Reef Finance expands its reach to the TRON and Harmony ecosystems
TRON, the fastest-growing public chain, and Harmony, a highly scalable blockchain platform, have partnered with Reef Finance to enable Reef users to access DeFi applications in the TRON and Harmony ecosystems directly through Reef’s platform
TRON is the fastest-growing public chain that aims to build a decentralized Internet. This partnership will allow users to access a distributed storage technology and share digital content in an easy, secure, and cost-effective manner. More than 1600 DApps have already been launched on TRON. These apps attract almost 47,000 global users daily. TRON blockchain currently has $1.2B TVL and $12B+ of USDT issued on the blockchain making TRON the 3rd highest blockchain for TVL behind Ethereum and Binance Smart Chain.
Harmony is the first blockchain platform with combined sharding with PoS (Proof of Stake) consensus mechanism to provide fast finality and settle transactions within 2 seconds. Harmony is fully operable with Ethereum, similar to Layer 2 protocols, allowing developers to easily create and deploy DApps on Harmony’s blockchain. With a range of DeFi applications being developed on the platform, Harmony is poised to be a top blockchain for cross-chain finance in 2021.
Reef Finance is the world’s first cross-chain DeFi operating system which offers investors the best opportunities from the DeFi sector. Reef’s smart liquidity aggregator enables trading with access to liquidity from both CEXs and DEXs on a single platform, lowering the entry barrier to DeFi for users. Reef’s AI-driven personalized Reef Yield Engine further helps users make educated investment choices by providing personalized investment advice making it the easiest way to get into DeFi.
TRON and Harmony partnerships will enable Reef users to access DeFi applications in the TRON and Harmony ecosystems directly through Reef’s platform. On the other hand, Reef’s smart liquidity aggregator and AI-powered yield engine recommendations will be available in the TRON and Harmony DeFi ecosystem, providing both DApps developers and DeFi users with a host of powerful features.
By joining forces with Harmony and TRON, Reef Finance has now partnered with some of the most ambitious DeFi players in the world. Not only will this be extremely beneficial to the users of all the involved parties, but will also lead to the holistic development of the entire DeFi industry.
Denko Mancheski, CEO of Reef Finance, said, “This partnership with TRON is an extension of Reef’s efforts to collaborate with the biggest players of the DeFi world. With the aim of providing curated yield opportunities on leading DeFi platforms all under one roof and establishing the platform as the easiest way to get into DeFi. Reef’s users will now be able to seamlessly participate in utilizing the TRON Network and utilize TRON’s rapidly growing DeFi platform, helping usher in mainstream DeFi adoption.”
“We are excited to expand TRON’s DeFi potential by partnering with Reef Finance to bring its smart liquidity aggregator and AI driven recommendations to the TRON DeFi ecosystem.”, said Justin Sun, founder of TRON and CEO of BitTorrent. He further mentioned, “I truly believe that DeFi is the answer to the flaws in the current financial systems we rely on and this partnership brings us one step closer to lowering the barrier to mass adoption.”
About TRON
TRON is dedicated to accelerating and the decentralization of the internet through blockchain technology and decentralized applications. Founded in September 2017 by Justin Sun, the company has delivered a series of achievements, including MainNet launch in May, 2018, network independence in June, 2018, and TRON Virtual Machine launch in August, 2018. July 2018 also marked the acquisition of BitTorrent, a pioneer in decentralized services boasting approximately 100M monthly active users.
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About Harmony
Harmony is the first blockchain that combines Proof-of-Stake consensus & sharding to simultaneously provide decentralization, security, and scalability, and hence solve the Blockchain Trilemma. Harmony provides 2-second finality, trustless cross-chain liquidity, and currently supports 1000 delegating stakers for secure shards.
About Reef Finance
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.
