Asva Labs Partners with Raze Network to Reinforce Security and Privacy on Asva Finance
Asva Labs is pleased to announce a long-term strategic partnership with Raze Network, a cross-chain privacy protocol that provides end-to-end anonymity for the entire DeFi and Web3.0 stack on Polkadot.
How does Asva Finance-Raze Alliance empower our users?
Asva Finance, one of the premium products from Asva labs, is a cross-chain DeFi aggregation protocol that leverages DeFi protocols from multiple blockchains to feature a wide range of functionalities like cross-chain token swaps, lending, borrowing, yield farming, and portfolio management. Our advanced cross-chain routing mechanism offers the best rates to users for all the services they avail from a simple user-friendly interface.
Raze Network is a substrate-based, cross-chain privacy protocol built for the growing DeFi and Web 3.0 ecosystem. Applying zkSNARKS to the Zether framework, Raze is an EVM-compatible layer-2 middleware that will enable end-to-end anonymity for decentralized applications running on Ethereum, Polkadot, and Binance Smart Chain, with more layer-1 chain integrations roadmapped in the near future.
Raze integration will protect the identity of both the sender and receiver in transactions facilitated on Asva Finance. The amount sent will be concealed from third parties. Users will be able to mint, transfer and redeem private tokens from base tokens on the contract at a ratio of 1:1. In effect, complete anonymity will be guaranteed for all on-chain activities.
Asva finance will leverage Raze protocol to fulfil the privacy and security aspects of our interoperable DeFi solutions.
We will keep you posted about the further outcomes of the integration as the partnership matures.
“Raze Network showcases immense potential as a cross-chain privacy protocol for the Polkadot ecosystem. Partnering with Raze Network will be a major step in our journey towards solidifying privacy on Asva Finance.”
- Mallikarjuna Naidu, CEO of Asva Labs.
About Raze Network
A Substrate-based cross-chain privacy protocol for Polkadot, Raze Network acts as a native privacy layer providing end-to-end anonymity to the complete DeFi stack. The network applies zkSNARKS to the Zether Framework, building a second-layer decentralized and anonymous module. This module can then be imported to all EVM-compatible chains as a substrate-based smart contract.
Raze Network, in its stated objective, hopes to enable cross-chain privacy-preserving payment systems and trading systems while also protecting the transparency of user assets and user behaviours from surveillance.
About Asva Labs
The world’s pioneer platform to fuel interoperable applications for DeFi, NFTs, and the metaverse, Asva Labs leverages Web3 blockchain technologies to pave the way for an interactive decentralized ecosystem. We address the existing limitations of the industry through cross-chain interoperable apps that flaunt remarkable scalability.
Asva Labs has deployed two premier products to change the face of decentralized services. Asva Finance — a cross-chain DeFi aggregation engine that features a one-stop solution for DeFi functionalities. And, Asva Virtua Space — a fascinating realm of on-chain metaverse powered by NFTs.
Asva Labs aims to bring DeFi and NFTs to the mainstream through an array of relevant advanced use cases.