Introduction to ReefStarter: IDO Platform on Reef Chain

We created Reef Finance to simplify the entry process for investors into the flourishing DeFi industry. With the wide range of DeFi protocols available today, investors have an abundance of options when making investments. However, each protocol requires users to interact with a unique set of smart contracts. The tedious process increases both the transaction costs for the users and the barrier of entry into DeFi.

Reef aggregates this fragmented liquidity onto a single platform, allowing users to access the best liquidity sources and DeFi investment opportunities all in one place. Moreover, Reef Baskets and Reef Smart Yield Engine products further help simplify the DeFi journey for investors.

We also realize the limitations of Ethereum, which is the deployment platform of choice for most of the popular DeFi DApps today, as it significantly dampens the user experience and discourages investors from actively engaging in DeFi activities.

This motivated us to create Reef Chain, an EVM-compatible blockchain built on Substrate to power the high-end DeFi DApps of the future. The Reef Chain offers massive scalability, enhanced security, low-cost transactions, self-upgradability, and a host of other features which will provide a seamless user experience.

We built the ReefStarter, an IDO platform focussed on DeFi applications and projects to carry forward the same vision of making DeFi easily accessible to everyone.

Developed on Reef Chain, ReefStarter will support cross-chain token pools and auctions for other Substrate projects, including the entire Polkadot ecosystem. Projects can use ReefStarter to raise capital in a completely decentralized and interoperable environment seamlessly.

ReefStarter will also provide users with smooth and rapid token swaps at a very low gas fee. Liquidity providers can now invest in liquidity pools and farm tokens at regular intervals without spending a fortune on transaction fees.

Since Reef Chain is EVM compatible, ReefStarter will also be able to source liquidity from the Ethereum network. Projects that have deployed their applications on Ethereum can easily migrate their ERC-20 tokens and issue their Reef Chain compliant <> versions, allowing both existing and upcoming projects to list their tokens on ReefStarter and enjoy greater liquidity.

ReefStarter will keep supporting various unique swap and auction methods while providing the best user experience.

We will also be working with Polkalokr to add value to projects participating in our IDO platform. Polkalokr’s smart contracts will add a layer of trust and transparency by locking liquidity into DEXs and automating the distribution of vested tokens to early participants.

Stay tuned to get the latest developments on all things Reef.

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 an AI-driven personalized Reef Yield Engine.

Learn about Reef’s recent official news: Website | Twitter | Telegram

Source: https://medium.com/reef-finance/introduction-to-reefstarter-ido-platform-on-reef-chain-33e788583192?source=rss——-8—————–cryptocurrency