Reef Finance joins forces with Aavegotchi as the first NFT Partnership
Reef Finance is collaborating with Aavegotchi which is a prominent project and one of the most creative ones that specialize in NFT
Aavegotchi is a non-fungible DeFi-centric token that is powered by Aave Protocol. It can also be valued under collaterals of tokens which makes it a premium and highly rare NFT. The tokens represent its “spirit force”, therefore withdrawing the collateral destroys the Aavegotchi.
Aavegotchi is a more creative NFT project which connects DeFi with Gaming. This was brought up by Tamagotchi handheld arcade gadgets. This special attribute makes Aavegotchi the best choice for Reef Chain’s first NFT collaboration
This Collaboration will aid Reef users to interact with users ofAavegotchi by staking the REEF tokens in Reef Yield Engine Baskets. On the other hand, Reef Finance will list fractional Aavegotchi NFTs in its DeFi Baskets. This allows creating liquid markets for unique collectors’ items.
Commenting on the new partnership, Denko Mancheski, the CEO of Reef Finance said, “We’re pleased to offer NFTs on Reef Chain and Reef DeFi baskets. When you learn of how Aavegotchis work you can’t help but be amazed at how cool the concept is.”
This expansion into NFT is a huge step for the Reef Project which is tailored to aggregate liquidity on all venues whether centralized and decentralized. Reef chain is best suited for hosting NFT platforms and tokens due to its full support for the Ethereum Virtual Machine and its universal liquidity bridges
About Reef Finance
Reef Finance is building Reef Chain, a DeFi blockchain built on Substrate and customized for the needs of the DeFi DApps of tomorrow. ReefChain provides high scalability, enabling almost instant and low-cost transactions. ReefChain supports Solidity and makes full use of EVM, allowing developers to seamlessly migrate their DApps from Ethereum without any change in the codebase. Reef’s main goal is to make DeFi easy for everyone by aggregating different protocols allowing smart exposure through their basket engine.