Reef Finance (REEF)

From CryptoWiki

Revision as of 03:42, 17 March 2021 by wiki_crypto>Zeb.dyor (→‎Cons)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

 Basics

"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."

History

Token

Launch

Token allocation

Utility

Token Details

Stablecoin

Technology

  • Whitepaper can be found [insert here].
  • Code can be viewed [insert here].
  • Built on: Polkadot
  • Programming language used:

Transaction Details

How it works

Mining

Staking

Liquidity Mining

Layer Two

Different Implementations

Interoperability

Other Details

Privacy Method being used

Compliance

Oracle Method being used

Their Other Projects

DEX

Governance

DAO

Treasury

Upgrades

Roadmap

  • Can be found [Insert link here].

Audits

Bugs/Hacks

Usage

Projects that use or built on it

Competition

Coin Distribution

Pros and Cons

Pros

Cons

  • Showed inexperience and lack of professionalism during the Alameda OTC debacle (17-3-2021).

Team, Funding, Partnerships, etc.

Team

  • Full team can be found [here].
  • Denko Mancheski; CEO

Funding

  • Reef Finance; Alameda Research bought $20 million in REEF tokens according Reef (12-3-2021). Turned into a shit show in which both sides blamed each other (16-3-2021).

Partners 

"The cooperation will bring Kava’s collateralized loans, USDX stablecoins, HARD Protocol and other highly attractive yield opportunities to Reef users."