Conflux Network
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Conflux Network

DeFiner.org Integrates with Next Generation Blockchain Protocol Conflux Network

DeFiner.org’s peer-to-peer network for decentralized financial services will benefit from increased speed, scalability, and security through Conflux collaboration.

DeFiner.org, the true peer-to-peer network for digital savings, loans, and payments, has announced the integration of its decentralized finance (DeFi) network with Conflux Network, the next generation blockchain protocol ensuring scalability, security, and extensibility.

DeFiner.org and Conflux Network will work toward the goal of supporting the development of DeFi on a global scale, driving the adoption of each network and improving peer-to-peer lending activities. Conflux’s innovative “Tree-Graph” consensus mechanism allows for increased scalability, alongside significantly lower transaction fees, offering improved efficiency and affordability to participants in the DeFiner.org network.

As the concept of decentralized finance (DeFi) gains traction in this market, particularly amid the present economic challenges and the undeniable need for alternative sources of capital, we are proud to be driving forward and partnering with Conflux to bring our cross-chain DeFi offerings to life. The integration of DeFiner’s unique cross-chain DeFi solution with the Conflux Network will propel our DeFi offerings in a way that is fast and scalable. With our partnership of Conflux, the interoperability of our network gives users maximum flexibility when creating collateralized loans.

— Jason Wu, CEO and Co-founder of DeFiner

With its team of world-class academics and network of global research collaborators, Conflux’s offerings span beyond its high-performance blockchain. In addition to its technology breakthroughs, Conflux Network is devoted to fostering entrepreneurship and cutting edge innovation at its Research Institute, incubating startups and projects that are advancing the industry with new applications, and developing real-world use cases on top of the Conflux infrastructure. In creating this ecosystem, Conflux’s partners benefit from a global, decentralized marketplace offering resources and collaboration opportunities.

Together with DeFiner, we are working to drive the future of decentralized finance. This partnership is the latest in a string of efforts by Conflux to foster cross-border collaboration, and improve security and speed across a number of industries and relevant business challenges, from finance, to government, to higher education. Our overall mission is to improve economic outcomes for relevant enterprises through blockchain technology.” — Eden Dhaliwal, Global Managing Director of Conflux Network

Following the integration of the DeFiner.org network with the Conflux protocol, participants in the network will gain access to increased liquidity and currency options, including leading stablecoins in the crypto market. The collaboration will enable ramp up and ramp down options on the Definer.org network between cryptocurrencies and US Dollar (USD), and will also provide access to initial bootstrap lending capital on Conflux.

About Conflux Network

The most endorsed DLT project in China, Conflux Network is an open-source, layer-1 blockchain protocol delivering heightened scalability, security, and extensibility for the next generation of open commerce, decentralized applications, financial enterprises, and Web 3.0. Conflux Network is overseen by a global team of world-class engineers and innovative computer scientists. Fostering entrepreneurship and innovation, Conflux unites startups and enterprises across industries and continents to promote decentralized collaboration in advancing blockchain technologies for real-world solutions. Founded in 2018, Conflux has raised $35 million in capital from prominent investors including Sequoia China, Metastable, Baidu Ventures, F2Pool, Huobi and IMO Ventures.

About DeFiner

DeFiner is a true peer-to-peer network for digital savings, loans, and payments. Powered by blockchain technology, DeFiner’s decentralized financial (DeFi) platform enables users to effortlessly lend, borrow, and earn digital assets within a global network. DeFiner removes the friction and costs associated with conventional financial services and instead offers maximum flexibility to set one’s own rates and terms. DeFiner also removes the need for third parties from its financial ecosystem, by using an immutable blockchain to track all loans and transactions, providing ultimate security for users. By providing 24/7 global accessibility with significantly lower costs than traditional finance, DeFiner allows those embracing the new, digital economy to unlock instant value from their assets.

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