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Razor Network Partners with Layer-2 Decentralized Exchange Injective Protocol to provide secure and reliable real-world price feeds for the Injective DEX

Razor Network in Partnership with Injective Protocol
Razor Network partners with Injective Protocol

Razor Network Partners with Layer-2 Decentralized Exchange Injective Protocol to provide secure and reliable real-world price feeds for the Injective DEX

Injective Protocol is a fully decentralized, robust, and parameterizable Layer-2 DeFi protocol that supports a diverse array of derivatives, including CFDs, perpetual swaps, and more. The Injective DEX provides an order of magnitude speed-up compared to its counterparts by scaling trade execution and settlement on Layer-2 while being fully decentralized.

With the Layer-2 architecture, Injective avoids both network congestion and the associated transaction fees that are commonly seen in decentralized exchanges today, allowing users to trade seamlessly without having to worry about high gas fees or network latencies. Users can also permissionlessly create and trade derivative markets that even centralized exchanges cannot support.

Any DEX requires various real-world data price feeds for the available crypto assets, so that users can trade them at the most recent and updated prices. If the prices are not correct, then both the reputation and the usability of the DEX can come under threat.

Injective is working with a number of oracle solutions in the space such as Chainlink and Band Protocol. The partnership between Razor Network and Injective Protocol will enable the Injective DEX to access more assets in a secure and reliable manner given Razor’s innovative oracle solution.

Razor’s completely decentralized Oracle solution rectifies a number of issues in the oracle space today. It avoids potential problems such as single points of failure, server downtime, data hacks, and the problems that might arise out of human dependence or intervention. Moreover, Razor offers maximum game-theoretical security, making sure that the data transmitted to the blockchain from the real-world is both trustworthy and secure.

This integration will increase the security and accuracy of the crypto markets listed on the Injective DEX, and also enhance the user experience for traders. In a world where an increasing number of exchanges (both CEXs and DEXs) are fighting for the attention and patronage of traders, the enhanced features should help the Injective DEX attract more users.

Furthermore, this partnership will also enable RAZOR tokens to be bridged onto the Injective DEX. Not only will Razor users and community members be able to enjoy the increased liquidity of RAZOR tokens, but it will also introduce Injective’s vast community of crypto enthusiasts and traders to Razor Network’s work and vision. Injective also plans to create new derivative products using the RAZOR token so our community will now have access to new indices and sophisticated financial products that are exclusively available through Injective.

Speaking about the partnership, Hrishikesh Huilgolkar, CEO of Razor Oracle Network, said, “The crypto trading space is heating up, with a host of decentralized exchanges offering innovative features joining the playing field. Injective offers the technical advantages of Layer-2, and is poised to be one of the leading players in this sector. We hope that the use of Razor’s crypto price feeds will further help the Injective team achieve their goals.”

“Our goal at Injective is to create an unparalleled oracle ecosystem through which users can access limitless DeFi markets. Razor will be a great addition to this network as we look to further our goal moving forward,” said Eric Chen, Injective CEO.

About Injective Protocol

Injective Protocol is the first layer-2 decentralized exchange protocol that unlocks the full potential of decentralized derivatives and borderless DeFi. Injective Protocol enables fully decentralized trading without any restrictions, allowing individuals to trade on any derivative market of their choosing. Injective Protocol is backed by a prominent group of stakeholders including Pantera Capital, one of the most renowned venture capital firms in the world, and the leading cryptocurrency exchange, Binance.

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