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Reef.finance

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A smart liquidity aggregator and yield engine for DeFi

According to LinkedIn, Reef Finance is a smart liquidity aggregator and yield engine that allows users to trade with liquidity access from both CEXes and DEXes while at the same time offers other features such as smart lending, borrowing, staking, and mining through AI-driven personalized Reef Yield Engine. According to Crunchbase, Reef Finance is a cross-chain DeFi operating system. The official website stated that the goal of the platform is to make DeFi easier for the average users, by providing a single gateway to DeFi through liquidity and protocol aggregation, proprietary analytics, and multi-Chain accessibility. The platform is running on the Polkadot ecosystem. According to Crunchbase, the company is supported by various investors, including but not limited to NGC Ventures, Genesis Block, QCP Ventures, Woodstock Fund, Bitcoin.com, Kenetic Capital, LD Capital, PNYX Ventures, Krypital Group, TRG Capital, and Master Ventures.

The company claims that Reef will help users to solve various problems in the DeFi space. One of them is the liquidity problem. Most DEXs are unstable, slow, and difficult to use due to Ethereum’s network with its scalability problem. It is also difficult to interact with each other since there is no integration that happens easily. The yield market also has a lot of problems, from a high technical barrier of entry
to a very expensive gas fee just to make a single transaction. Reef Finance, powered by Polkadot technology, will solve these problems while running on a decentralized network governed entirely by Reef Token holders via DAO to achieve a transparent future: a future based on more truth and less trust.

Categories

Blockchains, Decentralized Exchange, DeFi

Location

London, United Kingdom

Year founded

2020