Current: Advanced Staking (Panther v0.5)
IMPORTANT: Right now, the only way to access Panther's v0.5 is through the Launch App button on Panther's website. In time, an ENS domain will be set up for this product and routed through Panther's domain.
Advanced Staking (previously referred to as Experimental Staking) is an intermediate step towards Panther’s v1, both on Polygon and the Ethereum Mainnet. Through it, users can earn rewards and help Panther test the features that will, in due time, enable privacy through Multi-Asset Shielded Pools (MASPs). Because of its importance for the protocol’s development, is considered Panther’s version 0.5.
Advanced Staking will be launched on December 8th by the Panther DAO, according to Panther Improvement Proposal #10. It will debut a MASP –or “Panther Pool”– in which users can shield assets but not conduct private transactions yet.
Panther’s v0.5 is a progressive step towards the development of the core technologies surrounding the Multi-Asset Shielded Pool, in particular, the way UTXOs are created, managed, and tracked. Advanced Staking acts as a step to deploy and test the above capabilities by issuing staking rewards as $zZKP directly within the MASP.
v0.5 also introduces Panther Reward Points. PRPs are non-transferable points associated with a user's private wallet address. The mechanisms for calculating and generating PRPs will also be used on MASPs in the protocol's v1. When the protocol's v1 is live, users that deposit assets (contributing to MASPs' privacy set), will receive PRPs to be redeemed for $zZKP through a one-sided Automated Market Maker.
There are two types of PRP rewards:
- 1.Expected PRP Rewards: The first 2000 stakers will be rewarded with 2000 PRPs per stake, as decided by the community through PIP-9. These rewards will not continue growing or change (i.e., they are “flat”). Users will be able to see them on the Balance Card on the Staking page. This type of PRPs will be awarded automatically and is not forfeitable. Users that qualify for this kind of rewards will receive a “stake-proof” NFT allowing them to access their Expected PRP Rewards once v1 is launched.
- 2.Total Unrealized Privacy Rewards: These will be calculated and accrued based on the Privacy rewards APR, which will be decided by the community through a Panther Improvement Proposal. This APR will be set through a PIP before v1 is launched. This kind of PRPs will only be awarded when v1 launches and only if a user has kept their $zZKP rewards in the pool until v1. If $zZKP rewards are redeemed via early redemption mechanics, the user will lose all of his accrued PRPs of this kind.
All PRPs will be available to exchange for $zZKP via the single-sided AMM at the time of v1’s launch.
Last modified 3mo ago