TRON announced that it will enter into a strategic partnership with Reef, in order to create deeper liquidity options for anyone who is interested in the DeFi space. While DeFi is growing in popularity, the back end of the system isn’t keeping up.
With this move, Reef users will be able to directly access TRON’s DeFi ecosystem via the Reef platform, which is the first cross-chain operating system that was built on Polkadot.
The simple fact is – while DeFi has exploded in popularity, the infrastructure to make the systems operate is lagging. Ethereum has become an expensive option for anyone who wants to enter the DeFi space, which is one of the issues that TRON and Reef are working to solve.
As a multi-source DeFi aggregation platform, Reef is well placed to take full advantage of TRON’s existing DeFi ecosystem. Reef combines both Centralized Crypto Exchanges (CEXs) and Decentralized Crypto Exchanges (DEXs), to offer its users the best options for trading tokens.
TRON & Reef To Make Transactions Fast and Inexpensive
The level of decentralization that DeFi offers is great from the standpoint of an accessible ecosystem, but from a trader’s perspective, it can be very challenging.
Reef creates a solution for anyone that needs to take a market-level view of the DeFi landscape and make informed decisions when they buy and sell assets.
Denko Mancheski, the CEO of Reef Finance, commented,
“This partnership with TRON is an extension of Reef’s efforts to collaborate with the biggest players of the DeFi world. With the aim of providing curated yield opportunities on leading DeFi platforms all under one roof and establish the platform as the easiest way to get into DeFi…Reef’s users will now be able to seamlessly participate in utilizing the TRON Network and utilize TRON’s rapidly growing DeFi platform, helping usher in mainstream DeFi adoption”
Platforms like Reef will be a vital part of connecting the DeFi ecosystem with exchanges that may offer better…