provides DeFi users with fully collateralized privacy-enhancing digital assets, leveraging crypto-economic incentives and zkSNARKs technology.