Reef Finance is excited to welcome Elk Finance to the growing Reef ecosystem
Reef Finance is excited to announce a new collaboration with Elk Finance, which will make it seamless for anyone to exchange cryptocurrencies across blockchains thanks to Elk’s decentralized network for cross-chain liquidity.
Elk’s forthcoming mainnet addresses fragmentation across blockchains. There are hundreds of separate blockchains that do not interoperate, making it hard to move value across chains and creating barriers to adoption. Elk Finance makes it easy for the next generation of crypto adopters to participate in DeFi and other blockchain applications without having to set up 10 different RPCs and wallets to interact with the most interesting and profitable projects throughout the space.
Reef Finance has developed a fast, scalable, and EVM-compatible chain for DeFi applications, Reef Chain. Reef Chain is currently in the canary version of the mainnet and the official mainnet is due to launch in the near future. Reef Chain is a customized blockchain that allows developers to build dApps or deploy existing projects from Ethereum.
Reef Finance and Elk Finance Vision for Integration
Elk Finance is proud to announce it will be building on Reef Chain, a fast-growing multi-chain DeFi ecosystem. Importantly, Elk is not just interested in building a simple multi-chain DEX: they are building a robust and elegant infrastructure on top of their cross-chain functionality to support various features that currently are either impossible or very hard to achieve.
Elk Finance has already launched on the Avalanche Network, Polygon (Matic) Network, and Fantom Opera Network. You can find more information about Elk Finance & how to buy the $ELK native settlement token from their documentation.
This joins together two cutting edge cross-chain ecosystems who are ushering in a new era of seamless blockchain interactions. Moreover, the collaboration will further enhance Reef’s potential for offering high liquidity, novel use cases for DeFi regardless of which blockchain the native liquidity is available on. More details will follow closer to Elk’s launch on Reef Chain.
About Elk Finance
Elk Finance is a cross-chain liquidity network, allowing for instantaneous exchange of tokens between chains. Elk Finance also aims to provide the first gyroscopic stablecoin (CHFT) available on multiple chains for blazing fast payments anytime, anywhere. The Elk stablecoin, CHFT, has not been released yet. When it is, you will be able to purchase it right here or on other exchanges. You can also opt to burn some ELK to mint the stablecoin.
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, and supports Solidity and EVM, allowing developers to seamlessly migrate their DApps from Ethereum without any change in the codebase. Our vision is to make DeFi easy for everyone to invest in and build DeFi applications on top of Reef Chain.
Join us:
- Website: https://reef.finance/
- Twitter: https://twitter.com/ReefDeFi
- Telegram: https://t.me/reefdefi
- Medium: https://medium.com/@ReefDefi
