Reef continues towards its vision and goal of making DeFi easy for everyone. Last month, we took more steps towards making this a reality. Today, in our monthly May update, we celebrate our booming social community, new partnerships, and new projects on Reef Chain, and participating in the community.
Let’s take a look at May and celebrate together.
May 2021 Quick Snapshot
We are pleased to announce the launch of a $20M Grant Fund for developers to expand the development of Reef Finance’s Reef Chain.
The $20M Grant Fund will be used to help onboard and equip developers with the necessary infrastructure needed to build out the Reef ecosystem. We’re looking to attract top-notch talent who are interested in building the DeFi applications of the future with us.
We truly believe in the development community and see developers as the frontiers in the adoption of solutions within any blockchain. Working with the development community is important to us, and important for working…
Reef Finance is excited to welcome Realm into its ever growing Reef Chain ecosystem. Realm is a community-driven open-source project to create personalized metaverses. As a multichain platform, Realm aims to create a new paradigm in the NFT space with living NFTs and magical realms.
With Realm, users can discover an infinite number of metaverses, collect pets with cross-chain genetics, and create their own (or with friends!) realms. By building on the Reef Chain, Realm will leverage Reef Chain’s high scalability and throughputs while drastically minimizing the gas fees imposed on platform users on other EVM blockchains.
Realm closed its…
Reef Finance welcomes our new partner, Polkalokr, into our ever-expanding ecosystem. Polkalokr is an all-in-one, multi-chain token locking platform that offers a highly customizable escrow to restore trust and simplicity to complex token economies.
Reef Finance aims to simplify DeFi and make it accessible to everyone. It provides investors the best available DeFi opportunities to yield better profits. With the addition of Polkalokr’s highly customizable product, SWAPR, investors at Reef Finance will earn greater benefits and advantages while swapping the locked tokens.
Polkalokr, using its highly customizable multi-chain token escrow, aims to put power back into participation by simplifying the…
Reef Finance is excited to welcome the Lendefi protocol to its growing ecosystem as one of the first lending projects to build on Reef Chain. The Lendefi protocol facilitates leveraged trading and secured lending within a trustless environment. This delivers confidence to both traders and lenders within volatile cryptocurrency markets.
Lendefi allows traders to utilize undercollateralized loans for leveraged trading while delivering lenders security and interest payments on an hourly basis. Security for lenders is delivered through the protocol, which initiates a liquidation event before the assets of the lending pool are eroded.
The Lendefi lending protocol on Reef Chain
We are pleased to announce that Reef Finance will be launching the Canary version of the Mainnet of their proprietary blockchain network Reef Chain on May 28th.
The first cross-chain DeFi operating system, Reef, aggregates liquidity from centralized and decentralized sources onto a single platform. By offering a host of DeFi investment opportunities in a single place, Reef saves investors the hassle of interacting with multiple trustless protocols. Thus, Reef significantly reduces entry barriers into DeFi, especially for first-time investors.
Reef Finance has also introduced a wide range of DeFi yield products in a short period, including Reef Bonds and…
DEIP Network is a Web 3.0 Layer-2 protocol developed on Substrate, which enables the discovery, evaluation, licensing and exchange of intangible assets in a decentralized manner. Using DEIP’s Intellectual Capital Protocol, users can turn any intangible asset, such as patents, copyrights, inventions, and intellectual properties, into fractional NFTs. These fractional NFTs can thereafter be traded, providing the holders fractional ownership over the assets.
DEIP wants to implement a fair, transparent, and trustless foundational infrastructure for unlocking the full potential of creators all around the world.
Reef is the world’s first cross-chain DeFi operating system which offers investors the easiest point…
As Reef continues to move at full speed in its mission to make DeFi easy, we are proud to share what our April month looked like with our community.
This month, Reef Finance reached 100K followers on Twitter! We also had continued our collaborations with leading projects. We hope our community is proud of our achievements, and we guarantee there’s even more to come!
Let’s look into Reef’s April at a glance!
Reef Finance formed a brand new partnership with Aavegotchi, one of the hottest projects in the non-fungible token (NFT) space. …
Reef is delighted to partner with Benchmark Protocol, an elastic stablecoin-alternative bridging capital markets to DeFi. xMark (ERC20) is a non rebasing cross-chain friendly representation of MARK — the elastic supply stablecoin alternative pegged to the SDR.
By introducing xMARK into the reef ecosystem, the reef community will have access to non-collateralized inflation shielded stablecoin alternative that fits well into lending and SOV use cases.
Stable coin alternative becomes part of Reef ecosystem
Reef is the gateway to DeFi through liquidity and protocol aggregation, proprietary analytics, and multi-chain accessibility. …
We created Reef Finance to simplify the entry process for investors into the flourishing DeFi industry. With the wide range of DeFi protocols available today, investors have an abundance of options when making investments. However, each protocol requires users to interact with a unique set of smart contracts. The tedious process increases both the transaction costs for the users and the barrier of entry into DeFi.
The first cross-chain DeFi operating system