P2P Network DeFiner Integrates With Next Generation Blockchain Protocol Conflux
DeFiner, a peer-to-peer network for digital savings, loans, and payments, has announced its partnership with Conflux Network, a high-performance, PoW-based, public blockchain protocol.
Powered by blockchain technology, DeFiner enables users to effortlessly lend, borrow, and earn digital assets within a global network. DeFiner removes the friction and costs associated with conventional financial services and instead offers maximum flexibility to set one’s own rates and terms. It also removes the need for third parties from its financial ecosystem, by using an immutable blockchain to track all loans and transactions, providing ultimate security for users.
Based in China, Conflux Network is an open-source, layer-1 blockchain protocol that aims to deliver heightened scalability, security, and extensibility for the next generation of open commerce, decentralized applications, financial enterprises, and Web 3.0. It unites startups and enterprises across industries and continents to promote decentralized collaboration in advancing blockchain technologies for real-world solutions.
As part of the partnership, DeFiner will integrate with the Conflux protocol to allow participants in the network to 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 Network between cryptocurrencies and US Dollar (USD), and will also provide access to initial bootstrap lending capital on Conflux.
“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,” said Jason Wu, CEO and Co-founder of Definer. “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.”
The partnership highlights the mission of both DeFiner and Conflux in supporting the development of DeFi on a global scale.
“Together with DeFiner, we are working to drive the future of decentralized finance,” said Eden Dhaliwal, Global Managing Director of Conflux. “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.”
