Polkadot’s DeFi Prowess Grows With Reef Finance $3.9M Raise

Reef Finance has closed a $3.9M seed funding round for its cross-chain suite of DeFi services built on Polkadot, the company announced Wednesday. Included in the round were NGC Ventures, AU21 Capital, QCP Soteria, the venture arm of QCP Capital, Kenetic Capital, Amplifi, LD Capital, Garlam Won, TRGC, Genblock, Krypital Group, Woodstock Fund, and Danish Chaudhry.

With a seamless user interface, Reef Finance offers its users a smart liquidity aggregator and yield engine that enables access to liquidity from both CEXes and DEXes while offering smart lending, borrowing, staking, mining through AI driven personalized baskets.

“The average retail investor entering the DeFi landscape is confused,” said CEO of Reef FInance Denko Mancheski. “They don’t know the names of the projects or how to keep up with the best strategies and stay safe and well diversified. They have to go through like five different websites and use different UI made by different vendors. It’s overwhelming. And while you do this, you’re missing out on different opportunities.”

“We see the Reef team as smart and innovative and we like the vision of Reef being a go-to place for DeFi accelerating mainstream adoption,” said Roger Lim, Partner at NGC Ventures.

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About Reef

Reef is the first cross-chain DeFi operating system built on Polkadot. With a seamless user interface, Reef offers its users a smart liquidity aggregator and yield engine that enables access to liquidity from both CEXes and DEXes while offering smart lending, borrowing, staking, mining through AI driven personalized baskets.

For more information about Reef,please visit: https://reef.finance/

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View source version on coindesk.com: https://www.coindesk.com/reef-finance-cross-chain-defi-polkadot

Contacts

Kinsa Durst, Head of Marketing at Reef Finance

e: kinsa@reef.finance