Hello Everyone, I am Ekereke Precious, a blockchain enthusiast and content creator who has been in the blockchain sphere for over three years now. In this article, I will be talking mainly about Reef DeFi and few of it’s partnerships that happened in the last 24 hours.


There have been quite a few partnership on the Reef DeFi Ecosystem evolving so many updates an utilities tool built on Reef.


This article will be a detailed summary on the comprehensive report of all partnership and announcement.





PARASWAP


Paraswap aggregates multiple decentralized exchanges into one place so that the rates often beat the market price. Paraswap splits orders across multiple exchanges into one optimized and secure transaction. Paraswap also uses GasToken.io (GST2), when possible, so that network fees are cheaper.


Paraswap is the fastest liquidity aggregator with the best and most gas efficient prices.


StaFi Protocol


Stafi_Protocol is the first DeFi protocol which unlocks liquidity of staked assets, by letting users stake PoS tokens through StaFi’s Staking Contracts and receive rTokens (reward-Token) in return. These rTokens are available for trading while still allowing the user to earn the original staking rewards.


Its partnership with Stafi_Protocol will help Reef users to hedge against market volatility by making the staked assets liquid, while still earning the DeFi rewards that are available through Reef’s machine learning and AI powered DeFi Smart Yield Farming engine.


Darwinia


DARWINIA is a cross-chain interoperability bridge solution and a parachain of Polkadot focused on cross-chain token trading. The technology provides support for cross-chain communication and a decentralized cross-chain transaction protocol.


DARWINIA partnership with Reef DeFi is to focus on the construction of future Internet of Tokens, including decentralized tokens swapping, exchanging and market making.


Covalent


Covalent is the absolute richest blockchain data on the Internet. It currently provides 25 billion rich transactions indexed including every transaction since genesis including 30,000 price feeds for fiat and crypto pairs, 200K smart contracts available with internal data structures for querying and a 30-second refresh rate.


Covalent partnership with Reef will provide a unified API to bring full transparency and visibility to assets across all blockchain networks and we will use this API to provide Reef users with more advanced portfolio analytics.


Kava Labs


Kava Labs is the first DeFi project on the Cosmos ecosystem and focuses on providing interoperability to DeFi. Kava Labs platform provides cross-chain DeFi opportunities, collateralized stablecoin loans, and real-time price feeds through Chainlink’s oracle network.


Kava’s partnership with Reef will provides collateralized loans in the form of Kava’s stablecoin USDX, in return for cryptocurrencies from different blockchains, including BTC, ETH, XRP, BNB, ATOM, and so on.


For More Information about Reef Finance:


Website: https://reef.finance/


Telegram Group: https://t.me/reefdefi


Twitter: https://twitter.com/reefdefi


Medium: https://medium.com/reef-finance

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