Reef
Published in

Reef

Reef Finance partners with multi-chain options trading platform Oddz Finance to bring a new range of DeFi trading options to Reef users.

Oddz Finance is a multi-chain option trading platform built on Binance Smart Chain. It supports multiple cryptocurrencies over major blockchain networks such as Ethereum, Polkadot, Polygon, Elrond, and BSC. Through their in-built Oracle solution and Machine Learning (ML) powered algorithms, Oddz offers users a seamless on-chain option trading solution.

With a surge of crypto investors entering the DeFi space, there has been an increasing demand for financial instruments to help investors hedge their risks. Options trading offers to fill this gap. Through options trading, traders can simultaneously earn income and hedge their risk in the market.

An option is a contract that provides the buyer the right, but not the obligation, to buy or sell the underlying asset at a specific ‘strike price’ on or before a certain ‘expiration date’. Options presents traders with a tool to enhance their portfolio value through added income, protection, and even leverage. Moreover, they allow traders to commit less capital than any other market trade requires and make as much or more profit as other types of trades.

The Oddz platform brings the power of options trading to DeFi investors in a simple and easy-to-use manner. The Oddz interface displays all the metrics used to calculate the premium, which helps users make a more informed decision and trade customized options with higher rewards.

Meanwhile, Reef Finance has built the world’s first cross-chain DeFi operating system, which offers investors the most lucrative investment opportunities from the entire DeFi landscape, while simultaneously lowering the barrier of entry into DeFi.

Reef’s smart liquidity aggregator brings the best liquidity from both centralized exchanges and decentralized protocols all in a single place, which saves investors the hassles and cost involved in investing through multiple protocols. To further assist investors, especially the new entrants, Reef’s Artificial Intelligence (AI) powered Yield Engine provides personalized recommendations to each user based on the individual’s risk appetite and investment plans.

Through the partnership with Oddz Finance, Reef users will now be able to access options trading on multiple blockchains directly through the Reef platform. Reef has already provided a range of innovative investment products to users, such as the Reef Baskets and the Reef Bonds. With this integration, Reef will provide traders an entirely new class of financial derivative tools, enabling them to access on-chain options for speculation or hedging their existing positions.

Speaking about this partnership, Denko Mancheski, CEO of Reef Finance, said, “At Reef we are constantly trying to provide more value to our users by bringing more and more DeFi instruments. We have presented various decentralized investment programs in the past, which have been quite a hit among DeFi investors. We’re partnering with Oddz Finance to provide powerful tools that will allow our users to hedge their risks. We are hopeful that this partnership will not only attract more investors to the Reef platform but also help Oddz onboard more users and grow together with us.”

About Oddz Finance

Oddz Finance is a trustless On-Chain Option trading platform that expedites the execution of call and put options contracts, conditional trades, and futures. It allows the creation, maintenance, execution, and settlement of trustless option contracts, conditional tokens agreements, and futures contracts in a fast, secure, and flexible manner. Oddz employs the synergies of Ethereum, Polygon, Binance Smart Chain, Polkadot, Elrond and other major decentralized networks to unleash the potential decentralized derivatives market. It focuses on building solutions that can propel the DeFi ecosystem by simplifying derivatives trading and enhancing the user experience.

About Reef Finance

Reef Finance is the first cross-chain DeFi operating system, which offers users the ability to trade with access to liquidity from both CEXs and DEXs. Reef offers DeFi services such as smart lending, borrowing, staking, and mining through its AI-driven personalized Reef Yield Engine. Reef has also recently deployed Reef Chain, an EVM compatible DeFi blockchain built on the Substrate framework which will power the DeFi DApps of tomorrow. Reef Chain provides enhanced security, massive scalability, fast finality, low cost transactions, and other features which are required to usher in the next phase of the DeFi revolution.

--

--

--

Reef is a smart contract blockchain built using Substrate framework. Reef chain provides high scalability, enabling low-cost transactions, and supports Solidity and Ethereum VM, allowing developers to seamlessly migrate their dApps from Ethereum without code change.

Recommended from Medium

The Ultimate Beginner’s Guide for Tranchess

The Rise of CoinEx Smart Chain (CSC): Building a DeFi Ecosystem

Thinkium Developer Bounty Plan

Sarcophagus Project Overview

AMA RECAP CRYPTODIVINE WHIT BLOCKXAI.

$LIGHT and $DARK are tokens issued in the EMIT Epoch ecosystem and are the economic foundation of…

World premiere: First ever cross-chain NFT marketplace!

DAOstack Pollinators Onboarding Guide

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Reef

Reef

Reef chain is an EVM compatible blockchain for DeFi. It is fast, scalable, has low transaction costs and does no wasteful mining.

More from Medium

Preventa privada del token $NFUT// Private pre-sale of the $NFUT token

Dfyn Burns $210,000 Worth of $DFYN Tokens

Monstropoly — Telegram AMA — January 03

Spores Releases Tokenomics Update