RioDeFi Establishes Partnership With Phantom Protocol
Our team is very proud to announce that RioDeFi has entered into a strategic partnership agreement with Phantom Protocol.
Phantom Protocol is an initiative that aims at improving the scalability and efficiency of DeFi protocols by implementing cross-chain channels and by leveraging synthetic assets.
Phantom’s users can create pAssets through depositing collateral, opening positions, and then generate corresponding pAssets that mimic the behavior of real-world asset prices.
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.
James Anderson, CEO of RioDeFi is “excited to partner with Phantom Protocol as their cross-chain synthetic asset generation and issuance protocol holds a lot of promise, especially in the areas of NFTs, e-sports, and gaming. They’re supporting many public blockchain protocols, so a cross-chain bridge between RioChain and Phantom Protocol will allow users of both ecosystems to easily access cross-chain DeFi services.”
Download RioWallet here: https://riodefi.com/wallet
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.
To learn more about Phantom Protocol, please visit:
Twitter: https://twitter.com/PhantomDefi
Telegram Group: https://t.me/PhantomProtocol
Telegram Announcement Channel: https://t.me/PhantomProtocol_Announcement
About RioDeFi
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.
“Rio” is the word for river in Spanish, and to us it represents the ideas of liquidity and flow. We believe that money is energy in a liquid, spendable form, so Rio represents these flows of wealth.
RioDeFi is dedicated to bringing transparency and inclusion to the world of finance. RioDeFi and Phantom Protocol teams will explore together strategies and will take part in joint marketing activities across the world to help raise awareness about the benefits of decentralized finance.
To learn more about RioDeFi, please visit:
Website: https://www.Riodefi.com
Twitter: https://twitter.com/riodefiofficial
Telegram Channel: https://t.me/riodefiofficial
Telegram Announcement: https://t.me/riodefiofficial
