Dear community,
The past month was filled with learnings & progress for the team at Razor Network; notable developments have been covered in this article, namely the release of RazorScan V2, development of Command-line Interface in GO programming language, optimization & improvement of Razor Oracle Smart Contracts.
RazorScan V2
We have added more components and improved our API, the significant addition in the RazorScan to support the aggregated value of all the assets. Earlier, we only supported one endpoint URL to fetch the asset’s price, but now, we support multiple endpoints.
The value of each asset users now see on the RazorScan…
Please read our first update to get an overview of the ChainSwap exploit. ChainSwap has issued a reimbursement of $48,475 USDC, which was used to buy-back $RAZOR from the open market and burnt to reduce the circulating supply in the interest of our community.
The ChainSwap team has frozen $RAZOR on Binance Smart Chain as a precaution after the exploit. We worked closely with the ChainSwap team to find a recovery path for $RAZOR from Binance Smart Chain to Ethereum mainnet, following are the steps taken to migrate holders on Binance Smart Chain to Ethereum mainnet.
Migration of $RAZOR from BSC to Ethereum:
Updated, 14th July 2021
ChainSwap, a cross-chain asset bridge & application hub for smart chains, was exploited at around 08:00 PM UTC on 10th July. ChainSwap allows projects to bridge between blockchains seamlessly; many projects using these services were affected by the exploit, including Razor Network. To eliminate all fear, uncertainty, and doubt, we have penned down what happened during the exploit, developments since, and plan ahead.
ChainSwap exploit details
At around 08:00 PM UTC on 10th July, an attacker was able to attack ChainSwap contracts and steal tokens of various projects, including Razor.
The attacker was able to steal…
10,000 $RAZOR in rewards
Razor Network, the provider of truly decentralized oracle solutions for the DeFi and dApps ecosystem, is happy to announce the winning entries of the recently concluded Razor Network Sticker Making Contest. The contest winners will receive prizes totaling up to 10,000 $RAZOR tokens distributed among the winner, first runner-up, and two second runner-ups.
The Razor Network Sticker Making Contest was one of the many community engagement activities the platform conducts on a regular basis. Starting September 2, the platform accepted entries for Razor Network-themed Telegram stickers until September 9. The contest came with a few simple…
A step-by-step guide to farming your $RAZOR on Dfyn Network
We are delighted to announce that Razor Network is launching two exciting farms on Polygon (Matic) powered AMM platform — Dfyn Network. Razor Network will participate in Ecosystem and Dual Farm with liquidity pairs $RAZOR-$ETH and $RAZOR-$DFYN, respectively.
Total farm rewards; 240,000 $RAZOR + 11K $DFYN tokens:
- $RAZOR-$ETH Ecosystem Farm with 120K $RAZOR reward.
- $RAZOR-$DFYN Dual Farm with 120K $RAZOR + 11K $DFYN reward.
There is no TVL limit, and both the farms will run for 30 days from the announcement date.
If you’re new to this and need help getting started, the rest of this article will serve as…
Hello, Razor fam!
August has been another busy month for us, as we worked towards launching the Razor Network’s Incentivised Testnet. We also worked on the further development of RazorScan V2 and Razor-Go to offer our users and stakers the best-in-class service.
Read on to know more about what the Razor Network team has been up to behind the scenes over the month of August.
Smart Contracts — Razor Network
The team is now one step closer to the launch of the Incentivised Testnet. We have added a bunch of features to the testnet.
Make Razor Network-themed stickers for Telegram to win prizes of up to 10,000 $RAZOR tokens.
The community-first end-to-end decentralized oracle network for DeFi applications, Razor Network, has put together a competition to benefit its loyal community. The Razor Network Sticker Making Contest offers a platform for the crypto community to showcase their creativity by designing attractive and engaging sticker packs for Telegram and winning exciting prizes in return.
The Razor Network Sticker Making Contest is open for submissions from 2nd September till 9th September 2021 UTC. To participate in the competition, participants will have to follow a few simple rules and stand a chance to win a portion of the 10,000 $RAZOR prize pool.
Why The Sticker Making Contest?
While…
Razor Network is excited to join forces with Knit Finance to provide interoperability in our Oracle solutions and data feeds. Knit Finance cross-chain wrapped assets and bridge solutions will allow Razor to provide Oracle solutions across multiple blockchains, like Binance Smart Chain (BSC), Polkadot, Matic, Elrond, and more.
Knit Finance is a decentralized protocol for creating cross-chain wrappers for crypto and real-world assets. Through the protocol, users can deposit into insured custody and mint K-Assets. Ultimately, Knit’s unique solution would help achieve interoperability between various chains and promote cross-chain fluidity of assets.
Razor Network is blockchain agnostic and truly decentralized…
Razor’s decentralized oracle network to provide reliable price feed to Plutos Network’s synthetic issuances and derivatives trading platform
The truly decentralized oracle network for DeFi solutions, Razor Network has joined forces with Plutos Network — a cross-chain synthetics issuance and derivatives trading platform. The partnership enables Plutos to access Razor’s secure real-time Oracle data feeds for its trading platform.
Plutos Network is an innovative project offering industry-firsts in the form of synthetics through multiple blockchains, including Polkadot, Binance Smart Chain and Solana. It creates a bridge between traditional and crypto markets by providing users with the ability to create synthetics and trade them on Plutos Market.
Apart from Plutos Market synthetics derivative trading platform, Plutos Network also enables…
300,000 RAZOR tokens to be rewarded over 120 days to LP Miners
Razor Network is excited to announce that $RAZOR is now available for LP mining rewards on PancakeSwap.
RAZOR community & PancakeSwap users can participate in the $RAZOR/$BNB LP pool to earn the rewards without vesting, i.e. you only need liquidity locked to earn the rewards.
Farming RAZOR on PancakeSwap does not involve any vesting duration for LP tokens. Miners will continue to earn staking rewards as long as they lock their LP tokens on the farm, leaving them free to withdraw whenever they choose.
Note: Following the recent upgrade, only V2 LP tokens will be eligible to participate in Razor’s…
