We are excited to partner with Razor Network to further expand our oracle ecosystem. Our users will now have access to new price feeds for market creation, leading to limitless possibilities.
Razor Network is a decentralized oracle network that connects smart contracts with real-world, off-chain data in a quick, robust and secure manner. Razor already has started to collaborate with some of our partners such as Polygon and Conflux.
Injective is a fully decentralized, robust, and parameterizable Layer-2 DeFi protocol that supports a diverse array of derivatives, including CFDs, perpetual swaps, and more. The Injective DEX provides an order of magnitude speed-up compared to its counterparts by scaling trade execution and settlement on Layer-2 while being fully decentralized.
With our layer-2 architecture, Injective avoids both network congestion and the associated transaction fees that are commonly seen in decentralized exchanges today, allowing users to trade seamlessly without having to worry about high gas fees or network latencies. Users can also permissionlessly create and trade derivative markets that even centralized exchanges cannot support.
Any DEX requires various real-world data price feeds for the available crypto assets, so that users can trade them at the most recent and updated prices. If the prices are not correct, then both the reputation and the usability of the DEX can come under threat.
An integral component of market creation is the use of robust and secure oracle solutions. We already work with leading oracle providers in the space such Chainlink and Band Protocol. The partnership between Razor Network and Injective will enable the Injective DEX to access more assets in a secure and reliable manner given Razor’s innovative oracle solution.
“The crypto trading space is heating up, with a host of decentralized exchanges offering innovative features joining the playing field. Injective offers the technical advantages of Layer-2, and is poised to be one of the leading players in this sector. We hope that the use of Razor’s crypto price feeds will further help the Injective team achieve their goals,” said Hrishikesh Huilgolkar, CEO of Razor Network.
Furthermore, we also plan to create new derivative products using the native Razor token. Our community will now have access to new indices and sophisticated financial products that are exclusively available through Injective.
“Our goal at Injective is to create an unparalleled oracle ecosystem through which users can access limitless DeFi markets. Razor will be a great addition to this network as we look to further our goal moving forward,” said Eric Chen, Injective CEO.
About 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. Razor Network’s core component is a set of smart contracts that can run on any Ethereum-compatible blockchain.
About Injective Protocol
Injective Protocol is the first layer-2 decentralized exchange protocol that unlocks the full potential of decentralized derivatives and borderless DeFi. Injective Protocol enables fully decentralized trading without any restrictions, allowing individuals to trade on any derivative market of their choosing. Injective Protocol is backed by a prominent group of stakeholders including Pantera Capital, one of the most renowned venture capital firms in the world, and the leading cryptocurrency exchange, Binance.