Reef is excited to announce that we are working together with Torus Wallet in developing Reef, the first cross-chain DeFi operating system. Reef’s number one goal is to be able to on-board a non-crypto user into the DeFi landscape. There are two main barriers in doing so: owning crypto and managing wallets. Owning crypto can be solved by a fiat gateway, but managing wallets is a bit trickier than that. Torus’s revolutionary idea combines Web3.0 and OAuth allowing the user to use identity mechanisms such as google and twitter in order to obtain an address. This will allow Reef to add an abstraction layer which reduces the technical barrier of entry bringing us one step closer to achieve our goal.
Why Torus
Torus allows for reliable account recovery. The platform allows for no more complicated seed phrases and the product allows for traditional account recovery systems that allow users to recover their account via email/social login. In this way, Reef Finance will no longer have to worry about users who may lose access to their accounts.
“Torus shares similar values with Reef Finance in allowing users to seamlessly onboard in order to promote better user experience” said CEO of Reef Finance Denko Mancheski.
Reef will work closely with the Torus Wallet team to bring mainstream adoption for DeFi.
With Torus, Reef Finance can make cross chain DeFi a reality today.
About Reef
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 CEXes and DEXes while offering smart lending, borrowing, staking, mining through AI driven personalized Reef Yield Engine.
For more information about Reef, or to join our team, Please contact us at: info@reef.finance
Learn about Reef’s recent official news:
Twitter: @ReefDeFi
Telegram: https://t.me/reefdefi
