Razor Network Community Update — May 2023
TL;DR, In May, Razor Network enhanced RazorScan with integrated browser notifications, allowing alerts for active locks and withdrawal initiations. Razor was also spotlighted in REX Wire’s SKALE ecosystem series. As of June 7th, more than 290 million RAZORs were staked, which constitutes 47% of the total circulating supply.
Hello Razor Network Community!
As we wrap up May, we are excited to share with you the latest updates about our progress, key developments, and important announcements.
Technical Updates
RazorScan
We are pleased to announce that we’ve integrated browser notifications into RazorScan. This user-centric upgrade will ensure that you never miss critical updates. Now, you can enable browser notifications to alert you about your active locks and when to initiate a withdrawal. We’ve started with this feature for Initiate Withdraw since missing this window of 150 epochs could require a staker to Reset Lock and incur penalties on the amount they unstaked.
Features
REX Wire, a reputable crypto news and education platform centered on the SKALE ecosystem, recently featured Razor Network in its spotlight series. This piece provides valuable insights into Razor Network’s usage.
General Updates
As of May 12th, over 287,459,767 RAZORs had been staked on the Razor Network oracle by our committed stakers and delegators, which accounts for 46% of the total circulating supply.
Here are the current statistics at the time of writing this update:
- Total circulating supply: 614,029,544 RAZORs
- Total staked/delegated supply: 291,551,770 RAZORs
- Percentage of total circulating supply staked/delegated on the Razor Network: 47%
- Total supply: 1,000,000,000 RAZORs
We’re incredibly grateful for your continued support and are excited about what’s coming next. Stay tuned for further updates and improvements from the Razor Network team!
About Razor Network
Razor Network is a blockchain-agnostic, truly decentralized oracle platform designed to meet the diverse requirements of Decentralized Finance. At Razor Network, we are creating the next-generation oracle system focusing on maximum game-theoretical security and fully permissionless complete decentralization. Razor price feeds are currently live on the SKALE blockchain and are free to use in your dApps; get in touch with us to use Razor’s price feeds.
