Reef Finance

REEF is a native functional token of REEF Finance with the following use cases: Governance: voting on different proposals, such as releasing new features and readjust some parameters in the system; Agreement fees: to cover operating expenses such as entry/exit portfolio, reallocation, rebalancing and other activities; Collateral: The interest paid by mortgaging funds into various pools of funds to earn the preferred APR; Income distribution: Select the rate of payment of profits generated by activities in your portfolio.

The project was launched in the second half of 2020. The people behind Reef argue that the process of crypto trading, lending and betting is currently fragmented, creating "painful experiences for all participants".

Reef aggregates liquidity and provides automation. It also aims to address the shortcomings associated with existing trading platforms. While centralised exchanges are prone to security breaches, decentralised rivals can be illiquid and often difficult to use.

Reef is a DEFI built on platform Polkadot, designed to provide cross-chain trade. The project's products include a revenue engine and a smart liquidity aggregator.

Work on the project began in the second half of 2020. The people behind Reef believe that the process of trading, borrowing and mortgaging cryptocurrencies is currently fragmented -- creating "a painful experience for all participants".

Reef aggregates liquidity and provides automation. It also aims to address the shortcomings associated with existing trading platforms. While centralised exchanges are prone to security breaches, decentralised rivals can be illiquid and often difficult to use.

Reef was founded by Denko Mancheski. His motivation is to remove technical barriers to entry for retail investors who want to participate in DeFi - and to provide a straightforward decision-making process that takes into account users' appetite for risk.

Mancheski wants to help new cryptographers overcome the complexities associated with using order books and make it easy for them to understand how different protocols work.

Mancheski, who was born in Macedonia, said his passion for fintech introduced him to blockchain technology. He describes building a competent team as the biggest challenge in making Reef come alive.

When asked about the personal qualities that helped him become a successful entrepreneur, he added: "I have a very addictive personality - I can't stop doing something until I reach the imaginary goals I set for myself."

Mancheski previously served as cTO at Adel, a global crypto community that serves as a "technology incubator for blockchain innovation." He was also named CTO of Viewly, an ad-free social video platform.