Reef and Covalent to Bring DeFi Mainstream Adoption With Polkadot

Reef
Reef
Published in
2 min readOct 23, 2020

Reef is excited to announce that we are working together with Covalent in developing Reef — a suite of cutting edge DeFi products for the Polkadot ecosystem. Covalent provides a unified API to bring full transparency and visibility to assets across all blockchain networks and we will use this API to provide Reef users with more advanced portfolio analytics.

Why Covalent

Covalent is the absolute richest blockchain data on the Internet. It currently provides 25 billion rich transactions indexed including every transaction since genesis including 30,000+ price feeds for fiat and crypto pairs, 200K+ smart contracts available with internal data structures for querying and a 30-second refresh rate.

“We are excited to be working with the Covalent team in bringing the adoption of DeFi into the mainstream” said Denko Mancheski CEO of Reef Finance.

“We are delighted to be working with Reef in the continued effort in making granular blockchain data easily accessible. The next generation of DeFi protocols that are built with cross-chain capabilities require accurate, timely and granular blockchain data and we are proud to be the provider of choice for Reef” said Ganesh Swami CEO of Covalent.

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

Learn about Reef’s recent official news:

Twitter: @ReefDeFi

Telegram: https://t.me/reefdefi

About Covalent

Covalent provides a unified API to bring full transparency and visibility to assets across all blockchain networks. Covalent’s proprietary technology enables a “no-code” solution that solves a vast array of use-cases for wallets, exchanges, custodians and taxation amongst others. The API allows easy access to data that is normalized, unified and granular.

Twitter: @Covalent_HQ

Telegram: https://t.me/CovalentHQ

Discord: https://discord.gg/hCG8V7

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Reef
Reef
Editor for

Reef is an EVM-first blockchain designed to make Web3 accessible for the next billion users. Reef is the future blockchain for NFTs, DeFi, and gaming.