DeFiner.org integrates with Conflux blockchain

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DeFiner.org, a platform for digital savings, loans, and payments, has announced the integration of its decentralized finance (DeFi) network with Conflux Network, a next-generation blockchain protocol ensuring scalability, security, and extensibility.

Conflux and DeFiner.org will work toward the goal of supporting the development of DeFi on a global scale, driving the adoption of each network, and improving peer-to-peer lending activities. Conflux’s “Tree-Graph” consensus mechanism allows for increased scalability, alongside significantly lower transaction fees, offering improved efficiency and affordability to participants in the DeFiner.org network.

“As the concept of decentralized finance (DeFi) gains traction in this market, particularly amid the present economic challenges and the undeniable need for alternative sources of capital, we are proud to be driving forward and partnering with Conflux to bring our cross-chain DeFi offerings to life. The integration of DeFiner’s unique cross-chain DeFi solution with the Conflux Network will propel our DeFi offerings in a way that is fast and scalable. With our partnership of Conflux, the interoperability of our network gives users maximum flexibility when creating collateralized loans.”
– Jason Wu, CEO and Co-founder of Definer.org

With its team of world-class academics and network of global research collaborators, Conflux’s offerings span beyond its high-performance blockchain. In addition to its technology breakthroughs, Conflux is devoted to fostering cutting edge innovation at its Research Institute, incubating startups and projects that are advancing the industry with new applications, and developing on top of the Conflux infrastructure. In creating this ecosystem, Conflux’s partners benefit from a global, decentralized marketplace offering resources and collaboration opportunities.

“Together with DeFiner, we are working to drive the future of decentralized finance. This partnership is the latest in a string of efforts by Conflux to foster cross-border collaboration, and improve security and speed across a number of industries and relevant business challenges, from finance, to government, to higher education. Our overall mission is to improve economic outcomes for relevant enterprises through blockchain technology.”
– Eden Dhaliwal, Global Managing Director of Conflux Network

Following the integration of the DeFiner.org network with the Conflux protocol, participants in the network will gain access to increased liquidity and currency options, including leading stablecoins in the crypto market. The collaboration will enable ramp up and ramp down options on the Definer.org network between cryptocurrencies and US Dollar (USD), and will also provide access to initial bootstrap lending capital on Conflux.

Via: https://www.cryptoninjas.net

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