Razor Network
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Razor Network

Razor Network partners with Knit Finance to provide integration and usability on multiple blockchains as a wrapped asset (K-RAZOR)

Razor Network is excited to join forces with Knit Finance to provide interoperability in our Oracle solutions and data feeds. Knit Finance cross-chain wrapped assets and bridge solutions will allow Razor to provide Oracle solutions across multiple blockchains, like Binance Smart Chain (BSC), Polkadot, Matic, Elrond, and more.

Knit Finance is a decentralized protocol for creating cross-chain wrappers for crypto and real-world assets. Through the protocol, users can deposit into insured custody and mint K-Assets. Ultimately, Knit’s unique solution would help achieve interoperability between various chains and promote cross-chain fluidity of assets.

Razor Network is blockchain agnostic and truly decentralized, making the process of procuring off-chain data economical, reliable, and free from game theoretical attacks. Based on the PoS consensus mechanism, Razor punishes misbehaving nodes through strict Slashing penalties, ensuring the fidelity of the data transmitted to the blockchain through Razor’s oracle nodes.

Knit will integrate Razor’s native token RAZOR on its multichain platform to issue wrapped K-RAZOR tokens through this partnership. This would allow RAZOR tokens to be transacted across multiple blockchains in a wrapped token state.

In addition to this, Knit Finance will integrate Razor Network’s (RAZOR) token on its multichain platform. This move will enable users to transact RAZOR tokens across multiple blockchains in a wrapped K-RAZOR using Knit’s cross-chain bridge.

“We are glad to see innovation in the DeFi space. Time is moving fast as we speak and the developments in the DeFi space are even faster. Our collaboration with Knit Finance will enable the tokenization of $RAZOR to various other blockchains. It will also help in adopting Razor Network as an Oracle solution across the blockchain industry with the help of Knit Finance’s ecosystem.” said Hrishikesh Huilgolkar, CEO of Razor Oracle Network.

“KnitFinance allows DeFi investors to access a broad range of DeFi platforms and services by providing them the freedom to migrate assets from other chains to Ethereum. Now, Razor Network will leverage Knit’s technology to open the doorway to their Oracle network to developers BUILDing on a range of blockchain networks.” said Sainath Gupta, KNIT Finance CEO.

About KNIT Finance

KNIT Finance is a unique decentralized protocol that combines wrapped assets across multiple chains, bridges, and real-world markets with yield, lend, trade, and margin services through smart contracts. This also gives cross-chain liquidity aggregation in a completely transparent and 100% verifiable. KNIT Finance is a community-led initiative.

Knit Finance Social Media

Telegram: https://t.me/KnitFinance

Twitter: https://twitter.com/knitfinance

About Razor Network

Razor Network is a decentralized Oracle network, which provides secure and reliable real-world data feeds for various blockchain-based applications and services, such as Decentralized Finance, Identity, Insurance, Prediction Markets, and so on. Razor’s performance is superior and more secure than traditional centralized oracle services, as Razor relies on a network of Validators for verifying data authenticity and ensures maximum game-theoretical security. Moreover, Razor is blockchain agnostic and can be easily integrated by developers working on a range of blockchain networks.

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