Raze Network & DAFI Partnership Announcement
To all Razers,
We are very thrilled to announce that Raze Network has reached a strategic partnership with DAFI who utilizes synthetics pegged to different decentralized networks.
Our partner can enable every blockchain, application, and cryptocurrency to create a flavor of a dToken to reward their early users, while still enhancing scarcity when demand is low.
What is interesting is that the underlying logic of both projects is very similar. With Raze Network, users are to mint private tokens from base tokens on the contract at a minting value ratio of 1:1 to protect its online and on-chain history. While DAFI is to create dTokens to reward communities and maintain scarcity.
We believe this collaboration is very conducive to our project development since Raze Network will explore synthetics pegged to the value of the underlying native token. And these synthetics could be used for its rewards program, bounties, and other ecosystem requirements.
And approaching the final stage of RAZE launch, the importance of securing this partnership is more evident. We look forward to taking advantage of DAFI’s smart design to create a RAZE synthetic in a reduced quantity, but as demand rises, the synthetics (dToken) increase in quantity.
In exchange, Raze team would love to offer an additional protection layer to DAFI users and dToken holders and provide a private environment to their community!
This partnership will enable cross-chain privacy-preserving payment and trading systems on DAFI while protecting the transparency of their assets and behaviors from surveillance.
Justin Kellison, Project Lead of Raze —
“The Dafi protocol maintains a network without issuing large quantities of tokens and allows involved users to get staking rewards by making it demand-based, without any harm to the economy of our platform. We’re glad to partner with Dafi to provide our users with beneficial staked assets for the long-term adoption of our network.”
Zain Rana, Founder of DAFI —
“Raze is an exciting platform, and its cross-chain options and anonymity are very interesting in its application. The privacy Raze creates is needed within the entire DeFi eco-system. The use of synthetic dRaze tokens will be extremely useful for their users by controlling hyperinflation and stimulating longer-term adoption. We believe that through this cooperation we will work to benefit both of our networks.”
DAFI uses synthetics pegged to different decentralized networks. Every blockchain, application, and cryptocurrency can create a flavor of a dToken to reward their early users, while still enhancing scarcity when demand is low. DAFI can reward a network even when demand declines, by issuing synthetics that will reward user’s later — instead of earlier.
About Raze Network
Raze Network is a Substrate-based cross-chain privacy protocol for the Polkadot ecosystem. It is built as a native privacy layer that can provide end-to-end anonymity for the entire DeFi stack. The Raze Network applies zkSNARKs to the Zether framework to build a second-layer decentralized anonymous module. It will then be imported as a substrate-based smart contract. The objective of Raze Network is to enable cross-chain privacy-preserving payment and trading systems while protecting the transparency of your assets and behaviors from surveillance.