Panther Protocol has raised $8 million Panther Protocol has | DeFi Check

Panther Protocol has raised $8 million

Panther Protocol has raised more than $8 million from more than 140 investors to develop a privacy-focused DeFi solution. The protocol will allow users to issue 1:1 secured synthetic assets that preserve privacy. Using zk-SNARK, such assets hide all information about trading them online.

Investments have come from more than 140 participants, including Alphabit Fund, Arcanum Capital, Black Dragon, DeepVentures, Defiants, Ellipti, Moonwhale, Protocol Ventures, Kosmos VC, Rarestone Capital and Titans Ventures.

These funds will be used to develop a protocol that is compatible with a number of DeFi applications.