Raze Network recently announced that the venture would be entering a partnership with Reef Finance. With this, RAZE Network Ecosystem will get another esteemed addition to enhance its proceedings.
Reef Finance quickly climbed the ladders of popularity within the Polkadot ecosystem. Currently, Reef is developing a layer one blockchain network with EVM compatibility. The network will offer perks like minimizing wasteful mining, minimal gas fees, speed, and scalability.
With the partnership, Reef Finance’s DeFi apps ecosystem will add Raze’s public key homomorphic encryption. It will allow the Raze network to secure its protocol interactions and transactions. The network can now use the novel one-out-of-many-proofs mechanism to ensure payment consistency. Moreover, Raz’s privacy-ensuring modules will help Reef Finance users access new DeFi alternatives.
Reef Chain is the latest development for the Reef network, a decentralized finance blockchain integrating the Substrate Infrastructure. The network is known to help users find the best investment prospects within the DeFi sector. It also eliminates the barriers hindering the entry of new users into the industry. The platform offers a smart liquidity aggregator that locates the best liquidity options from decentralized and centralized protocols. It reduces the hassle, cost, and time for investors when they are interacting with multiple platforms.
Justin Kellerson (Raze Network’s Project Lead) stated that Raze Network is delighted to help Reef Finance users experience its esteemed privacy-ensuring solution. Raze believes that helping Web 3.0 and DeFi users to equip an added layer of anonymity and security is crucial for the industry’s future.
Both Reef Finance and Raze Network are establishing new collaborations to enhance their procedures. Given the success Reef Finance has experienced in recent months, the Raze Network will undoubtedly benefit from the development. The Raze community welcomes the integration as it will help them find the best prospects across the entire DeFi sector.