Oddz Partners With Reef Finance
Making DeFi Accessible To All
Oddz is excited to announce a strategic partnership with Reef Finance — the first cross-chain DeFi operating system, enabling trading with access to liquidity from both Centralized and Decentralized Exchanges through its smart liquidity aggregator and yield engine. Reef Chain of Reef Finance has been built using Substrate Framework to provide high scalability and low transaction costs on the blockchain.
- Reef Chain has been developed in a way that will help DeFi protocols on multiple blockchains to easily port to the Reef Chain without modifying your Solidity code.
- Both Oddz and Reef Finance share a similar vision of making DeFi accessible to all and simplifying the process of investing in different DeFi applications.
- This strategic partnership with Reef will help the technical teams from both protocols to understand the multiple ways to collaborate and bring new applications on both platforms.
Reef Finance is building Reef Chain, a DeFi blockchain built using Substrate Framework and comes with on-chain governance. Reef Chain provides high scalability, enabling almost instant low-cost transactions. The Reef Chain is an EVM compatible chain for DeFi. It is fast, scalable, have low transaction costs and does no wasteful mining.
At Reef we are constantly trying to provide more value to our users by bringing more and more DeFi instruments. We have presented various decentralized investment programs in the past, which have been quite a hit among DeFi investors. We’re partnering with Oddz Finance to provide powerful tools that will allow our users to hedge their risks. We are hopeful that this partnership will not only attract more investors to the Reef platform but also help Oddz onboard more users and grow together with us.
Denko Mancheski, CEO of Reef Finance
Why collaborate with Reef Finance?
Reef Finance aims to make DeFi easy by providing DeFi exposure with interoperability across multiple blockchains. Reef Chain, developed by Reef Finance, is integrating with DeFi protocols
from Ethereum, Polkadot, Avalanche, Cosmos and Binance Smart Chain.
Reef Chain has been developed in a way that will help DeFi protocols on multiple blockchains to easily port to the Reef Chain without modifying your Solidity code. Adding to it, the Liquidity Bridge will allow the smooth transfer of DeFi assets to the Reef Chain.
Oddz is a multi-chain derivatives trading platform that is built on Ethereum, Binance Smart Chain, Polkadot, Polygon and Elrond. Reef Chain supports Solidity and EVM, allowing developers to seamlessly migrate their Dapps from Ethereum without any change in the codebase. Both Oddz and Reef Finance share a similar vision of making DeFi accessible to all and simplifying the process of investing in different DeFi applications.
With this integration, Reef will be able to provide traders with an entirely new class of financial derivative tools, enabling them to access on-chain options for speculation or hedging their existing positions on multiple blockchains. This strategic partnership with Reef will further help the technical teams from both protocols to understand the multiple ways to collaborate and bring new applications on both platforms.
Building DeFi protocols on multiple blockchain networks allow users to choose which network they want to use and also the features that come with them. One of the biggest reasons for building cross-chain platforms is to provide interoperability among different blockchains. This will let users decide what network suits their needs.
This strategic partnership with Reef will help us build more applications that will fuel DeFi mainstream adoption.
Aishwarya Shivakumar Haroshivanahalli, Co-Founder and CEO, Oddz Finance
About Reef Finance
Reef 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:
Oddz is a trustless on-chain option trading platform that expedites the execution of call and put options contracts, conditional trades, and futures. It allows the creation, maintenance, execution, and settlement of trustless option contracts, conditional tokens agreements, and futures contracts in a fast, secure, and flexible manner.
It employs the synergies of Ethereum, Binance Smart Chain, and Polkadot to unleash the potential decentralized derivatives market. It focuses on building solutions that can propel the DeFi ecosystem by simplifying derivatives trading and enhancing the user experience.