RAI Finance and Darwinia Network Announce Partnership to Collaborate on Cross-chain Transactions
RAI Finance has recently announced a partnership with Darwinia Network, a heterogeneous cross-chain bridge network. As both projects are firmly rooted in Polkadot’s ecology, the two parties will work together to explore possibilities in the field of cross-chain asset transactions.
RAI Finance is a cross-chain exchange protocol based on the Polkadot network. In the future, RAI Finance will not only be integrated with a Polkadot parachain but will also increase its scope of transaction assets by using Darwinia’s powerful heterogeneous cross-chain protocol. This will enable access to Polkadot, Ethereum, BSC and other public chain assets connected to RAI Finance.
Darwinia Network is currently compatible with the Ethereum Virtual Machine (EVM), which brings substantial convenience to RAI Finance users by providing swap transaction services for assets in the Ethereum ecosystem. RAI Finance will also introduce its Layer 2 solution for off-chain transactions, improved automatic market-making functions, and cross-chain asset support to greatly increase the activity of asset flow in its public chain ecosystem.
About RAI Finance
RAI Finance is a decentralized finance (DeFi) project based on the Polkadot network. RAI Finance, combined with Polkadot’s cross-chain technology, aims to provide solutions to the existing decentralized financial ecosystem to solve problems affecting liquidity and the creation of DeFi assets.
The core team members have rich experience in the blockchain industry and have participated in the creation and operation of some of the industry’s top companies. These include Layer 1 protocols, dApps, and decentralized exchange (DEX) projects.
RAI’s core technology partner, Wizspace, is the founder of South Korea’s League of Traders and the world’s first EOS-based decentralized trading platform, DEXEOS. This relationship provides significant technology and user base advantages for the RAI Finance ecosystem. RAI Finance has also received strategic investments from world-leading crypto investment funds including NGC, GBIC and Alphabit.
About Darwinia Network
Darwinia Network is an open, cross-chain bridge protocol built on Substrate, the “Golden Gate Bridge” of cross-chain ecology. It provides a secure, universal bridging solution that helps realize cross-chain asset management among heterogeneous chains such as Polkadot, Ethereum, and TRON.
Darwinia Network has won many honors and recognitions on the road to building a decentralized bridge chain. The project forms part of the Polkadot white paper and was selected to join the Substrate Builder Program and Web3.0 training camp. Tools and products developed by Darwinia have received three W3F Grants, and the project was formally recognized by Parity for their outstanding technological achievements. Gavin Wood, the founder of Polkadot, has praised Darwinia as one of the “most noteworthy Polkadot ecological projects”.