Raze Network has secured a strategic partnership with Dot Finance. It is positioned as a comprehensive platform for all-things DeFi in the Polkadot ecosystem.
To be more specific. Dot Finance is designed to incentivize the growth of the Polkadot ecosystem. By providing access to a variety of battle-tested high-performing financial instruments, Dot Finance is to bring DeFi to a wide range of users and will help increase user exposure to the many benefits of the Polkadot ecosystem.
We at Raze Network, believe Dot Finance will help the adoption of not just the Polkadot framework but the many new DeFi products and services that Dot Finance is building on top of Polkadot’s safe, secure, and resilient architecture.
Dot Finance currently is focused on growing the Polkadot ecosystem and supporting DOT ecosystem tokens that are currently operating on BSC, which is something that rivets our attention because Raze Network is also a substrate-based cross-chain Privacy Protocol for the Polkadot Ecosystem. Both teams are working within the same technical environment and probably towards the same goal — making decentralized finance better.
The underlying logic of Raze Network is to mint private tokens from base tokens at a minting value ratio of 1:1. The logic is based on three steps: minting, redeeming, and transferring. The mint function will convert any token into an anonymized version of itself. The redeem function will convert the anonymized token back into its native form. The transfer function is the one that enables the anonymous transfer of the token. It will conceal and protect both the anonymity of both sender and receiver and the amount being sent.
As a result of this partnership, Dot Finance can utilize our solution to offer an additional protection layer to their users and anonymize any assets, data, or information they deem worthy of protection to avoid being exploited.
And Raze Network is very glad to see our services tested by another project and a regiment of DeFi lovers.
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.