Reef Finance, the builders of Reef Chain, a DeFi blockchain constructed utilizing Substrate Framework, immediately introduced its latest strategic integration with RAZE Community, a Substrate-based cross-chain privateness protocol for decentralized finance (DeFi) and Internet 3.0.
By means of this integration, Raze Community will implement its public-key homomorphic encryption to Reef Finance’s dApp ecosystem; permitting Reef’s customers to stay confidential in the event that they so select.
Within the canary model of the mainnet in the mean time, the official Reef Chain mainnet is because of launch within the close to future. Reef Chain is a personalized blockchain that permits builders to construct dApps or deploy current initiatives from Ethereum.
Reef + Raze
The target of Raze Community is to allow cross-chain privacy-preserving cost and buying and selling methods; whereas defending the transparency of person belongings and behaviors from surveillance.
Raze Community is constructing an answer for end-to-end anonymity for the complete EVM-compatible DeFi and Internet 3.0 stack; making use of zkSNARKs to the Zether framework to construct a layer-2 nameless module.
Utilizing the novel “one-out-of-many” proof to cover sender and receiver identities and zK proof schemes to ensure cost consistency; Raze Community will energy non-public, on-chain transactions for all of Reef’s DeFi customers; and throughout the handfuls of DeFi protocols already constructing on Reef Chain.
“We’re completely honored to supply our privacy-preserving companies to Reef sooner or later. We consider that offering DeFi & Internet 3.0 customers with an extra layer of safety and anonymity is key to the way forward for the house.”
Justin Kellerson, Mission Lead at Raze Community