January 19, 2021

Reef Finance partners with OpenDeFi

OpenDeFi allows for tokenizing of real-world assets which are 100% insured, backed by an actual physical asset, and held by a custodian, ensuring that users’ interest is held paramount. This enables institutions to be able to invest in assets across classes (Gold, Silver, Real Estate — even Crypto) while utilising the technological advantages of Blockchain.

OpenDeFi also allows users to stake assets and receive an instant loan against the assets. These are flash loans and are facilitated immediately. Users can enjoy liquidity on their investments.

This partnership with OpenDeFi will enable Reef Finance users to access yield generation opportunities and receive instant loans on assets.

Reef has chosen to collaborate with OpenDeFi because of the project’s track record of strong execution and solid founding team. In the future, OpenDeFi and Reef will collaborate to bring access to DeFi products to mainstream audiences.

OpenDeFi recently closed funding by AU21, O1EXm GenBlock, TRG Capital among others and has listed on Uniswap with the intent of growing the number of token holders and funding further expansion efforts.

About OpenDeFi

OpenDeFi protocol tokenizes real-world assets & offer an array of financial services instruments on top of it, like trading, hedging, instant loans, yield on assets, asset-backed debit card, fiat on & off-ramp, etc. Creating a breathable economy for next-generation financial freedom.

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About Reef

Reef is the first cross-chain DeFi operating system. With a seamless user interface, Reef offers its users a smart liquidity aggregator and yield engine that enables trading with access to liquidity from both CEXs and DEXs while offering smart lending, borrowing, staking, mining through AI-driven personalized Reef Yield Engine.

For more information about Reef, or to join our team, please contact us at: [email protected]

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