Contents<\/p>
- 1<\/span> What is Reef?<\/a><\/li>
- 2<\/span> Reef History<\/a><\/li>
- 3<\/span> Why Polkadot?<\/a><\/li>
- 4<\/span> What Makes Reef Unique?<\/a><\/li>
- 5<\/span> Three Major Features or Components of Reef<\/a>
- 5.1<\/span> Liquidity Aggregator<\/a><\/li>
- 5.2<\/span> Smart Yield Farming Engine<\/a><\/li>
- 5.3<\/span> Smart Asset Management<\/a><\/li><\/ul><\/li>
- 6<\/span> The REEF Token<\/a>
- 6.1<\/span> Governance<\/a><\/li>
- 6.2<\/span> Protocol fees<\/a><\/li>
- 6.3<\/span> Staking<\/a><\/li>
- 6.4<\/span> Yield Distribution<\/a><\/li><\/ul><\/li>
- 7<\/span> Where to Buy REEF Tokens?<\/a><\/li>
- 8<\/span> Storing REEF Tokens<\/a><\/li>
- 9<\/span> Reef Partnerships<\/a><\/li>
- 10<\/span> Roadmap<\/a><\/li>
- 11<\/span> Reef Review Conclusion<\/a><\/li><\/ul><\/div>\n
What is Reef?<\/strong><\/span><\/h2>\n
The Reef is a Defi protocol that runs on the Polkadot blockchain as a liquidity aggregator and multi-chain yield engine. Reef gives users access to most of the Defi services on several projects just in a single platform.<\/p>\n
Thus, Reef is like a One-Stop-Shop for you to get cryptocurrency products and services without visiting other Defi applications. Through its interface, you can easily access other DEX via smart contracts.<\/p>\n
The protocol gives non-stop availability of liquidity by tapping from other sources. It makes the aggregate through the use of smart contracts.<\/p>\n
So, there no third-party control in the flow. Also, as a yield engine, the protocol very practical in its functions. It makes a connection between crypto trades with several liquidity pools from exchanges and other Defi ecosystems.<\/p>\n
The reef is based in Polkadot. This gives you a faster transaction rate than on Ethereum. Also, running on Polkadot makes the protocol more affordable to the users. This is because you won’t face the high transaction fees obtainable in Ethereum through the use of ETH 2.0.<\/p>\n
The platform is non-custodial, which lifts the trouble of private keys from users. Being Polkadot-based offers an extra security grid on the protocol from attacks. There\u2019s a very low possibility of losing money from the platform.<\/p>\n
The protocol is the first Polkadot project to be launched on Binance Launchpool. The reef has gained much popularity by having cross-chain integrations with some Defi projects. In addition, the platform has an AI-driven management function for cryptocurrency available for beginners.<\/p>\n
This service synchronizes with the possible risk categories that match the financial objectives of a user.\u00a0 You can also customize this service.<\/p>\n
Reef History<\/strong><\/span><\/h2>\n
The CEO and co-founder, Denko Mancheski, established Reef in 2019. He and the other developers launched the protocol on Polkadot\u2019s blockchain in September 2020.<\/p>\n
A subsequent launch on Binance Launchpool followed in December 2020. This Binance launching creates the availability of the project on the Binance Smart Chain.<\/p>\n
The protocol made some processes and now integrates with several other projects based on Polkadot and Ethereum blockchains. Thus, Reef has opened a platform for interoperability between Defi projects and applications for users through its several integrations.<\/p>\n
Why Polkadot?<\/strong><\/span><\/h2>\n
Polkadot is a blockchain or exchange that permits the transfer of arbitrary tokens and data through other blockchains. Usually referred to as the \u2018Blockchain of Blockchains,’ Polkadot stands as the fourth largest crypto protocol by market capitalization.<\/p>\n
The co-founder of Ethereum, Dr. Gavin Woods, founded Polkadot. This project is an ecosystem that uses the shared network of security and resources of the Polkadot framework.<\/p>\n
The entire ecosystem of Polkadot rotates on the Relay Chain. It ensures cross-chain interoperability and security for the Polkadot network. Also, the parathreads and parachains are connected to the Relay Chain. While the parachains are larger, the parathreads are smaller blockchains.<\/p>\n
These blockchains can create unique functionalities, governance structures, and tokens. Also, through Polkadot, developers make connections to other blockchains like Bitcoin and Ethereum.<\/p>\n
By running on Polkadot, Reef gives its users leverage on transaction speed and cost. This\u2019s because most crypto users know that the huge traffic on the Ethereum blockchain results in long transaction times and high fees.<\/p>\n
However, by running on the Polkadot blockchain, Reef scales through these issues. There\u2019s no network congestion, thanks to parachain\u2019s independence. The blockchain also enables Reef cross-chain interoperability using the \u2018Bridge\u2019 protocol. So Reef can present a single interface for its users by aggregating the services and products from other networks.<\/p>\n
