Raze Network Partners With DefiCliq
We are excited to bring another name to the growing Raze Network Ecosystem.
DefiCliq offers a wide range of solutions for different DeFi platforms that range from staking, yield farming, decentralized governance and cross-chain interoperability. They are also the first DAO to provide both collateralized and uncollateralized loans in p2p and traditional ways. We believe that by partnering up with this team, we will have a greater chance of providing our unique privacy-preserving and anonymization services to a broader community.
DefiCliq aims to become a single unified interface for DeFi features on Polkadot, and we, at Raze Network, are ready to tap into these innovative communities who are concerned and enthusiastic about privacy.
Raze uses public-key homomorphic encryption to ensure that transaction and data details remain confidential. We use the “one-out-of-many” proof to hide the sender and receivers identities and other zero-knowledge proof schemes to guarantee the payment consistency. At the current time, whenever a user deposits a certain amount of tokens by invoking the mint module on Raze, those tokens are no longer traceable for interactions between Raze accounts.
This partnership will bring the DefiCliq and Raze communities together, growing the DeFi landscape. This will also create a more extensive coverage for $RAZE and allow our community to stake and farm $RAZE anywhere.
DefiCliq is the first company to provide both collateralized and uncollateralized loans in both p2p and traditional ways, with more features like DAO (off-chain governance), staking, interoperability at one place on Polkadot.
About Raze Network
Raze Network is a substrate-based, cross-chain privacy protocol built for the growing DeFi and Web 3.0 ecosystem. Applying zkSNARKS to the Zether framework, Raze is an EVM-compatible layer-2 middleware that will enable end-to-end anonymity for decentralized applications running on Ethereum, Polkadot, and Binance Smart Chain, with more layer-1 chain integrations roadmapped in the near future.
Our mission is to enable cross-chain, privacy-preserving transactions and activity for end users, shielding asset movements from surveillance while guaranteeing composability and faster settlement.