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Panther Protocol and SupraOracles Join Forces To Enable Cross-Chain, Private DeFi

Panther Protocol and SupraOracles Join Forces To Enable Cross-Chain, Private DeFi


November 1, 2021 – Midtown, Gibraltar


Panther Protocol and SupraOracles join forces to introduce cross-chain and private decentralized finance solutions. Both parties will advance the DeFi industry and introduce much-needed infrastructure to cater to a global audience. In addition, the partnership will empower users and developers alike to fuel more competition and innovation in this booming industry.

Panther Protocol partners with SupraOracles to create a private DeFi ecosystem with cross-chain functionality.

The choice for SupraOracles is straightforward – their technology gives developers a novel oracle toolset to build, deploy and manage real-time data applications. Moreover, the technology stack offers stellar performance, agility and robustness.

Moreover, the vision of Panther Protocol and SupraOracles align through exploring cross-chain operations. Interoperability and privacy can go hand-in-hand in the world of decentralized finance. By combining the best of both worlds, users and developers will enter a new DeFi paradigm.

Oliver Gale, co-founder and CEO of Panther Protocol, said,

“The SupraOracles partnership is one grounded in the need for low latency, flexible and cross-chain oracle services. As DeFi scales into high-value retail user and institutional use cases, privacy, speed, security and compliance will become the keywords of successful teams.”

Through the partnership, SupraOracles will generate data service feeds custom-tailored to Panther’s needs. SupraOracles becomes the ‘trust’ provider for data types required to support Panther’s ‘prover-verifier’ mechanism – a crucial cog in the machine for zero-knowledge attestations.

The ‘multi-helix ledger’ (MHL) is extremely efficient in moving and accessing value between chains without compromising speed, authenticity or security.

Panther will also commit to using Supra’s cross-chain oracle capabilities in the interchain DEX for cross-chain alignment and data consistency. These oracles can provide various pieces of crucial data, including price feeds, complex financial information and so forth.

Joshua D. Tobkin, co-founder and CEO of SupraOracles, said,

“Panther Protocol’s unique value proposition is its ability to appeal to legacy financial institutions that want to protect user privacy while still abiding by regulatory requirements. SupraOracles is also built to bridge the gap between DeFi and traditional financial institutions. So, our projects are not only compatible from a technical perspective but also agree on the importance of welcoming TradFi into DeFi.” 

About Panther Protocol

Panther is an end-to-end privacy protocol connecting blockchains to restore privacy in web 3.0 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. Users can mint zero-knowledge zAssets by depositing digital assets from any blockchain into Panther vaults.

zAssets flow across blockchains via a privacy first interchain DEX and a private metastrate. Panther envisions that zAssets will become an ever-expanding asset class for users who want their transactions and strategies the way they should always have been – private.

For more information, visit here.

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About SupraOracles

SupraOracles is a powerful cross-chain oracle that helps businesses bridge real-world data to both public and private chains, enabling interoperable smart contracts to automate, simplify and secure the future of financial markets.

SupraOracles strives to bridge the gap between traditional capital markets and the web 3.0 ecosystem. SupraOracles’ vision – to empower the developer community with a novel oracle toolset so that they may conveniently create, deploy and manage data applications with superb performance, robustness and agility.‍‍

For more information, visit here.

Contact

Gabriella Baer

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

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