Razor Network — Recent Developments Achieved by the Platform- (First Half of April, 2022)
Razor Network is really setting itself up to be one of the best decentralized finance protocols or platforms with its recent collaborations and achievements. Their plans and prospects for various PoS programs really prove their true devotion to staking and liquidity. Over the course of the article, the latest information provided by the network will be detailed in order to comprehend their support for the community. Before that, a little information on what Razor Network entails will be given below:
DETAILS ON RAZOR NETWORK
Razor Network is basically 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, their plan is to deploy it on 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. The platform hasn’t been too active in the month of April, but recently released updates that they’ve been working on in the Month of March. More details on this will be explained below:
RECENT DEVELOPMENT HIGHLIGHTS
Razor Contracts v1.0 Details
After developing and testing v0.1, v0.2 and v0.3, the team has recently Announced that they have finally made the Razor Contacts v1.0 ready. Their v1.0 Golang implementation Razor-Go is also ready now.
StakingCabin and InfStones Collaboration
Recently, the platform also Announced that StakingCabin and InfStones will be their official partners in order to expand our offering further.
The inclusion of StakingCabin and InfStones into the Razor Network ecosystem has provided us with two institutional validators. In addition to joining us as a validator, StakingCabin also offers an additional avenue for our community members to stake their $RAZOR tokens. Both platforms will be helping us with our community-building initiatives while making the oracle network more reliable and decentralized than ever.
5th Edition of RAZOR token Farm On Dfyn Network
Razor kickstarted the fifth edition of $RAZOR farms on Polygon’s leading AMM DEX platform Dfyn Network. The latest edition of $RAZOR-$DFYN and $RAZOR-$ETH ecosystem and dual farms on Dfyn will provide a rewarding experience with 1,080,000 $RAZOR 45,000 $DFYN tokens on offer. The 90-day $RAZOR farms with no lock-in on Dfyn started on March 9, 2022, and there is still time for those who missed the previous announcement to participate on both the farms.
CONCLUSION
The Razor network has been working really hard over the course of recent months to provide amazing systems and schemes while, of course, carrying out various Partnerships through the means of AMAs. Over time, they have merged plenty of minor fixes and optimizations. Having said that, we are now getting back to work to have some more exciting stuff to report over the course of the month.
Official Links
