• Panther Protocol and Supra Oracles Join Forces to Enable Private, Cross-Chain DeFi

  • Panther Protocol and SurpaOracles collaborate to bring cross-chain and private decentralized finance solutions to market. Both parties will help to advance the DeFi industry and build much-needed infrastructure to serve a global audience. Furthermore, the collaboration will empower both users and developers to fuel more competition and innovation in this burgeoning industry.

    Panther Protocol has collaborated with SupraOracles to develop a private DeFi ecosystem with cross-chain functionality. SupraOracles is an obvious choice: their technology provides developers with a novel Oracle toolset for building, deploying, and managing real-time data applications. Furthermore, the technology stack provides exceptional performance, agility, and robustness.

    Furthermore, Panther Protocol and Supraoracles share a vision of exploring cross-chain operations. In the world of decentralized finance, interoperability and privacy can coexist. Users and developers will enter a new DeFi paradigm by combining the best of both worlds.

    Oliver Gale, Co-Founder and CEO of Panther, says:

    “The SupraOracles collaboration is based on the need for low latency, flexible, and cross-chain Oracle services.” As DeFi expands into high-value retail user and institutional use cases, privacy, speed, security, and compliance will become buzzwords for winning teams.”

    SupraOracles will generate data service feeds tailored to Panther’s requirements as part of the partnership. SupraOracles takes on the role of Trust provider for data types required to support Panther’s Prover-Verifier mechanism, a critical cog in the machine for zero-knowledge attestations. The Multi-Helix Ledger (MHL) is an extremely efficient way of moving and accessing value between chains while maintaining speed, authenticity, and security.

    Panther also promises to use Supra’s cross-chain Oracle capabilities in the InterChain DEX for cross-chain alignment and data consistency. These oracles can provide a variety of critical data, such as price feeds, complex financial information, and so on.

    Joshua D. Tobkin, Co-Founder and CEO of SupraOracles, adds:

    “The unique value proposition of the Panther Protocol is its ability to appeal to legacy financial institutions that want to protect user privacy while still adhering to regulatory requirements.” SupraOracles is also designed to bridge the divide between DeFi and traditional financial institutions. As a result, our projects are not only technically compatible, but we also agree on the importance of welcoming TradFi into DeFi.”

    Concerning the Panther Protocol

    Panther is an end-to-end privacy protocol that connects blockchains to restore privacy in Web3 and DeFi while also providing financial institutions with a clear path to participate in digital asset markets in a compliant manner.

    Panther provides fully collateralized privacy-enhancing digital assets to DeFi users by leveraging crypto-economic incentives and zkSNARKs technology. By depositing digital assets from any blockchain into Panther vaults, users can create zero-knowledge zAssets. zAssets are transferred between blockchains using a privacy-first interchain DEX and a private metastrate. Panther anticipates that zAssets will become an ever-expanding asset class for users who prefer to keep their transactions and strategies private, as they should have always been.

    SupraOracles Information:

    SupraOracles is a powerful cross-chain oracle that assists businesses in connecting real-world data to both public and private chains, allowing interoperable smart contracts to automate, simplify, and secure the future of financial markets. Supra Oracles is attempting to bridge the gap between traditional capital markets and the Web3.0 ecosystem. SupraOracles’ vision is to provide a novel Oracle toolset to the developer community, allowing them to easily create, deploy, and manage data applications with exceptional performance, robustness, and agility. ‍‍

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