We’re extremely excited to announce another huge addition to the RAZE Network Partner Ecosystem: Reef Finance.
Reef Finance has quickly built up a reputation as a leader in the growing Polkadot DeFi ecosystem. Reef is building an EVM-compatible, layer-1 blockchain that is fast, scalable, offers low gas fees, and minimizes wasteful mining. Reef Chain is Substrate-based and offers on-chain governance.
Through this partnership, Raze Network will implement its public-key homomorphic encryption to Reef Finance’s dApp ecosystem, ensuring protocol interactions remain confidential. Using the novel “one-out-of-many” proof to hide sender and receiver identities and zero-knowledge proof schemes to guarantee payment consistency, Raze Network’s privacy-preserving modules will empower users of Reef Finance’s suite of DeFi options.
Reef Finance is building Reef Chain, a DeFi blockchain built using the Substrate Framework. Reef Finance gives users access to the most efficient investment opportunities available in the DeFi landscape, while simultaneously lowering barriers to entry. Reef’s smart liquidity aggregator searches for the best liquidity from both centralized exchanges and decentralized protocols, which saves investors the hassle, time, and cost involved while interacting through multiple apps.
“We are absolutely honoured to offer our privacy-preserving solution to Reef Finance users in the future. We believe that providing DeFi and Web 3.0 users with an additional layer of security and anonymity is fundamental to the future of the space”.
Justin Kellerson (Project Lead @ Raze Network)
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.