Introduction to ReefStarter

Reef Finance introduced #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.

What is 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.

📰 INFO:

https://medium.com/reef-finance/introduction-to-reefstarter-ido-platform-on-reef-chain-33e788583192