Reef Finance (REEF) — Polkadot-based Multi-Chain Smart Yield Engine & Liquidity Aggregator
In the current Decentralized Finance (DeFi) landscape, trading, lending, borrowing, staking, and mining crypto assets are fragmented and create a painful experience for all of its participants. There is a glaring need for service that will aggregate liquidity, facilitate and automate crypto asset trading with more security and efficiency, and provide better data and insights into risk and portfolio management. While centralized exchanges (CEX) are isolated and prone to breaches, decentralized exchanges (DEX) have little liquidity and are difficult to use. Neither of them integrates with the DeFi ecosystem directly, forcing daily traders to struggle and manually stitch up the most profitable transaction pathways, while pushing large investors towards OTC desks where they are dealt suboptimal yields.
Reef Finance (Reef) is a multi-chain smart yield engine and liquidity aggregator where any DeFi protocol can integrate into. Powered by Polkadot, it shares its security model with the ecosystem, and enables cross-chain integrations across various DeFi protocols. Reef gives retail investors access to the DeFi landscape with a low technical entry barrier while at the same time augments the decision making process based on users’ risk levels.
Reef’s infrastructure is a chain of multiple smart contracts composing and integrating on top of the ecosystem. This entry component is called a basket engine which communicates with the liquidity aggregator and the analytics engine. It allows the user to invest/divest into multiple DeFi platforms with a single click and reduces the necessity to manage the outputs of the activities manually (e.g. LP tokens). The engine is being extended to support insurance cover of the basket and multi-hop strategies. The infrastructure will support multiple chains including Ethereum, Binance Smart Chain, Plasm, Moonbeam and Avalanche. This will allow users access to a large number of DeFi platforms.
With a seamless user interface it offers its users as top notch functionality that enables access to liquidity from both CEXes and DEXes while offering a smart exchange mining through AI driven personalized baskets. It enables users to sail through the DeFi landscape smoothly without missing out on great opportunities or encountering bogus platforms. It is an excellent platform and opportunity for investors as it solves a lot of problem plaguing ETH right now.
Reef is a non-custodial, decentralized network governed entirely by Reef token holders via a Decentralized Autonomous Organization (DAO) to achieve a transparent future: a future based on more truth and less trust.
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