Razor Network — Details On the Week’s Achievements (3rd Week of April)
Today In the Article, we’ll be discussing major developments that the platform has achieved or relayed to the community over the last week. First off, details on the Razor network will be given.
DETAILS ON RAZOR NETWORK
Razor Network is a decentralized oracle network that connects smart contracts with real-world, off-chain data in a quick, robust and secure way. It was launched in 2019. Razor Network’s core component is a set of smart contracts that can run on any Ethereum-compatible blockchain. Currently, they plan to deploy iton a separate, decentralized, proof of stake blockchain compatible with Ethereum. Research and evaluation of any other scalability solution will be performed later. The protocol may need to be modified to secure the oracle, the scalability layer, and the bridging mechanics to make the results available to other blockchains.
DEVELOPMENTS FOR THE WEEK
RAZOR token Now On WhatSwap
On the 22nd of April, the platform was elated to announce yet another great news to their Razor Network Community. $RAZOR, their native token, is now listed on Whatswap, which is a medium Built on the Ethereum protocol, Whatswap is a lightweight decentralized trading protocol that aims to offer the community a better and more economical swap experience.
This listing offers an additional avenue for all to buy and sell $RAZOR against ETH, and other ERC20 tokens soon after.
$RAZOR was successfully included on Whatswap on 22nd April at 2 PM IST, opening a trove of new opportunities for the community. Users can now visit the Whatswap dApp to participate in $RAZOR-ETH trades with this new milestone. The listing on $RAZOR on another AMM DEX also means more liquidity pools and farming opportunities, everything leading to some extra passive income for our token holders.
RAZOR Token Farms Now on DFYN DEX(Decentralized Exchange)
On the 15th of April, the platform Announced that RAZOR token farms are now live on DFYN Decentralized exchange for RAZOR token Hodlers. Their two farms, the Ecosystem Farm and Dual Farm are back online on Polygon-based Dfyn Network (their trusted and reliable AMM DEX partner). Participants will stand a chance to earn a portion of the total rewards amounting to 1,080,000 $RAZOR and 45,000 $DFYN over 90 days. As a participant in the Ecosystem and Dual farms, they will be staking $RAZOR-$ETH and $RAZOR-$DFYN liquidity pairs respectively.
To participate in Farming, users have to move their RAZOR token from the Ethereum blockchain network to the Polygon chain. With the $RAZOR holdings now on Polygon Network, you are ready to start farming.
CONCLUSION
The Razor network has been working hard over recent months to provide amazing systems and schemes while, of course, carrying out various Partnerships through the means of AMAs. The platform has also been providing great incentives such as the farming functions on DFYN DEX medium, ensuring that users stand the chance to win big. Over time, they have merged a lot of optimizations. Having said that, they are now getting back to work to have some more exciting stuff to report for the rest of the month.
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