Welcome RAI Finance to the Meter Family!
We are very excited to announce that RAI Finance and Meter have reached a partnership to expand the liquidity and interoperability of cross-chain assets.
RAI Finance aims to provide solutions to the existing decentralized financial system to solve insufficient liquidity and other problems of creating DeFi assets. After announcing the EVM Polkadot parachain support, connecting with BSC (Binance Smart Chain) and Avalanche, the partnership with the Meter, will continue to increase the variety and quantity of tradable assets on RAI Finance.
By connecting with the Meter Passport, the inter blockchain router developed by Meter, RAI is able to provide users with more cross-chain assets from other EVM parachains, Ethereum and other blockchains, creating the foundation for higher liquidity. This is important to ensure stable prices, reducing price manipulation (purposeful or not) and volatility thus creating a better trading environment.
Meter aims to provide the solution for the next generation of cross-chain DeFi. It provides both scalability and interoperability to Ethereum and other blockchains acting as a layer 2 side chain. Meter will help RAI Finance to connect with other EVM compatible parachains and allow ERC-20 assets and smart contracts on these parachains to freely flow and communicate with each other.
In the future, smart contracts on Meter will be able to move across chains through RAI’s Polkadot parachain. The two parties plan to integrate and expand RAI into the entire DeFi ecosystem and achieve better cross-chain interoperability solutions. This creates a better user experience by increasing the tradable assets and liquidity of them.
About Meter
Meter is a high-performance DeFi infrastructure that can be used as the infrastructure of Layer 2 to improve the scalability of other public chains, allowing smart contracts to expand and smoothly operate on heterogeneous blockchain networks.
Meter is a hybrid consensus protocol that supports the next-generation financial system. It draws on the Bitcoin issuance mechanism and associates it with the physical world through mining. At the same time, it uses a PoW, PoS hybrid consensus mechanism, and an endogenous Metastable coin MTR to achieve decentralization. The issuance and bookkeeping of reliable, credible currency and the independent monetary policy based on community governance to adjust the relationship between supply and demand to achieve stability.
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About RAI Finance
RAI Finance is a decentralized finance (Defi) project based on the Polkadot blockchain. RAI Finance, combined with Polkadot’s cross-chain technology, aims to provide solutions to the existing decentralized financial ecosystem to solve insufficient liquidity and the creation of DeFi assets.
