Upcoming Launch Of Reef Finance Mainnet Canary
A mainnet is the official final product of the blockchain project and the realization of the promise made in the whitepaper. In other words, a mainnet launch is the opening of the final product for all users. Token swap also occur during a mainnet launch
The first cross-chain DeFi operating system, enabling trading with access to liquidity from both CEXs and DEXs through its smart liquidity aggregator and yield engine, Reef Finance will launch its mainnet on May 28,2021.The ‘Canary’ version of the Mainnet is the proprietary blockchain network of Reef Chain.
What is REEF CHAIN?
Reef Chain is built with Substrate Framework making it natively compatible with Polkadot Network, the most robust platform for security, scalability, and innovation. It is completely EVM (Ethereum Virtual Machine) compatible, allowing developers to port their existing applications from Ethereum without any change in the underlying base code for developers who wish to do so for optimal performance for their users.
The ‘Canary’ version of the Reef Chain Mainnet will be in operation for 30 days from launch. The developers at Reef Finance will have the power to reset it to a previous blockchain state if the need arises due to any unforeseen technical issues.
About Reef Finance
Reef Finance is launching Reef Chain, an EVM compatible DeFi blockchain built using Substrate Framework, which will power the DeFi DApps of today. Reef Chain promises massive scalability, superior security, fast finality, and extremely low-cost transaction costs.
