Panther Protocol: Advancing Privacy-Preserving DeFi

Key insights

• Panther Protocol launched its limited Mainnet Beta on Polygon, integrating Eurobit (Zone Manager) and Purefi (Purere Provider), with 5 million CPC tokens in incentives. This controlled view of Panther’s privacy tests in real conditions, at the same time ensuring regulation compliance.
• The 171-day audit of Veridise tested the safety of smart contracts Panther and the circles of zero knowledge, enhancing user and market trust in her privacy infrastructure. This independent check establishes trust both users and market operators, confirming that Panther’s architecture functions for privacy preservation as designed without threatening safety.
• Panther opened its code (LGPL3.0/MIT) and transferred the IP to the Panther Foundation, aligning with the values ​​of the Web3 and encouraging the participation of developers and ecosystems. This move invites developers, financial market participants and blockchain innovators to integrate, use and build on Panther’s privacy technology, accelerating the growth of ecosystems, at the same time strengthening the dedication of protocol decentralization.

Basic coating

Panther protocol (ZKP), founded in 2021, is a zero knowledge of the cross -protocol layer that unlocks defined. Panther aims to create a completely decentralized, multihain, a protocol increased privacy that allows entities with a VASP license to create adaptable trade environments. Through use €zone with a division of liquidity that operates Zone Managers,, Protected pools,, Alignment toolsand Definct adapters; Panther is well on the path of providing a privacy frame with an approach to Onchain. The project is currently in its 9th phase of testing (limited Mainnet Beta), which went live live 31. March 2025.

The Panther Protocol was faced Oliver Gale and Dr. Anish Mohammed. Oliver Gale joined the crypto space in 2013, launched one of the first CBDC pilots in the Caribbean and participated in political discussions on the world stage with the UN, IMF and many central banks. Dr. Anish Mohammed has spent more than two decades in a cryptography area with an emphasis on research by cryptographic algorithms. Dr. Mohammed was also an early counselor for Ripple and Ocean protocolas well as part Ethereum swarm (orange) teamwhere he examined the orange paper.

Since its inception, Panther has raised $ 31.8 million in three private financing rounds and one tokens for sale.

Website / X (Twitter) / Disharmony / Documents

Limited Mainnet beta

The Panther Protocol Foundation has launched its Restricted Mainnet Beta (Canary) At the polygon in March 2025, marking a significant turning point on his path to a private, compatible definition. Unlike the previous stages of TESTNET, this beta works with real property in a controlled environment, allowing Panther to confirm its privacy technology in real market conditions.

Beta structure and features

Beta has a one -class implementation managed by Eurobit, a licensed provider of virtual assets (VASP) services acting as a zone manager. Purefi serves as a compliance provider, handling of KYC and KYT processes, including the screening of wallets. Together they show Panther’s ability to integrate with licensed financial entities while maintaining privacy.

Key features that are tested include:

• Transactions that keep privacy: Users can lay property with white listing in protected pools and conduct private transactions using evidence of zero knowledge.
• ZMAP integration: Connected to the Uniswap V3 and Quickswap on Polygon, users can exchanges private assets with the defined definite protocols.
• Matching box: Users undergo KYC to create zaccounts, while Data Escrow allows regulatory supervision when needed.
• Innovation of gas fee: Testing gas fees using the CPC Token Directly from Zaccount Balance is tested.

Beta supports to 10 tokens on a white list (eg CPC, Pol, Link, Grt, Un, Quick, Aave) with daily limitations of transactions of $ 100.

To encourage participation, Panther assigned 4 million CPC for awards and 1 million CPC to subsidize network costs (0.5% of the total tokening supply). Beta uses miners in a community to process transactions and updates of Merkle trees, enhancing Panther’s decentralized vision. 2,900+ Zaccounts participated in the canary network.

Significance for the Panther’s Folder of the Way

This beta represents a critical point of validation for Panther’s approach to definition of conservation of privacy for several key reasons:

• Validation in the real world: This shows Panther’s ability to provide privacy with the maintenance of compliance, a combination that has proven to be challenging for many blockchain projects. Access to work with licensed VASPs is a new path to reconcile these competitive priorities.
• Ecosystem integration: By connecting with Uniswap and Quickswap, Panther shows that privacy can expand to the existing defrastructure, not to replace, solving the problem of insulation that has limited other privacy solutions.
• Testing regulatory frames: Model Zone Managed VASP with comprehensive compliance measures could be determined by a draft for how privacy and respect can coexist in the def.

