Panther and BUMPER Protocol announce partnership to provide seamless DeFi user experience PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Panther and BUMPER Protocol announce partnership to provide seamless DeFi user experience

Panther and BUMPER Protocol announce partnership to provide seamless DeFi user experience PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Midtown, Gibraltar, 6th October, 2021,

Panther Protocol, who is developing scalable infrastructure for DeFi and Web3, and Bumper, an innovative DeFi protocol that aims to protect users and traders against market crashes, are entering into a partnership agreement that aims to benefit retail and institutional users alike.

Privacy and self sovereignty are at the heart of Panther’s value proposition. Together with Bumper, our shared vision is one where individuals not only benefit from the ability of distributed technologies to provide fairer digital transaction systems, but may do so with the ultimate confidence that their privacy is maintained.The combination of decentralisation and full control over privacy is the pinnacle of digital empowerment.

Most can agree that a key ingredient of individual liberty is open financial access, and through this, many ultimately seek complete financial freedom. In the quest for that achievement, decentralized finance trailblazers learn to accept, or at least tolerate, higher risk. In the absence of luck, high rewards can only be accessed with high risks. While some fortunate participants  find a golden path and consistently grow their net worth, many end up over-exposed and over-extended, and return their newly accumulated wealth back to the market. 

The truth is, consistent risk management is critical for long term success, just like transactional privacy is essential for staying safe and free in the DeFi jungle.

Together, Panther and Bumper aim to provide DeFi users with a seamless, safe, and private DeFi user experience. Panther will provide Bumper users with a “private-by-default” experience while also enabling them to selectively disclose transactional data with counterparties and institutions whenever they wish. Panther will also create workflows that allow institutions and fintechs (and their users) to enter DeFi and enjoy the Bumper Protocol’s volatility protection systems, all the while staying compliant with world class KYC and AML standards.

Oliver Gale, CEO at Panther Protocol said about the partnership: ““Bumper provides downside protection to crypto assets, Panther provides privacy – this partnership simply makes sense from a composable DeFi world view. We are excited to enhance and prepare Bumper for institutional capital seeking price protection and confidentiality.”

The teams are hard at work in design thinking sessions, and the possibilities seem endless. Potential use cases include providing Panther’s privacy miners with market crash protection. This allows them to reap the rewards for providing their assets to Panther shielded pools, while increasing Panther’s anonymity set. More rewards and less risk is always a good thing in DeFi.

Bumper COO, Gareth Ward, remarked, “We see Panther as a key building block for the future of crypto, a game changer in bringing privacy and compliance together, much in the same way Bumper will change the way people manage risk in the future.”

Panther’s mission is to accelerate the development of the DeFi and Web3 ecosystems, providing dApp builders and end users with privacy and risk reduction features that can open the floodgates for mainstream adoption of decentralized applications.

Follow Bumper and Panther on social media to be the first to hear of these announcements. 

About Bumper 

The Bumper protocol is a pure, decentralised market for on-chain asset price volatility. Users of protection set a floor price, and if the market crashes, their asset will never fall below that price. Importantly, if the market pumps, their asset rises too.

Protected positions incur an incremental, floating premium based on asset price movements. This in turn is used to incentivise the complementary side of the market wherein depositors may supply stablecoin into a liquidity reserve and earn a yield.

Want to learn more about Bumper?

Check out the website.

Stay connected: Telegram | Twitter | Medium | LinkedIn | Discord

About Panther

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. 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.

Want to learn more about Panther?

Check out the website.

Stay connected: Telegram | Twitter | Medium | LinkedIn | Website |

Contacts
Panther and BUMPER Protocol announce partnership to provide seamless DeFi user experience PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Source: https://www.crypto-news.net/panther-and-bumper-protocol-announce-partnership-to-provide-seamless-defi-user-experience/

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