RAI Finance Reached A Strategic Partnership With Decentralized Identity Project Litentry
RAI Finance and Litentry announced that they had reached a partnership to provide a better user experience for Polkadot-based cross-chain transaction products.
Litentry is a decentralized identity aggregator based on Substrate, which provides Web3.0 aggregate identity services through the cross-chain aggregation of identity data. Through this cooperation, RAI Finance will integrate Litentry DID in the future to provide technical support for RAI Finance’s user management, account association, and precision services. RAI Finance will also access Litentry DID in social trading’s functional section to participate in social networking. The trading section function provides user reputation level, cross-chain trading platform aggregated data, social platform reputation, and other information to create a more accurate and true social trading environment.
Litentry will also integrate the cross-chain identity data of RAI Finance SWAP, DEX, and social trading. In the future, RAI Finance will work with Litentry to conduct continuous research on DID solutions and optimize user experience in cross-chain transactions.
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.
Litentry is a cross-chain identity aggregation protocol that features a Substrate-built network, mobile app and identity-related tools. The protocol enables identity linking across different networks and facilitates decentralization and transparency in identity credit computation. Litentry provides a secure vehicle through which users manage their identities and dApps obtain real-time credit/reputation of an identity owner across different blockchains.