Razor Network, the creator of next-gen oracle systems for the Defi market, is now partnered with Vortex DeFi — a cross-chain Defi solutions platform to further bolster its Defi offering by providing reliable and tamperproof price feeds.
The latest partnership with Razor Network will enable Vortex DeFi to integrate a secure and reliable real-world price feed oracle to its V-SWAP smart contracts. By doing so, Vortex will be able to assure accurate prices for P2P crypto-asset swaps on the V-SWAP platform.
About Vortex Defi
Vortex Defi is a gateway to the world of DeFi, bringing all the DeFi instruments such as yield management, NFT, swapping, and insurance together on one platform, creating a seamless experience for the end-user.
An innovative initiative, the Vortex DeFi ecosystem bridges the gap between different scattered DeFi solutions on multiple blockchains. The project offers a single, blockchain agnostic window for crypto users to manage various digital assets efficiently.
The rising interest in Decentralized Finance has given birth to many crypto projects offering various DeFi services. However, in the absence of universal standards, these projects adopt different underlying blockchain protocols and lack uniform tokenomics. In the present state, crypto investors find their attention divided across multiple platforms as they try to discover the best platform that could offer better returns.
The DeFi-as-a-Service (DaaS) model adopted by the Vortex Ecosystem offers a convenient solution to the problem by enabling users to manage all their DeFi needs from a single interface. It acts as an investment management tool where users can interact with some of the best DeFi projects without switching between platforms or worrying about their underlying protocols.
Starting with Yield Farming, Vortex offers a whole suite of DeFi tools, including V-SWAP P2P crypto-asset swap, V-Insure crypto asset insurance, V-NFTs for NFT asset management, and V-Pay fiat ramp for buying and selling cryptocurrencies. The Vortex ecosystem currently supports DeFi solutions based on Ethereum, Polkadot, Binance Chain and works with Yearn Finance Protocol to facilitate yield farming across multiple lending platforms.
Integration
The latest partnership with Razor Network will enable Vortex Defi to integrate a secure and reliable real-world price feed oracle to its V-SWAP smart contracts. By doing so, Vortex will be able to assure accurate prices for P2P crypto-asset swaps on the V-SWAP platform.
Razor Network has already proven the reliability of its oracle network. It offers the highest standards of security in a permissionless setting, enabled by complete decentralization. Designed for speed and security, the oracles utilize a proof-of-stake consensus algorithm with pseudorandom validators and maximum game-theoretical security to shield them from any manipulation. The efficient use of decentralization combined with fair, widespread distribution of RAZOR tokens necessary for staking by data providers eliminates single points of failure. It prevents server downtime, data hacks, bribe attacks, takeover attacks, and censorship issues that are quite prevalent in few oracles.