While centralized exchanges (CEX) are isolated and prone to breaches, decentralized exchanges (DEX) have little liquidity and are difficult to use. Neither of them integrates with the DeFi ecosystem directly, forcing daily traders to struggle and manually stitch up the most profitable transaction pathways, while pushing large investors towards OTC desks where they are dealt suboptimal yields.
Reef is a DeFi operating system, smart liquidity aggregator, and yield engine
that resolves these issues by connecting crypto asset buyers and sellers to liquidity pools in exchanges and the DeFi ecosystem, and streamlines crypto asset
management though an AI-driven trading engine that maximizes yield within
each risk category.
Reef delivers on the promise of smarter crypto trading through two major
components and enables:
• Trading of assets via the Global Liquidity Aggregator with access to liquidity from both centralized exchanges and DEX’s;
• Smart lending, borrowing, staking, mining through the AI-driven personalized Reef Smart Yield Farming Aggregator.
Reef does not require the user to give away their private keys, and operates
under Polkadot’s shared security model, ensuring high resilience and forkless
upgradability. Reef is a non-custodial, decentralized network governed entirely by Reef token holders via a Decentralized Autonomous Organization (DAO) to achieve a transparent future: a future based on more truth and less trust.
There are three major components on Reef which include:
Global Liquidity Aggregator
Smart Yield Farming Aggregator
Smart Asset Management.
These three components complement each other and provide users with a one-stop shop for
DeFi related services.
Global Liquidity Aggregator:
There are many existing liquidity aggregators currently in the market, but most of them either trade through centralized exchanges, such as Binance and Huobi, or through DEX’s, such as Uniswap and Balancer.Smart Yield Farming Aggregator:
The second major component of Reef Protocol is the machine learning and AI-powered DeFi Smart Yield Farming Aggregator.Smart Asset Management:
The third aspect of Reef that sets the platform apart is a set of powerful portfolio management features available to the users, acting as a complement to Reef Global Liquidity Aggregator and Smart Yield Farming Aggregator.
Advantages of Building Reef on Polkadot.
True Interoperability: Polkadot’s unique architecture compartmentalizing
"canonicality" and "validity" allows many divergent consensus protocols, open
and closed networks to achieve interoperability, including between centralized liquidity providers and decentralized liquidity providers.Flexible and Open Source Underlying Architecture Polkadot is powered
by Substrate, a fully open source infrastructure project that can be used to build
Polkadot compatible blockchains.Economic and Transactional Scalability Polkadot is built to be scalable from the ground up, compared to first generation Smart Contract platforms such as Ethereum 1.0 that has experienced severe network congestion issues, causing security vulnerabilities and irregular market behaviors.
- Decentralized Governance Polkadot’s governance system is a DAO where
all stakeholders have a voice. Upgrades to the network are coordinated on-chain
and enacted autonomously, ensuring that Polkadot’s development reflects the
values of the community and avoids stagnation.
Token
Reef platform has its own native utility token called Reef token($Reef) .This
token is central to the incentive structure of the Reef Protocol, as well as its
governance.
Staking and Governance
Reef tokens will be used for staking as a representation of voting power, and for determining the distribution of staking fees.
Yield Distribution
Yield rewards will be divided between platform users and the protocol itself.
Initial Token Price The initial token price will be determined based on
fundraising and the valuation.
Website: https://reef.finance/
Telegram: t.me/reefdefi
Twitter: https://twitter.com/reefdefi