Reef Finance is happy to add Raze Network for private DeFi transactions
Reef Finance is very happy to announce a strategic integration with RAZE Network, a Substrate-based, cross-chain privacy protocol for decentralized finance (DeFi) and Web3.
Raze Network is building a novel solution that can provide end-to-end anonymity for the entire EVM-compatible DeFi and Web3.0 stack, applying zkSNARKs to the Zether framework to build a second-layer decentralized anonymous module. The objective of Raze Network is to enable cross-chain privacy-preserving payment and trading systems while protecting the transparency of user assets and behaviors from surveillance.
Through this integration in the coming months, Raze Network will implement its public-key homomorphic encryption to Reef Finance’s dApp ecosystem, allowing our ecosystem DeFi users to remain confidential if they so choose. Using the novel “one-out-of-many” proof to hide sender and receiver identities and zK proof schemes to guarantee payment consistency, Raze Network will power private, on-chain transactions for all of Reef’s DeFi users, across the dozens of DeFi protocols already building on Reef Chain. We believe giving our Reef Chain users the choice to take back their fundamental right to privacy is an important step towards a truly decentralized future.
Reef Finance has developed a fast, scalable, and EVM-compatible chain for DeFi applications, Reef Chain. Reef Chain is currently in the canary version of the mainnet and the official mainnet is due to launch in the near future. Reef Chain is a customized blockchain that allows developers to build dApps or deploy existing projects from Ethereum.
“We are absolutely honored to offer our privacy-preserving services to Reef Finance users in the future. We believe that providing DeFi and Web 3.0 users with an additional layer of security and anonymity is fundamental to the future of the space”.
Justin Kellerson (Project Lead @ Raze Network)
About Raze Network
Raze Network is a Substrate-based cross-chain privacy protocol for the Polkadot ecosystem. It is built as a native privacy layer that can provide end-to-end anonymity for the entire DeFi stack. The Raze Network applies zkSNARKs to the Zether framework to build a second-layer decentralized anonymous module. It will then be imported as a substrate-based smart contract. The objective of Raze Network is to enable cross-chain privacy-preserving payment and trading systems while protecting the transparency of your assets and behaviors from surveillance.
About Reef Finance
Reef Finance is building Reef Chain, a DeFi blockchain built using Substrate Framework. Reef Chain provides high scalability, enabling almost instant low-cost transactions, and supports Solidity and EVM, allowing developers to seamlessly migrate their DApps from Ethereum without any change in the codebase. Our vision is to make DeFi easy for everyone to invest in and build DeFi applications on top of Reef Chain.
Join us:
- Website: https://reef.finance/
- Twitter: https://twitter.com/ReefDeFi
- Telegram: https://t.me/reefdefi
- Medium: https://medium.com/@ReefDefi
