Reef Finance (REEF)

From CryptoWiki

 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: Its own Reef Chain on Polkadot
  • Programming language used:

Transaction Details

How it works

Staking

Liquidity Mining

Scaling

Different Implementations

Interoperability

Other Details

Oracle Method

Their Other Projects

Roadmap

  • Can be found [Insert link here].

Usage

Projects that use or built on it

Competition

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

  • 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 

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