Reef Finance (REEF)

 Basics

• Announced on:
• Mainnet release:
• Based in:
• Cross-chain DeFi operating system built on Polkadot.
• From this blog (23-11-2020):

"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."

Token

Launch

• Went live on Binance Launchpool in Dec 2020.

Technology

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

Transaction Details

• Capacity (TPS):
• Latency:

Roadmap

• Can be found [Insert link here].

Pros and Cons

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

• Launched a $20M ecosystem fund, $10M of which will be given to Middle Eastern Web3 projects building on Reef Chain (15-5-2023).
• 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 

• Partnered with Kava (23-11-2020):

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

• Works together with StaFi to let liquid stake tokens also earn yield.
• Partnered with Tron to "help build its DeFi ecosystem." (18-2-2021)