RioDeFi Has Partnered With Phantom Protocol
This collaboration will include the establishment of cross-chain communication channels between RioChain and the Phantom network as well as joint research on DeFi protocols.
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.
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.
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.
