Reef Finance is based on different Blockchain Polkadot smart contracts and has as main component an engine called the shopping cart engine, through which it is possible to access different cross-chain DeFi strategies with just one click.
It is based on Polkadot due to its security and ease of working with other blockchains, but as already mentioned, Reef is also cross-chain and uses other chains such as Ethereum, Binance Smart Chain, Plasm, Moonbeam and Avalanche (which is gaining momentum in recent days).
By taking advantage of all these different blockchains, yield farming becomes easier and more profitable for everyone.
In terms of liquidity, Reef Finance is able to aggregate the liquidity of any exchange, whether centralized or decentralized.
For example, Reef can use cash from Kraken, Binance, Coinbase but also from DEX such as AirSwap, Uniswap, Kyber Network, etc.
Why always have a war between CEXs and DEXs when we can leverage both to make the crypto world perfect?
In a nutshell, Reef is all you need to think about DeFi and Polkadot.
The product is still new but it already has a great track record that will certainly take it to the top of the Polkadot ecosystem. We specify that the CEO is a public figure and that the protocol has passed several audits, so, for the moment, there should be no security problem or risk of disappearance of the team (as has often happened produced in recent months in the DeFi world). Reef also launched its own governance token, $ REEF, using Binance's Launchpad.
Reef Token is exchangeable on various exchanges such as Binance, Huobi Global, Gate.io, Poloniex, CoinBene, Uniswap, PancakeSwap, Bilaxy etc.
Between the two chains (Binance Smart Chain and Ethereum), it has a total of 100 billion units.
At the moment, there are less than 6 billion tokens in circulation and the price is around 4 cents.
According to data reported on CoinGecko, the lowest price Reef reached was only 0.0066 cents (January 13), while the highest price was 0.05 cents (December 29). Fortunately, the market now looks pretty strong, so we expect more ATHs in the coming days.
Having REEF tokens is useful for actively participating in the governance of the project but also for protocol fees, staking and yield distribution.
This token is recommended for anyone who believes in DeFi and the Polkadot blockchain. This could be one of Polkadot's TOP products for years to come.
You can follow me in twitter for information on this token -->> https://www.twitter.com/JeromeDeletraz