Reef Finance, the first cross-chain DeFi operating system built on Polkadot just made their partnership official with TRON. The partnership would allow Reef users to gain access to the DeFi applications in the TRON ecosystem through Reef’s platform.
Here’s what we know about their partnership announcement.
The Reef and TRON Partnership
(1) 🔥@Tronfoundation, a leading public #blockchain, & @harmonyprotocol, a highly scalable blockchain for cross-chain DeFi, have partnered with Reef Finance to allow users to access #DeFi apps in TRON & Harmony ecosystems through Reef’s platform.https://t.co/wl7Y7BK9jI
— Reef Finance (@ReefDeFi) February 18, 2021
Reef finally expanded its reach into TRON and Harmony ecosystem this past weekend and this would be beneficial to both Reef and TRON ecosystems.
Asides from Reef users gaining access to DeFi applications from the TRON they will also have access to the distributed storage technology and share digital content in a convenient, highly secured, and cost-effective manner.
The partnership of the two companies also allows to bring Reef’s very own smart liquidity aggregator and AI-powered yield engine recommendations in the TRON ecosystem, this provides all TRON and Reef users a host of powerful features which includes DApps developers.
What is Reef Finance?
Reef Finance is the first cross-chain DeFi operating system built on Polkadot. Their platform provides a seamless UI, a smart liquidity aggregator, and a yield engine that enables trading with access to liquidity from both CEXes and DEXes.
Their platform also provides smart lending, borrowing, staking, mining through an AI-driven personalized Reef Yield Engine.
1/ Reef Finance Weekly Update:
🔹Reef Parachain Auction
🔹@TronFoundation & @harmonyprotocol Partnership
🔹50k+ Twitter Followers
🔹Global DeFi Congress – Highlights from Denko’s Presentation pic.twitter.com/cYNTl9i5iP
— Reef Finance (@ReefDeFi) February 21, 2021
The partnership allows Reef users to utilize the TRON ecosystem and its rapidly growing DeFi platform. It would also generate improved technologies and opportunities when it comes to the DeFi industry.
TRON had been leading the DeFi race for months now and this just shows how companies prefer TRON to collaborate with them when it comes to DeFi.
Another huge move from TRON and Justin Sun this month, we can’t wait to see what’s next for TRON this year.
For more news and updates, see Tron Spark.