Reef Monthly Update | May 2021

Published on: 08.06.2021

Reef introduced Monthly Update for May 2021 about booming social community, new partnerships, & new projects on Reef Chain, and participating in the community.

May 2021 Quick Snapshot

Passed 172k+ followers on Twitter
Confirmed five new partnerships: Benchmark Protocol, DEIP Network, Lendefi, Polkalokr, & Realm
Launched three new projects on Reef Chain: Reef Chain Developer Support Program, ReefStarter, and Reef Chain Mainnet Canary Version
We held an AMA Session with DAFI Protocol
Boxmining YouTube interview with our CEO, Denko Mancheski
Denko participated in Polkadot DeFi Alliance’s Crowdcast event Building Substrate Standalone Chain vs a Parachain

May’s New Partnerships and Projects

They celebrated five new partnerships and three new projects in May.

Benchmark Protocol
Reef Finance has partnered with Benchmark Protocol, a platform that mitigates liquidation events and hedges risk with the MARK token, Benchmark Protocol’s native token.

DEIP Network

Reef Finance allied with DEIP Network, a platform that enables users to turn any intangible asset like patents, copyrights, and more into fractional NFTs. These NFTs can be traded or retained for ownership over the converted asset.

Lendefi
Lendefi is an innovative protocol that facilitates creating undercollateralized loans for digital assets. Being one of the latest projects to be built on Reef Chain, new Reef Chain x Lendefi partnership will enable Lendefi to send assets instantly with very low gas fees.

Polkalokr
Reef Finance joined hands with Polkalokr, a first all-in-one, multi-chain token locking and escrow platform with built-in privacy functionality. Polkalokr offers one of the safest DeFi investment ecosystems available for users through its products LOKR & SWAPR. Reef’s partnership with Polkalokr adds a new layer of trust and transparency to Reef users through Polkalokr’s smart contracts and liquidity locking mechanics.

Realm

Reef Finance welcomed Realm, a community-driven open-source project to create personalized metaverses to build NFT realms on the Reef Chain. Realm’s platform allows users to explore realms and collect pets with cross-chain genetics. This collaboration will add significant value to Realm as the platform will leverage Reef Chain’s high scalability and higher throughputs for its new realm development.