Klever x Reef Finance Partnership
Klever & Reef Finance announced partnership to empower REEF Mainnet migration in Klever app.
The Klever and Reef teams have been working jointly for months to enable the partnership parameters inside Klever app, and the new features are available in Klever’s new Update 4.3.0 for Android and iOS.
NEW FEATURES:
- REEF Network support in klever app
- REEF Mainnet Swap
- REEF Staking (Bond and Nominate)
- REEF Nomination of Validators (Votes)
- Klever as first external validate on REEF Mainnet
Liquidity Bridge to Reef Mainnet in Klever Swap
Klever has enabled the first and only Ethereum and Binance Smart Chain (BSC) liquidity bridges to Reef Chain, for Reef holders to convert their tokens to Reef Mainnet tokens through Klever Swap.
Once Reef holders have swapped to Reef Mainnet token, Klever also brings the ability to Stake Reef tokens through their wallet through “Bonding“.
With Reef and Klever, users do not need to go anywhere else to earn the highest and safest yield on their crypto assets, as Reef holders can now Stake their tokens through Bonding.
It is important to note that in order to be eligible to receive APR or rewards on staking with Reef Chain, users need to do both bonding and nomination. Users will not receive rewards if they only bond, since the user also need to nominate a validator.
Klever is now officially voted in as Reef Chain’s first external validator, advancing decentralization by assisting other projects to progress and allows over 3 million Klever users to benefit from the Reef Ecosystem bringing additional value to both communities.
Dio Ianakiara, CEO and co-founder of Klever, commented on the strategic partnership with Reef:
“We are excited to become the first external validator on Reef Mainnet, bringing vast experience of node operations as Klever today maintains close to 100 different nodes on dozens of major blockchains, and being part of advancing decentralization throughout the crypto industry.
Klever is all about making it easy to manage and grow your crypto, while supporting ambitious projects with the same mindset. Therefore we are proud to enter this strategic partnership with Reef Finance to provide the only liquidity bridge to Reef Mainnet seamlessly through Klever Swap and enable Reef Mainnet Staking in Klever.”
What is Reef Finance?
Reef Finance is building Reef Chain, a DeFi blockchain built using Substrate.
Reef Chain provides high scalability, enabling almost instant low-cost transactions, and supports Solidity and EVM, allowing developers to seamlessly migrate their DApps from Ethereum without any change in the codebase.
Reef’s vision is to make DeFi easy for everyone to invest in and build DeFi applications on top of Reef Chain.
What is Klever?
Klever app is a simple, fast, smart and secure crypto wallet, serving as the epicenter of the Klever network. The Klever ecosystem supports the world’s major blockchains such as BTC, ETH, TRX, BNB, XRP, LTC and many others for storing, sending, receiving, charging and swapping cryptocurrencies.
Klever offers 300+ trading pairs in Klever Swap with over 50% of all KLV tokens currently frozen and staked by Klever users.
The Klever team, consisting of over 90 developers and 120 total staff, is building several platforms under their in-house development entity, Klever Labs, including Klever Browser, Klever Bank, Klever Hardware Wallet and Klever Blockchain, which will function as the foundation of the entire ecosystem.
📰 INFO:
https://news.klever.io/p/klever-and-reef-finance-partnership-mainnet
