Reef Finance (REEF)
Polkadot-based Multi-Chain Smart Yield Engine & Liquidity Aggregator.- Reef Finance is a multi-chain smart yield engine & liquidity aggregator for any DeFi protocol to integrate with.
- Reef Finance gives retail investors access to the DeFi landscape with a low technical entry barrier while at the same time augments the decision making process based on users' risk levels.
- REEF is the native utility token of Reef Finance with the following use cases:
- Governance: vote on different proposals such as releasing new features and re-adjusting certain parameters in the system;
- Protocol Fees: pay fees for operations such as entering/exiting an allocation basket, reallocation, rebalancing and other activities;
- Staking: stake into various pools to earn interests with preferred APR;
- Yield Distribution: choose the payout ratio of the profit generated by the activities in your allocation basket.
Key metrics (as at December 22nd 2020)
| Ticker | REEF |
|---|---|
| Token Type | BEP-20 and ERC-20 |
| Binance Launchpool Start Date | December 23rd 2020 |
| Binance Launchpool Allocation | 600,000,000 REEF (3.00%) |
| Initial Circ. Supply | 3,965,900,953 REEF (19.83%) |
| Total Token Supply | 20,000,000,000 REEF |
1. What is Reef Finance (REEF)?
Reef Finance (“Reef”) is a multi-chain smart yield engine and liquidity aggregator where any DeFi protocol can integrate into. Powered by Polkadot, it shares its security model with the ecosystem, and enables cross-chain integrations across various DeFi protocols. Reef gives retail investors access to the DeFi landscape with a low technical entry barrier while at the same time augments the decision making process based on users' risk levels.
Reef's infrastructure is a chain of multiple smart contracts composing and integrating on top of the ecosystem. This entry component is called a basket engine which communicates with the liquidity aggregator and the analytics engine. It allows the user to invest/divest into multiple DeFi platforms with a single click and reduces the necessity to manage the outputs of the activities manually (e.g. LP tokens). The engine is being extended to support insurance cover of the basket and multi-hop strategies. The infrastructure will support multiple chains including Ethereum, Binance Smart Chain, Plasm, Moonbeam and Avalanche. This will allow users access to a large number of DeFi platforms.
The REEF token is a utility token used to vote on different proposals such as releasing new features, readjusting certain parameters in the system and more. Besides governance, the token can also be used to pay protocol fees.
2. Recent news
- December 2020: Halborn completed Reef Finance security audit.
- December 2020: Reef Finance joined the Polkadot DeFi Alliance.
- November 2020: Announced Binance Access Integration.
- November 2020: Announced the Reef Ranger Ambassador Program.
- September 2020: Reef Finance will integrate Chainlink price feeds to power its cross-chain DeFi platform.
3. Economics and supply
3.1 Token sales data
| Token Name | REEF |
|---|---|
| Seed Sale Allocation | 1,428,571,429 REEF |
| Seed Sale Token Price | 0.00070 USD / REEF |
| Seed Sale Amount Raised | 1,000,000 USD |
| Strategic Sale Allocation | 1,666,666,667 REEF |
| Strategic Sale Token Price | 0.00090 USD / REEF |
| Strategic Sale Amount Raised | 1,500,000 USD |
| Private Sale Allocation | 1,120,000,000 REEF |
| Private Sale Token Price | 0.00125 USD / REEF |
| Private Sale Amount Raised | 1,400,000 USD |
3.2 Token allocation
| Token Name | REEF |
|---|---|
| Binance Launchpool | 3.00% of the total token supply |
| Seed Sale | 7.14% of the total token supply |
| Strategic Sale | 8.33% of the total token supply |
| Private Sale | 5.60% of the total token supply |
| Team | 16.00% of the total token supply |
| Ecosystem Development | 12.40% of the total token supply |
| Protocol Emissions & Liquidity Rewards | 29.96% of the total token supply |
| Foundation | 17.57% of the total token supply |
REEF token allocation
REEF token release schedule
4. Reef Finance's community overview
Reef Finance has regional communities in the US, China, Korea, and Vietnam. The project has plans to extend their reach to other markets globally as the project gains more popularity.
Current community growth strategies of Reef Finance include:
- Expanding the ecosystem through strategic partnerships with established projects.
- Organizing and participating in various crypto and blockchain events to build more engagement with Reef users and the community.
- Providing online product demos and hosting webinars to engage with developers.
- Providing weekly and monthly updates to the community about the project's latest news and technical developments.
- Amplifying Reef’s reach to new markets and communities with the help of the ongoing Reef Ambassador Program (Reef Rangers).
Future community growth strategies of Reef Finance include:
- Launching Reef basket engine V1 and yield engine V1 and educating its community about these products.
- Educating Reef users about Reef's ecosystem by starting an educational series - Reef Highlights.
- Educating community through videos about DeFi and helping users understand the landscape and the risks involved with DeFi.
Community and social channels (as at December 22nd 2020)
Telegram (English) | 6.0K Members
Telegram (Vietnamese) | 1.4K Members
Telegram (Announcement) | 2.5K Members
Twitter (English) | 5.7K Followers
Medium (English) | 934 Followers