Reef Finance partners with leading community DEX DAOfi to let Reef users invest in community token baskets
Reef Finance is partnering with leading community token DEX DAOfi to offer users the option to diversify their investment through community token baskets
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. Rather than aligning individuals on a short term basis for a contractual payout, communities using DAOfi form long term partnerships and wealth formation through the ownership of a common token.
DAOfi’s integration into the Reef Finance platform will enable Reef’s users to create a basket which contains community tokens from specific DAOs. These tokens will be curated based on certain fundamental metrics. This will provide Reef users with the opportunity to have a diversified exposure to a bundle of small token economies which have the prospects to become leaders in their niche.
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.
“We are excited to offer Reef users the ability to get exposed baskets backed by community tokens. This is a specific theme of assets that we believe has a lot of potential.” said Reef Finance CEO Denko Mancheski.
Through the Reef and DAOfi collaboration, Reef Finance will usher in a better user experience for users bringing DeFi into the mainstream.
Reef is the first cross-chain DeFi operating system built on Polkadot. With a seamless user interface, 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 smart lending, borrowing, staking, mining through AI driven personalized Reef Yield Engine.
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