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Understanding Reef in Three Minutes: From Liquidity Aggregation to DeFi One-Stop Solution



Reef is the first cross-chain DeFi operating system built on Polkadot - a permissionless smart liquidity aggregator and yield engine that any financial center can integrate into. Unlike other DeFi operating platforms, Reef integrates CEX and DEX, allowing traders to obtain liquidity transactions from both CEX and DEX. In addition, Reef also provides intelligent lending, borrowing, staking and mining services through the AI-driven personalized Reef Yield Engine.

With the support of Polkadot, it shares its security model with the ecosystem and achieves cross-chain integration across top DeFi protocols. Reef's technical barriers are extremely low, allowing retail investors to enter the DeFi field. At the same time, Reef can be based on user The risk level extends the decision-making process.

Co-founder of Rabbithole: Found that nearly one-third of users are robots, XP data will be removed: On March 25th, Brian Flynn, co-founder of the chain incentive platform Rabbithole, tweeted that the project decided to remove users who completed tasks to obtain XP data, because it was found that nearly one-third of users who completed tasks were bots, and this gamified mechanism led to the platform being flooded with mercenaries and airdrop hunters.

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The Decentralized Finance (DeFi) industry has introduced the most advanced financial elements. Products such as Curve have aggregated some mature methods in the traditional financial market into one platform, enabling users to benefit from a variety of financial protocols. But the platforms themselves remained islands, with users locked into the few products they aggregated, which raised a host of new questions:

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1. The total amount of funds of users is limited, so in most cases individual investors will only use a few DeFi products at the same time, and the stickiness of the project itself is relatively low, which leads to unsustainable liquidity and yield of DeFi products. 2. DeFi projects continue to create new abstract concepts every day, and the complexity of the project makes users less willing to pursue new ones. 3. At present, most users in this industry still choose to trade on centralized exchanges, and the projects covered by centralized exchanges are limited, so there are many high-quality projects on DeFi that are difficult for users of centralized exchanges to touch.

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Reef is committed to creating a seamless and convenient onboarding process for users, and providing users with a one-stop portable solution to easily access the DeFi ecosystem. Reef has developed Yield Engine, a set of AI-driven personalized algorithms that enable smart lending, lending, staking, and mining to maximize user profits.

Reef has off-chain client integrations with CEXs through partnerships with brokers and on-chain integrations with DEXs:

Reef will launch Infinity Swaps, an innovative service based on DEX's on-chain order book and smart contract liquidity pool. Infinity Swaps builds on Uniswap and Curve and uses reserve assets for other lending protocols, providing virtually unlimited liquidity and extremely low slippage.

Analysis | Nearly a third of $1 billion in BTC transfers can be traced to Huobi: Crypto data analysis after analysis of a ~$1 billion Bitcoin transfer that occurred earlier today The company TokenAnalyst pointed out that at least one-third of the sending addresses can be traced back to Huobi Global. According to the analysis, the only credible explanation is that Huobi is sorting out funds. But so far, Huobi has not responded on its Twitter or website. [2019/9/6]

Reef accesses CEX liquidity by using the brokerage services of financial services companies such as Tagomi, Caspian or Quantreq. Prime brokerage services are provided by financial services firms to institutional clients, providing services such as order execution, leveraged trade execution, securities lending, and other bundled financial services.

Therefore, according to the allocation scale, Reef can find the optimal channel for user requests, and obtain the best pricing while reducing slippage. This provides maximum capital efficiency and increasing asset liquidity for the entire ecosystem.

Reef's vision is to provide users with a one-stop portable solution to participate in DeFi.

First of all, users can set the target pool and risk preference according to their personal preferences, and Reef will generate a corresponding investment portfolio based on this, and display the composition and historical performance of the investment portfolio to the user.

Secondly, users can complete the fund allocation with one click after setting the investment amount, and Reef will help users complete a series of complicated investment processes.

In order to make it easier for new users who are relatively unfamiliar with cryptocurrencies to understand and participate in the DeFi market, Reef also supports fiat currency by adding a FIAT gateway. In addition, Reef will also provide some guides to help new users understand how the product works and the risks that users need to take.

Denko Mancheski, CEO of Reef, joined VERTEX BROADCAST SOLUTION in 2010 and worked for 2 ERP vendors for 4 years, building some modules and mobile applications that are still used today. Started in 2015 and spent more than two years at Better, one of the largest healthcare platform providers in Europe, leading the team building a complex application for OpenEHR standard healthcare data modeling. In 2016, Denko entered the field of cryptocurrency and started to develop blockchain technology, participated in the development of Solidity language programming (Ethereum), Steem and some EOS. Starting in 2017, he collaborated with developers and worked together on the blockchain project Viewly. In January of this year, they decided to focus on DeFi and founded Reef.

In addition, other members of the Reef core team also have a solid background in smart contract development, and have extensive development experience based on Polkadot.

Reef is characterized by being completely unregulated, so everything can be tracked and viewed on the blockchain (Reef will provide users with easy-to-monitor dashboard tools). Reef is currently undergoing smart contract audits by several security companies. In addition, Reef has also added program restrictions and emergency functions to smart contracts. The team hopes to avoid risks by properly using some risk control designs.

The official roadmap released by Reef shows that the team will successively complete important plans such as smart asset management, multi-ecological support, building a DAO governance model, and completing deployment on the Polkadot chain in the first quarter of 2021. After that, Fiat gateway integration will be promoted and Reef's mobile app products will be launched, etc.

DeFi is reshaping the financial market in the world of cryptocurrencies, and the solution proposed by Reef has become a bridge connecting the islands of various projects in the DeFi world. The future of aggregation and even the entire DeFi ecosystem points to a new path.


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Understanding Reef in Three Minutes: From Liquidity Aggregation to DeFi One-Stop Solution

Reef is the first cross-chain DeFi operating system built on Polkadot - a permissionless smart liquidity aggregator and yield engine that any financial center can integrate into. Unlike other DeFi operating platforms.

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