Value proposition of the Lendefi-Reef relationshipThe operation of Lendefi’s protocol on the Reef Chain demonstrates an alignment of development goals within the DeFi environment. Reef’s vision for a decentralized network based upon independent nodes, mirrors Lendefi’s vision for a lending system based on a DAO principle. As both projects grow towards greater decentralization, they are building the foundations for the future of DeFi. The operation of Lendefi’s lending protocol on Reef Chain will feature: ● A lending pool operating on the Reef Chain. ● A bridge to facilitate the conversion of ERC-20 and BEP-20 tokens to REEF-20. ● An interoperable smart DAO. In line with their agile development roadmap Lendefi’s protocol will soon achieve their Mainnet deployment milestone. The development of both projects is in alignment with Reef’s aim to deploy DeFi primitives within their ecosystem in the coming months. “Reef’s chain will provide the true decentralization the Lendefi protocol needs to execute our DAO vision. An alignment of visions provides the foundation for a symbiotic relationship between our technologies.” – Scott Schulz, Lendefi CEO “Lendefi’s innovative protocol is the first of its kind to deliver undercollateralized loans for digital assets. The potential for growth in this market is significant and we are happy to have Lendefi onboard Reef Chain” – Denko Mancheski, Reef CEO Lendefi intends to commence work on the Reef chain and is looking for development talent to join us. If you’re a full stack developer with experience in blockchain apply here.
About Lendefi FinanceLendefi is an innovative new protocol that facilitates leveraged trading through undercollateralized secured loans for digital assets. The Lendefi protocol enables the creation of leveraged investment positions within the DeFi environment. A trustless relationship between lender and borrower is delivered which is managed through the protocol, to remove counterparty risk. Learn about Lendefi’s recent official news: I Website I Twitter I Telegram I
About Reef FinanceReef Finance is building Reef Chain, a DeFi blockchain built using Substrate Framework. Reef Chain provides high scalability, enabling almost instant low-cost transactions. Reef Chain supports Solidity and EVM, allowing developers to seamlessly migrate their DApps from Ethereum without any change in the codebase. Reef Finance’s vision is to make it easy to invest in DeFi and to build DeFi applications on top of Reef Chain. Learn about Reef’s recent official news: I Website I Twitter I Telegram I
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