Reef Finance integrates Raze Network into Polkadot for private DeFi transactions »CryptoNinjas
Reef Finance, the builder of Reef Chain, a DeFi blockchain built using the Substrate framework, today announced the latest strategic integration with RAZE Network, a cross-chain privacy protocol based on Substrate for decentralized finance (DeFi) and Web 3.0.
Through this integration, Raze Network will implement its public key homomorphic encryption in Reef Finance’s dApp ecosystem; allowing Reef users to choose to keep it secret.
Currently in the canary version of the mainnet, the official Reef chain The mainnet will be launched in the near future. Reef Chain is a customized blockchain that allows developers to build dApps or deploy existing projects from Ethereum.
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The goal of Raze Network is to realize a payment and transaction system with cross-chain privacy protection; at the same time, it protects the transparency of user assets and behavior from surveillance.
Raiser Network is Build the solution End-to-end anonymity for the entire EVM-compatible DeFi and Web 3.0 stack; apply zkSNARKs to the Zether framework to build a layer 2 anonymous module.
Use the novel “one-to-many” proof to hide the identities of the sender and receiver, and use the zK proof scheme to ensure payment consistency; Raze Network will provide all Reef DeFi users with private on-chain transactions; and already in Reef Dozens of DeFi protocols built on Chain.
“We are very honored to be able to provide Reef with our privacy protection services in the future. We believe that providing DeFi and Web 3.0 users with an additional layer of security and anonymity is the foundation for the future of this field.”
Justin Kellerson, Project Leader of Raze Network