Reef Finance has Partnered with Ethereum L2 Solution Provider Matic Network to Bring to Life Cross-Chain DeFi Applications
Matic Network massively scales the Ethereum network by settling transactions through sidechains, providing much faster and much cheaper transactions with finality on the main Ethereum chain.
Reef Finance will use Matic’s technology to massively scale its DeFi platform, and offer users a smooth, fast and secure user experience like none other.
The partnership will also open the doorway to the interoperability of Ethereum’s layer-2 with the Polkadot network.
Matic massively scales Ethereum, and this interoperability bridge will create a highly scalable cross-chain channel between Ethereum L2 and Polkadot. The bridge can be deployed on multiple parachains, and can eventually become a parachain itself, allowing Matic to connect to multiple parachains.
Read more: https://reefdefi.medium.com/reef-finance-is-collaborating-with-l2-solution-provider-matic-to-bring-to-life-cross-chain-defi-68dd53b15f5b
Matic Network brings massive scale to Ethereum using an adapted version of Plasma with PoS based side chains.