THELOGICALINDIAN - The two teams accept laid out affairs to accredit crosschain DeFi acceptance beyond band one hubs
Reef Finance, one of the arch DeFi projects active on Polkadot, has appear a affiliation with Kava.
The two projects are well-positioned for collaboration: while Reef is a cross-chain clamminess aggregator powered by Polkadot, Kava is a multi-chain lending platform. Kava was congenital with Cosmos, a activity that additionally aims for interoperability, and the affiliation has been accent as a agency of bridging the networks.
Announcing the partnership, Reef Finance’s CEO Denko Mancheski said:
“We are aflame to accept Kava DeFi Hub to access earning opportunities for our users on the Reef platform. The end ambition is to accomplish abounding interoperability by abutting a Substrate bassinet which accouterments IBC and Kava’s built-in IBC compatibility. This will accredit seamless affiliation amid Polkadot’s parachains and Kava’s DeFi ecosystem.”
One key point of absorption will no agnosticism be Kava’s Hard Protocol.
The activity acts as a money bazaar for assets like BTC, XRP, and KAVA, and the affiliation will acquiesce Reef users to admission the app via Kava’s cross-chain bridges.
While decentralized accounts is a technology that’s still abundantly alien to most, it’s a added assurance of development for the amplitude aural the Polkadot ecosystem.
Of course, that agency cross-chain action is continuing to beverage abroad from the accepted bazaar baton in the DeFi race, Ethereum.
