Reef is the native token of Reef Finance, and it’s been listed on the Huobi Global crypto exchange a few days ago. The crypto’s price exploded, and at the moment of writing this article, Reef is trading in the green, and the digital asset is priced at $0.01799.
Reef Finance is the first cross-chain DeFi OS that’s aiming to make DeFi easy for investors by aggregating liquidity from both centralized and decentralized exchanges on just one platform.
This also serves as a gateway to DeFi via liquidity and protocol aggregation, multi-chain accessibility, and proprietary analytics.
Reef is built on Polkadot, and it offers personalized investment recommendations to users via its AI and machine learning-driven smart analytics engine.
A few days ago, Cointelegraph was noting that in order to celebrate the listing, Huobi would “conduct a variety of campaigns including AMAs, a 2.7-million Reef rewards deposit promotion, and a 2.7-million Reef rewards trading competition on the platform for Reef token holders. Those who stake Polkadot’s DOT, Reef, and Huobi Token can mine up to 13.7 million in shared Reef rewards.”
Reef Finance is the first Polkadot ecosystem to be listed on Binance
It’s also important to note the fact that Reef was already listed on Binance in late December, and this made Reef Finance the first project from the Polkadot ecosystem to be listed on Binance.
Another important thing is that Reef has announced partnerships with various players of the DeFi economy, such as Plasm, Avalanche, and bZx, in order to offer users a range of DeFi investment opportunities from a single platform.
Reef is allowing holders to take place in the platform’s governance via voting on various proposals.
Users have the ability to stake their Reef tokens into the Reef pool and earn Reef Pool Token (RPT) based on their proportional stake in the pool.
Reef will be also used in the yield distribution pay-out ratio for the various DeFi investment baskets that are available on Reef’s platform.