Reef Finance — Quick Take

Tiuri Ventures
3 min readMar 7, 2021
Source: Reef Finance

The article tries to explain the Reef Finance project in a brief and easy way. The article is not investment advice and will disappoint everyone looking for technical details. The aim is to give a quick overview of the project.

In essence the Reef Finance project tries to be the “one stop shop” for the DeFi investor resolving the cumbersome current access to the fragmented DeFi space. Reef Finance aims to offer access to liquidity from centralized exchanges (CEX) and decentralized exchanges (DEX), offering smart loans, borrowing, stacking through an AI-driven reef engine.

Why is Reef Finance Interesting?

What makes it interesting is the DeFi all-in-one approach. It combines a variety of DeFi protocols such as Uniswap, Compound, Aave, and Synthetix. So that users can benefit from many features simultaneously while using a single platform. This is the first cross-chain decentralized finance OS (Operating System) to the prior of our knowledge.

Three core use cases of Reef Finance are;

  • Trading crypto assets using the CEX and DEX liquidity aggregator
  • Lend / borrow via Reef Finance yield engine
  • Optimize asset allocation via AI Asset Management engine

Who is the team behind Reef Finance?

Denko Mancheski has established the Reef Finance project. He is the co-founder and CEO. In an interview, Denko Mancheski said that there are 12 team members in the Reef Finance project. More than half of the team members are engineers. According to the interview, the Reef Finance team is growing fast and expanding its global footprint to Singapore & Dubai.

What is the main purpose of the Reef token?

The main purpose of the Reef Finance token is to vote on polling suggestions or proposals (i.e. Governance). At the same time, the token is used to pay fees for several operations, comprising adjustment and redeployment of resources or assets. The current maximum token supply is 20B.

Who are the investors in the project?

Among the main investors in the Reef Finance project are Kinetic Capital, AU21 Capital…

Tiuri Ventures

Tiuri Ventures focuses on investments in the #crypto space. The information and publications do not constitute financial / investment advice #bitcoin