RAI Finance and The Layer 2 Network Solution Meter Reached A Partnership
Jointly expand the scope of cross-chain transaction assets
We are very excited to announce that RAI Finance and the Layer 2 network solution Meter have reached a partnership to expand the scope of cross-chain transaction assets and enhance the interoperability of cross-chain assets.
RAI Finance aims to provide solutions to the existing decentralized financial ecosystem to solve insufficient liquidity and problems of creating DeFi assets. Following compatibility with Ethereum, Polkadot and BSC (Binance Smart Chain) and access to the Avalanche public chain, the partnership with the Meter public chain has once again increased the variety and quantity of tradable assets on RAI FInance.
By connecting to the Meter and supporting the assets issued on the Meter, RAI provides users with more cross-chain asset trading portfolios, which also provides the foundation for carrying higher liquidity.
Meter is a Layer 2 solution that supports the next-generation financial system. It can be used as the Layer 2 side chain of Ethereum to interconnect with Polkadot and other chains. Through cooperation, Meter can help RAI Finance and other EVM parachains and other public chains to realize erc20 assets and intelligence Interconnection at the contract level.
In this cooperation, RAI is connected to the cross-chain bridge independently developed by Meter. In the future, contracts on Meter will be able to cross-chain Meter-Polkadot through RAI’s Polkadot parachain. The two parties plan to integrate and expand to introduce the assets on RAI into the entire DeFi ecosystem and achieve better cross-chain interoperability solutions.
Meter is a high-performance DeFi infrastructure that can be used as the infrastructure of Layer 2 to improve the scalability of other public chains, allowing smart contracts to expand and smoothly operate on heterogeneous blockchain networks.
Meter is a hybrid consensus protocol that supports the next-generation financial system. It draws on the Bitcoin issuance mechanism and associates it with the physical world through mining. At the same time, it uses a PoW, PoS hybrid consensus mechanism, and an endogenous Metastable coin MTR to achieve decentralization. The issuance and bookkeeping of reliable, credible currency and the independent monetary policy based on community governance to adjust the relationship between supply and demand to achieve stability.
About RAI Finance
RAI Finance is a decentralized finance (Defi) project based on the Polkadot blockchain. RAI Finance, combined with Polkadot’s cross-chain technology, aims to provide solutions to the existing decentralized financial ecosystem to solve insufficient liquidity and the creation of DeFi assets.