Reef and Bifrost to Bring DeFi Mainstream Adoption with Polkadot

Reef is excited to announce that we are working together with Bifrost in developing Reef — a suite of cutting edge DeFi products for the Polkadot ecosystem. Recently, advances in middleware platforms have led to increases in TPS.

Why Bifrost

Bifrost is a middleware platform that connects between dApps and third party protocols. Earlier this year, Bifrost released a pilot version of Ethereum and its TPS rose to 750, with gas fees dropping by 75%. Bifrost also recently demonstrated that they can combine Ethereum and other protocols using EVM (Ethereum Virtual Machines) for scalability to increase Ethereum’s TPS to 3,000 using Amazon Web Services (AWS).

Bifrost seeks to similarly build on Polkadot and enable Polkadot ecosystem projects faster performance and speed.

“I am excited to work with a team of the caliber of Bifrost to bring high TPS to DeFi end users everywhere” said CEO of Reef Finance Denko Mancheski.

Reef will work closely with the Bifrost team to deploy quality products in the Polkadot ecosystem.

With Bifrost, Reef Finance can make cross chain DeFi a reality faster/today.

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 trading with access to liquidity from both CEXes and DEXes while offering smart lending, borrowing, staking, mining through AI driven personalized Reef Yield Engine.

For more information about Reef, or to join our team, Please contact us at: info@reef.finance

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Twitter: @ReefDeFi

Telegram: https://t.me/reefdefi