Panther - Private Layer 2 Protocol

Panther Protocol team's relevant experience consists of design/review of 6 Layer-1 protocols and 12 dApps, 29+ years between co-founders, worked on over 40+ protocols, raised +$1BN USD at BlackRock, and Fabric Ventures (Web3 focused venture capital firm backed by the European Investment Fund and privacy-first Web3 founders) and early ConsenSys alumni.

PLAN IN DETAIL

Big Idea: Bring DeFi to Cardano.

Product: Wallet integration and interchain DEX.

Business Model: Incentivized privacy, with a novel pricing mechanism for privacy.

Traction: Discussions with top-tier Layer 1 protocols and multi-national institutions and successful private sale raises totaling $8mm USD--last round at $0.20.

Market: Cardano is the third largest protocol, bridging the Layer 1s to DeFi allows for double digit multiples of TVL.

Phases:

Phase I (4 months) - Research: Define scope, level of effort to build the MVP on Cardano

Phase II (month 7) - Tooling: Integrate with Panther MVP

Phase III (to follow phase II) - Build the privacy solution for Cardano users - interchain DEX

Competition: Panther Protocol's unique selling proposition (USP) is that there is no other protocol that provides (1) privacy, (2) anti-money laundering (AML), and (3) know your customer (KYC) / compliance. Competitors (Tornado Cash, Aztec, Monero and Anoma) have a high barrier to entry to redesign their protocols and have not considered this in their positioning in the market. In essence, Panther gives users the ability to disclose their financial transactions to systems and institutions that require trust (AML and KYC / compliance), yet retain privacy.

Growth: By combining Cardano's technical, engineering, and marketing prowess and jointly building the interchain privacy DEX, Panther will lean on its close ties to Tier 1 financial institutions to facilitate on ramping to DeFi through Cardano.