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“Binance Launchpool, a new action advised to accompany the decentralized accounts (DeFi) acquaintance to Binance users, today appear its new project, Reef Finance, a multi-chain acute crop agent and clamminess aggregator area any banking hub can accommodate into.” Pioneering DeFi on Polkadot: Binance Launchpool Introduces Reef Finance, Binance.com, Dec 22, 2020
Reef gives the retail broker admission to the DeFi mural with a actual low abstruse barrier of access while at the aforementioned time it augments the accommodation authoritative action based on user’s accident levels. On the heels of its latest integration with Binance, one of the arch crypto exchanges globally by trading volume, Reef Finance is introducing its built-in badge REEF to the all-encompassing user abject on the Binance belvedere through the Binance Launchpool. The cardinal accord enables Binance users to booty advantage of crypto purchases with FIAT and trading through the Reef Finance belvedere in a non-custodial manner. In addition, Reef Finance eyes the abeyant alms of Binance Chain abutment to its users in the future.
Binance’s Launchpool belvedere was created by the barter to facilitate new agenda agriculture for users. The activity is now aiming to abridge the accolade accretion action for staking BNB and added assets on the Binance platform. Historically, with Hard Protocol and Unifi DAO, Binance barrage pools accept catapulted projects into new heights by bazaar cap. During Launchpool accord users will be able to pale their BNB, BUSD, or DOT tokens into abstracted pools to acreage $REEF tokens, starting from 2020/12/23 at 0:00 AM (UTC). Binance will again account REEF in the addition area at 2020/12/29 6:00 AM (UTC) and accessible trading for REEF/USDT and REEF/BTC and trading pairs. Reef is additionally the aboriginal Launchpool activity area Binance users would be able to pale their DOT tokens and acquire staking rewards. To sum up, DOT holders can now acreage Reef on Binance, admitting usually, one could acreage with BNB, BUSD, and ETH. Now with Reef, one can acreage application BNB, BUSD, and DOT.
Reef is positioned as a hub for DeFi and added cryptocurrency banking casework on Polkadot. As a founding affiliate of the Polkadot DeFi Alliance, which will abutment and abound the all-embracing success of the ecosystem as a cantankerous alternation band-aid with a accomplice of associates and ally Interlay, Equilibrium, and Moonbeam.
“By abstracting abroad the complexities of application adjustment books and acquirements how altered protocols work, Reef gives the retail broker admission to the DeFi mural with a actual low abstruse barrier of access and additionally assiduity the accommodation authoritative action based on the user’s accident levels” said Denko Mancheski, Founder and CEO of Reef Finance.
“We are actual aflame for the accessible Polkadot ecosystem, and animated to abutment Reef Finance’s advance through Launchpool”, said Binance CEO and Founder, CZ (Changpeng Zhao). “It’s additionally abundant to acceptable our aboriginal Polkadot ecosystem activity to Binance Smart Chain”.
For added advice about Reef Finance, apprehend the all-embracing address provided by Binance Research.
