The Phantom team is excited to announce that Phantom Protocol has entered a strategic partnership with RioDeFi .
RioDeFi accelerates the mass adoption of digital assets by bridging traditional and decentralized finance. Its applications enable lower transaction fees, faster confirmations, more efficiency, better returns for savings account holders, and global reach.
Through this partnership, Phantom Protocol and RioDeFi will explore opportunities in cross-chain adoption, acceleration on the mass adoption of digital assets, as well as seeking to provide better returns for account holders. The scope of the collaboration between the two projects will include the establishment of cross-chain communication channels between RioChain and the Phantom network as well as joint research on DeFi protocols.
About Phantom Protocol
Phantom Protocol is a next-generation “DeFi+NFT” solution that supports NFT issuance and fractional trading. Phantom includes the cross-chain DeFi protocol that supports synthetic asset generation and NFT issuance. Utilizing smart contracts, Phantom allows individuals to build synthetic assets (pAssets) in a decentralized manner with mainstream cryptocurrencies or NFT as collateral. Phantom enables more people to join in a diverse range of investments by lowering the obstacles to entry. Phantom is incubated by Conflux and invested by LD Capital, NGC Ventures, Kyros Ventures, Gate Labs, DFG, MXC among others.
RioDeFi accelerates the mass adoption of digital assets by bridging traditional and decentralized finance. Our vision is a world in which everyone has access to decentralized financial (DeFi) services.
We develop solutions that connect banking institutions with blockchain systems. Our applications enable lower transaction fees, faster confirmations, more efficiency, better returns for savings account holders, and global reach.
Learn more at: https://riochain.io/