Reef Finance Partners With Bandot to Leverage its Unsecured Stablecoin Credit Lending System
Reef Finance is a cross-chain DeFi operating system offering its users a smart liquidity aggregator and AI-driven yield engine. Bandot is a Polkadot-based cross-chain crypto token swap and stablecoin credit system.
Reef is teaming up with Bandot to leverage the latter’s cross-chain asset liquidity feature and seamless stablecoin lending and borrowing mechanism.
This partnership will directly benefit Reef users, as they stand to tap Bandot’s unique credit system and avail increased opportunities to maximize the value of their trades/investments.
Why Reef Finance Partnered With Bandot?
Reef Finance has already developed a reputation for enabling traders to access liquidity from both centralized and decentralized exchanges (through its AI-driven personalized Reef Yield Engine) along with a host of all standard DeFi options.
But this collaboration with Bandot will truly elevate the trading experience for Reef users. This partnership will open the gates to much more cross-chain Defi token liquidity coupled with amazingly convenient stablecoin lending.
Bandot supports cross-chain token swap for different parachains. Apart from this, the protocol’s virtual automatic market makers work to improve market liquidity (in real-time).
That, in turn, increases the number of market makers and strengthens competition between market makers which is conducive to improving the quality of market liquidity.
Another USP of Bandot is that a user can borrow instantly and easily without any collateral. Of course this holds as long as the user returns the borrowed amount back to the fund pool.
Speaking euphorically about the partnership, Bandot CEO Vincent said:
“I am excited to work with Reef Finance to provide stablecoin and unsecured lending system to investors in Reef platform. I believe that our cooperation will create more possibility in Polkadot DeFi ecosystem”.
A Polkadot-based unsecured stablecoin lending system, Bandot extends the boundaries of DeFi by providing users unparalleled access to liquidity for crypto assets of all sorts. Along with, unprecedented convenience in lending and stablecoin exchanging.
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 CEXs and DEXs while offering smart lending, borrowing, staking, mining through an AI-driven personalized Reef Yield Engine.
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