Reef Finance And CurioInvest Sealed A Partnership
Reef Finance is thrilled to announce an important new collaboration with CurioInvest, a Fractional NFTs Launchpad for real world assets, to Reef Chain. As part of this partnership, CurioInvest and Reef Finance will connect and explore synergies to bring liquidity to real world assets.
“When you look at fine art, collectible cars, they have been perceived historically as safe havens. They’re held by very few and by bringing a different technology, we’re making it truly possible for everyone to benefit from those features or traits that define the asset class as a whole.”—Fernando Verboonen, founder and chief executive officer of CurioInvest
CurioInvest is betting that the value of rare and collectible assets — which includes vintage cars, wines, and jewelry, among other things — will continue to appreciate. Vintage cars, for instance, returned more than 330% in the 10 years through 2017, according to a report from Knight Frank. The cars, of which a $1.1 million Ferrari will be among the first on the slate to be tokenized, will be stored and maintained in a vault in Germany.
Reef Chain will allow deployment of CurioInvest’s flagship dApp, https://rollapp.store/, and gain all the benefits offered by the ever growing Reef ecosystem and user base. In addition to the standard reward for liquidity providers (exchange fees from users), CurioInvest will provide rewards in CGT (Curio Governance Token) — tokens for controlling the Curio Stablecoin protocol using the DAO model and stabilizing its functioning.
ABOUT Reef Finance
Reef Finance is building Reef Chain, a DeFi blockchain built using Substrate Framework. 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. Our vision is to make DeFi easy for everyone to invest in and build DeFi applications on top of Reef Chain.
ABOUT CurioInvest
CurioInvest is a product of the CurioDAO Association — The DeFi Hub of Real-World Assets NFTs, a multi-chain real world asset NFT platform where users can easily mint RWA NFT, get liquidity via Stablecoin allowances or earn yield by creating farms.
