Reef DeFi: A list of partnerships in the last few weeks…

Hi, I’m Godswill and I’d like to highlight some of the Reef DeFi partnerships in the past two to four weeks, which I compiled together in one article.

This is the beginning of my series on the Reef DeFi project so kindly follow to get more blogposts on the progress of the project.

Reef is DeFi’s first cross-chain operating system that is built on Polkadot. Reef offers its users a yield engine that enables trading with access to liquidity from CEXs and DEXs, a seamless user interface, and smart liquidity aggregator. The project offers all these and still offers smart lending, staking, borrowing and mining through Artificial Intelligent personalized Reef Yield Engine.

In the past few weeks, Reef has made some exciting partnerships in the DeFi eco-space. This article highlights some of these partnerships with short descriptions of the partnership goals. The list of partnerships includes:

  1. Reef and Matic

Matic Network uses an adapted version of Plasma with PoS based sidechains, in order to massively scale the Ethereum network. Matic’s Side-chain solution provides much faster and extremely low-cost transactions with finality on the main Ethereum chain.

Reef’s partnership with Matic gave Reef Finance the capability of scaling its DeFi platform, and offering users a secure, smooth, and fast user experience. Payments will now be settled on-chain whenever needed with fast finality. Considering the number of DeFi platforms available to its users today, the with this collaboration Reef will be able to provide the best-in-class DeFi service and stay one step ahead of others.

Speaking about the partnership, Denko Mancheski, CEO of Reef Finance, said,

“We’re honored to have Matic on board with us. Matic has been a thought leader in scalability. We’re ecstatic to work with them and make scalable, fast, and easy-to-use DeFi a reality”.

The partnership also opened the doorway to Ethereum’s layer-2 interoperability with the Polkadot network, as Polkadot has been designed to connect public and private chains, oracles, and other decentralized technologies, and create an internet where independent blockchains can exchange information and transactions in a trustless manner.

Reef and Matic share similar core values, this made the partnership an important step forward for the holistic development of the blockchain industry.

2. Reef and DEX DAOfi

DAOFI is powered by Web3 technology, and provides the economic contracts to power new types of community alignment. DAOfi unlocks a path to create flexible and scalable incentive aligned systems through public token networks for a wide variety of use cases.

DAOfi enjoys the distinction of being one of the first community DEXs in the blockchain space, which makes the company uniquely positioned to serve the needs of Reef Finance users.

Reef Finance provides various baskets of yield earning opportunities to users. Depending on their risk appetite, users can choose which basket to invest in, or shift their investment between different baskets and re-adjust their portfolio if market conditions appear favourable for that. The partnership with DAOFI will provide more options to Reef users, and help them diversify their portfolio in a more streamlined manner.

3. Reef and Kava Labs

Kava is the first DeFi project on the Cosmos ecosystem and focuses on providing interoperability to DeFi. Kava’s platform provides cross-chain DeFi opportunities, collateralized stablecoin loans, and real-time price feeds through Chainlink’s oracle network. Kava is also the first project built with Cosmos SDK that will integrate with Reef’s platform

The partnership brings a lot of features to Reef Finance’s DeFi platform, some of these features includes:

Access to Collateralized Loans on Kava’s Platform;

Access to Yield Opportunities on Kava’s Platform;

Access to Kava’s Stablecoin USDX; and

Access to HARD Protocol & Other Earning Opportunities

4. Reef and Paraswap

Paraswap is the fastest DEX aggregator that empowers dApps and traders with high liquidity and cheaper transactions.Paraswap is the fastest DEX aggregator that empowers dApps and traders with high liquidity and cheaper transactions. Paraswap splits orders across multiple exchanges into one optimized and secure transaction. Paraswap also uses GasToken.io (GST2), when possible, so that network fees are cheaper.

With Paraswap, Reef is one step closer to making DeFi a reality for the average retail investor.

5. Reef and StaFi

StaFi is the first DeFi protocol which unlocks liquidity of staked assets, by letting users stake PoS tokens through StaFi’s Staking Contracts and receive rTokens (reward-Token) in return. These rTokens are available for trading while still allowing the user to earn the original staking rewards.

With this partnership, Reef users will be able to use Stafi’s Staking Contracts to issue rREEF tokens for the assets that they have staked on Reef’s platform. These rREEF tokens will be liquid and tradable, while the original assets remain locked in their native blockchain network.

This will help Reef users to hedge against market volatility by making the staked assets liquid, while still earning the DeFi rewards that are available through Reef’s machine learning and AI powered DeFi Smart Yield Farming engine.

6. Reef and Halborn

Halborn is an award-winning, elite cybersecurity firm working with blockchain companies. Unlike other firms in the space, Halborn focuses on full stack security, DevSecOps, as well as advanced penetration testing of the web apps that interact with smart contacts. Halborn also provides exceedingly thorough analysis of a blockchain application’s smart contracts in order to correct design issues, errors in the code, or identify security vulnerabilities. Halborn performs both manual analysis and automated testing to make sure smart contract applications or DeFi platforms are ready for mainnet.

Reef has been audited by Halborn to provide cutting edge DeFi products for the Polkadot ecosystem. Reef offers its users a smart liquidity aggregator and yield engine that enables trading with access to liquidity from both CEXs and DEXs, while offering DeFi products through AI driven personalized Reef Yield Engine.

For more information about Reef or to join the team, please contact info@reef.finance.

Learn about Reef’s recent official news:

| Website | Twitter | Telegram |

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