Xend Finance Partners With Raze Network To Offer More Multi Levels Of Interest And Expand User Privacy
Xend Finance is pleased to announce its partnership with Raze Network, a substrate-based cross-chain privacy protocol for the Polkadot ecosystem. It is building a cross-chain privacy middleware for DeFi and Web 3.0.
Through this collaboration with Xend Finance, Raze Network will expand anonymous payments and safe investing methods with high APYs. On the other hand, Raze Network will improve privacy-preserving functionality for Xend Finance users. So if a user does not want people to know their address during a transaction, Xend Finance will be able to guard the user’s privacy.
Privacy Protection for Decentralized Credit Unions
Xend Finance helps users save and earn compound interest, while allowing users to stake funds on DeFi Networks. Their savings are then converted to stable currencies and staked on Staking/Lending platforms like Compound, Aave, and Maker. This way users will be able to earn compound interest with high APYs.
The objective of Raze Network is to enable cross-chain privacy-preserving payment and trading systems while protecting the transparency of users’ assets and behaviors from surveillance.
The partnership will be mutually beneficial to both projects as the privacy preservation features offered by Raze Network will be highly sought after by users of the Xend Finance platform. Concurrently, Xend Finance provides a number of strategic savings solutions that can be used by Raze Network. They will integrate different ways Xend Finance allows users to generate high-interest savings rates, access to loans with flexible repayment and terms, membership management, and assets and investments protection.
“We’ve always ensured that Xend Finance offers the best layers of security. Partnering with Raze Network will fortify it further. Their privacy protection protocol will go a long way in ensuring users’ assets and investment methods are protected, along from enabling anonymous payments. Raze Network on the other hand can make full use of the various high-yield investment methods offered by Xend Finance. We believe this partnership is just the start of a beautiful journey as the two projects try to synergize their efforts towards making DeFi safe and accessible for all.” said Ugochukwu Aronu, CEO, Xend Finance
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 and Web3.0 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.
About Xend Finance
Xend Finance provides the tools and platform for a decentralized financial credit union, regardless of geographic location and the home country currency. Members can earn multiple levels of interest on their savings by seamlessly swapping their crypto or fiat currency to stable cryptocurrencies and staking — the process of locking up crypto assets to earn yields — on lending platforms so members can earn compound interest on their money. The Xend Finance platform is the first decentralized finance (DeFi) credit union.
The team is made up of experienced professionals with backgrounds in mathematics, finance, cryptography, and blockchain development, working for some of Africa’s largest employers, including KPMG, Chevron, and Stanbic Bank. Xend Finance is headquartered in Enugu, Nigeria.
Follow Xend Finance through official channels