Also, by sharing Polkadot operated security model, the Reef network has a strong security platform. This enables upgrades without forks and makes the network more pliable. The REEF token holders govern the network\u2019s DAO (decentralized autonomous organization).<\/p>\n
What Makes Reef Unique?<\/strong><\/span><\/h2>\n
Reef profits both beginners and the old users of decentralized finance. The network comes as a help to combat every difficulty in keeping up with outstanding investment strategies. Before the advent of Reef, some Defi protocols are almost \u2018unusable\u2019 due to high fees on the Ethereum blockchain. Reef then steps in to address this high fee.<\/p>\n
Also, one of the unique attributes of Reef is its easy integration with other Defi protocols and projects for interoperability. Just with a single click, a user can enter or exit his chosen position. So the network as a liquidity aggregator eliminates the stress in managing tokens for the liquidity pool.<\/p>\n
Reef supports decentralized finance protocols on several blockchains being built on Polkadot. Some of the blockchains include Moonbean, Plasma, Ethereum, Avalanche, and the Binance Smart Chain.<\/p>\n
So without multiple accounts, users can easily access different platforms just from the Reef network. This saves the users the problem of keeping track of numerous passwords and usernames for multiple accounts.<\/p>\n
Three Major Features or Components of Reef<\/strong><\/span><\/h2>\n
Some of the characteristics or features Reef include:<\/p>\n
Liquidity Aggregator<\/strong><\/span><\/h3>\n
Are you wondering why you should use Reef among the several decentralized finance exchanges and protocols? One of such outstanding reasons for sticking with Reef is because it globally aggregates liquidity.<\/p>\n
Not only does the protocol brings a connection to DEXs, but it also connects even some centralized exchanges. So on the platform, users can conveniently trade their cryptocurrencies through liquidity pools trapped from both decentralized and centralized exchanges.<\/p>\n
Also, Reef is an autonomous protocol that is compatible with several Defi protocols. So through cross-chain integration, the platform gives its users a wide range of services in a single platform.<\/p>\n
As a liquidity aggregator, Reef offers the following to its users:<\/p>\n
- \n
- DEX liquidity<\/li>\n
- CEX liquidity<\/li>\n
- Decentralized Swap<\/li>\n
- Low transaction fees<\/li>\n
- High-efficiency<\/li>\n<\/ul>\n
Smart Yield Farming Engine<\/strong><\/span><\/h3>\n
Reef has an AI and machine learning function that controls its smart Yielding farming feature. Through its recent growth as a Defi yield engine, Reef attracts top players such as Rari Capital, Zapper, etc. In addition, reef allows fund managers and retail investors easy access into the Defi ecosystem through yield farming.<\/p>\n
The Reef has several available assets such as stable coins, hybrid tokens, and synthetic tokens. These assets have both lending and borrowing autonomous capabilities. They also get support from the APR that the DAO voting controls. Users’ liquidity assets provide the needed collaterals for lending on the Reef platform.<\/p>\n
Also, as the top yield in liquidity farming, Reef clears out the Defi ecosystem. This gives the users of the platform the ease they need. Furthermore, by integrating with some Defi insurance protocols like Opyn, Nexus, Etherisc, etc., users of the platform get financial insurance services.<\/p>\n
As a yield engine, Reef offers the following features to its users:<\/p>\n
- \n
- Smart routing<\/li>\n
- strategy<\/li>\n<\/ul>\n
Smart Asset Management<\/strong><\/span><\/h3>\n
This feature is a complement to both the liquidity and yield farming aggregating features of Reef. Smart asset management of the protocol puts the users to be in control of the assets instead. Thus, the assets are not stored on the platform.<\/p>\n
Also, as there is a need for a constant rebalancing of asset allocation on Defi markets due to innovative changes, users rebalance through adjusting their asset allocations through the Reef platform.<\/p>\n
The adjustment is between the users’ baskets in Defi products through a UI from their computers or mobile device. For easy decision takings, users can lean on the recommendations from the AI engine.<\/p>\n
The REEF Token<\/strong><\/span><\/h2>\n
The native and utility token for Reef is the REEF. In September 2020, through a private sale, the token generated $3.9 million at $0.0009 and later $0.00125 per token. The token continued in an upward surge to $0.02792 in December 2020.<\/p>\n
- 6.2<\/span> Protocol fees<\/a><\/li>
- 5.2<\/span> Smart Yield Farming Engine<\/a><\/li>
- 2<\/span> Reef History<\/a><\/li>
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