Reef Finance is integrating with Avalanche to allow for users to access decentralized finance (DeFi) applications in the Avalanche ecosystem directly through Reef’s platform.
Managing all of the trading opportunities within crypto, and specifically in DeFi, is hectic. Every day, new apps and opportunities are made available. Without aggregation solutions, successfully participating in all of DeFi is an impossible task.
Today, DeFi users have to go to individual projects’ apps. If you want to lend assets, you use one app. If you want to trade derivatives, you use another. With each new use case, users are forced to connect their wallets for every new app they would like to use. Every app features different user experiences: some require just one smart contract approval, while others require multiple approvals. The overwhelming burden of choice creates a less-than-ideal user experience for DeFi.
Reef and Avalanche Simplifying DeFi
Reef is the first cross-chain DeFi operating system, with a smart liquidity aggregator enabling traders to access liquidity from both centralized and decentralized exchanges. In addition to the smart liquidity aggregator, Reef also provides a range of portfolio baskets containing different DeFi products, while the AI-driven Reef yield engine curates personalized investment recommendations to users.
Smart, risk-adjusted aggregation is at the core of Reef’s product ethos. If you want to trade across different blockchains and trading venues, you can with Reef. Interested in getting exposure to DeFi without the hassle of managing every single app. Reef is also an ideal solution. One-click and you’re instantly exposed to multiple DeFi products.
The analytics engine ties everything together. The more activity that occurs on-chain, the better the engine becomes. Once this feature is live, users will also be able to customize their strategies based on how much risk they are willing to take. Reef will report yield expectations versus risk for all of its aggregated products.
Avalanche is the newest blockchain platform that Reef is integrating, alongside Ethereum and Binance Smart Chain. DeFi users interested in a seamless experience will be able to use all solutions across these blockchains.
Avalanche is an interoperable, highly scalable, open-source ecosystem for launching decentralized applications and enterprise blockchain deployments. Avalanche confirms transactions in under 1 second with fees less than a cent.
Upon launch of the Avalanche-Ethereum Bridge, DeFi users will be able to leverage the fast transaction speed and low costs of Avalanche. Currently, Avalanche’s Ethereum Virtual Machine (EVM) processes transactions at 470 nAVAX (0.000000470 AVAX). The inability to move assets and use apps due to high gas costs will be a thing of the past.
Avalanche Expanding Reef’s Capabilities
Reef will support AVAX affiliated tokens and financial primitives through the basket engine, providing users with more investment opportunities. Reef users will also be able to channel capital into Avalanche, to maximize savings and earn higher interest in stable currencies based on AVAX through the stablecoin yield farming basket.
Reef aims to provide users with access to the best liquidity sources, and the partnership with the Avalanche ecosystem helps us achieve another milestone in the same path.
“Reef’s users will be able to seamlessly invest in baskets of cryptocurrencies and DeFi activities running on Avalanche,” said Denko Mancheski CEO of Reef Finance.
Reef is planning to roll out initial features beginning in early Q1 2021. Please stay tuned!
Avalanche is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Developers who build on Avalanche can easily create powerful, reliable, and secure applications and custom blockchain networks with complex rulesets or build on existing private or public subnets.
Reef is the first cross-chain DeFi operating system. 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.
For more information about Reef, or to join our team, please contact us at: [email protected]