Veridise hears

In April 2025. Panther Protocol announced Comprehensive security audit Spent blockchain security company Verida. This independent check of the mechanisms of the safety and privacy of the protocol is a key step towards launching the mainnet.

Audit scope and procedure

Veridise audit was conducted over 171 days, which is a significant investment that reflects the complexity of Panther’s privacy architecture. The audit covered five critical areas::

• The safety of a smart contract: Checking to make contracts function without vulnerability that could lead to loss of funds or privacy violations.
• Zero knowledge circles: Validation of a system resistant to ZK that form the basis of Panther’s privacy solution.
• Matching mechanisms: Assessment of selective schemes and tools that allow regulatory supervision with privacy preservation.
• Vectors that are throughout the protocol: Testing of potential attack vectors, including inter -component interaction.
• Cryptographic implementation: Checking of complex primitives, including the groth16 variant of the ZK-Garx.

The process also included an overview of the code and a formal check of critical components.

Significance for the trust and adoption of users

This audit brings implications For Panther’s Development and Adoption:

• Establishing the foundation of trust: Third -party check is crucial for privacy protocols; Users must believe that their financial data remain protected, although they cannot directly observe the mechanisms of privacy. The audit provides this guarantee for users, developers and financial institutions.
• Validation of new architecture: Panther’s approach to combining evidence of zero knowledge with UTXO models and protected pools is a complex technical architecture. The audit confirms that this combination is surely functioning in practice, not just in theory.
• Regulatory trust: Confirming the integrity of Panther’s compliance mechanisms, the audit helps to determine that privacy and regulatory requirements can coexist, which is important to consider institutional adoption. The audit has confirmed that the schemes of the selective publication of Panther enables regulatory supervision without compromising users’ privacy.
• Prerequisite for open terrain: Successful audit was the predecessor of Panther’s outdoor codes, showing a responsible approach that provides a priority of safety over speed.

Open coded base

After a successful audit of Veridise, Panther Protocol took another significant step forward in May 2025, with an open source of its main base of the codes. This move is a commitment to transparency and developing a community -directed.

Open Code edition

The open source process included Three key components::

• Transmission of intellectual ownership: All intellectual ownership associated with the panther was transferred from Panther Ventures Limited to Pantter Protocol Foundation.
• Licensing box: Computation of the code is required under LGPL3.0 and a myth license, providing a permisive frame that encourages both use and contribution.
• Public accessibility: Code is available on Panther Protocol Foundation Girlub and Gitlab repositories.

With open sources, it includes basic technology for increasing Panther privacy, including zero knowledge circles and infrastructure for protected pools and hamlets. By posting the code, Panther allows anyone to examine and check how his privacy technology works. At the same time, the management remains with Panther Daom, embodying the principles of web3 transparency and decentralization.

Implications to the growth of ecosystems

Open-Sourcing has several implications on the future of Panther:

• The adoption of the developer: By removing obstacles to access, Panther allows developers to integrate their privacy technology into their applications. Developers can now use Panter’s circles of zero knowledge, smart contracts and infrastructure to build applications that require privacy with the maintenance of compliance, which is a previously difficult combination.
• Improvement of security: In open code, it benefits from the principle of “many eyes”, where a community review can identify security issues that could be missed during formal audits. This permanent community surveillance is invaluable for privacy protocols, because the vulnerability of privacy can be subtle and difficult to discover them.
• Progress in research: Availability of Panther’s code to academic researchers and experts in cryptography could accelerate innovation in calculating privacy conservation, which would use a wider field beyond Panther.
• Interoperability of ecosystems: Open course facilitates integration with other protocols, potentially expanding Panther’s range through multiple blockchain and defined ecosystems through bridges and adapters.

Final summary

Recent events in the Panther Protocol travel, limited launch of Mainnet Beta, successful audit of Veridise and the open course of his codic base, collectively represent significant progress to the realization of his privacy conservation, in accordance with the definition. Beta shows Panther’s ability to balance privacy with regulatory requirements through its model Zone controlled VASP, while the comprehensive audit of Veridise establishes the basis of confidence in checking the security of Panther’s implementation. Open code, Panther is converted from a product to a platform, potentially accelerating innovation in finance for privacy preservation.

As the protocol progresses according to the launch of Full Mainnet, these turning points establish a new standard for how privacy and respect can coexist in blockchain technology.

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