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“Reef was born from the current problems in the DeFi landscape,” Denko Mancheski, CEO at Reef Finance

Reef Finance allows users to trade on centralized and decentralized exchanges, with support for multiple blockchain platforms. The DeFi protocol runs on top of Polkadot, and allows users to lend, borrow, stake and mine their assets—and earn rewards for doing so. But crucially, it wants to provide a one-stop shop for anyone who wants to experiment with DeFi.

Reef Finance’s goal is to make it much easier for anyone to access this nascent industry and to try some of the experimental projects and tokens on offer.

“Our job as a global development community is to abstract away complexities,” Mancheski said, adding that “from a technical point of view, we’re moving towards being able to onboard a simple non-tech savvy user.” 

However, since the majority of DeFi runs on Ethereum, a fact that’s partially responsible for its high transaction fees, Reef Finance will integrate with all of its protocols. But it wants to provide much wider access to DeFi ecosystems on other blockchains—and create a truly decentralized ecosystem.

https://youtu.be/eRyFPC4LGgA

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