Plutos network partnered with Razor to bring Decentralized data feeds to the platform and explore the integration of solana. Plutos Network announces a key partnership with Razor that will enable highly secure and robust real-time world data feeds facilitating synthetics trading. In doing so, Plutos Network will be able to offer users price advantages in trading, a higher degree of reliability, alongside an advanced user experience.
Razor Network is a decentralized Oracle network, which provides secure and reliable real-world data feeds for various blockchain-based applications and services, such as Decentralized Finance, Identity, Insurance, Prediction Markets, and so on. Razor’s performance is superior and more secure than traditional centralized oracle services, as Razor relies on a network of Validators for verifying data authenticity and ensures maximum game theoretical security. Moreover, Razor is blockchain agnostic, and can be easily integrated by developers working on a range of blockchain networks.
The technical integration of Razor’s advanced feedings into Plutos platform can be seen as a “go-to-solution” that solved major difficulties facing the synthetic market such as lack of user accessibility, scalability of current solutions, user experience all at a lower cost.
Some of the integrations that Razor offers the Plutos network include the following.
1.) The Razor Network provides real-time price feeds for Plutos Network’s marketplace, allowing users to issue and trade synthetics including swaps, options, contracts, commodities at faster speeds, and more accurate pricing.
2.) Highly reliable and secure real-time data feeds are upheld with Razor’s decentralized and blockchain agnostic oracle network. This represents a pivotal addition for the Plutos Network to ensure the highest level of data communication between the Polkadot sub-parachain, Solana and BSC network.
- Razor will provide onion technical support and work with Plutos to expand the technical integration to the Solana ecosystem. The two teams will explore how to ensure scalability and composability during data feeding in synthetic assets issuance and trading, as well as bringing new values to DeFi as a solution to Ethereum’s bottlenecks.