Reef Finance welcomes Kwikswap to build on Reef Chain

Reef is excited to include Kikiswap into its enlarging eco-system which makes it the first project to build on Reef Chain. This is a prominent building block of layer 2 DeFi with a fast swap decentralized protocol.

Kikiswap like uniswap aids other developers in building on its API and dApp UI alongside source code that can assist in extending the protocol reach. From this, Kikiswap can leverage on Reef Chain's high scalability and greater througputs at the same time minimizing gas fees by the users

Kwikswap DEX to go live on Reef Chain

Kikiswap is an amazing cross-chain swap protocol with scaling of Layer 2 which permits users access to utilize a platform available for market creation, swapping, staking, and providing liquidity. It aids the creation of token markets' own KWIK tokens, and on-custodial wallet connections.

Reef on the other hand is the gateway to DeFi through protocol aggregation, proprietary analytics, multi-chain accessibility, and liquidity. It is strongly secured under Polkadot’s shared security high resilience and forkless upgradability

Reef has higher throughputs and Scalability than that of Ethereum and permits porting of other existing DeFi apps from Ethereum to Reef through solidity support. Reef chain is upgradable by Self and has a cutting edge liquidity bridgeKikiswap is an amazing cross-chain swap protocol with scaling of Layer 2 which permits users to access to utilize a platform available for market creation, swapping, staking, and providing liquidity.It aids the creation of token markets' own KWIK tokens, and on-custodial wallet connections.

Value proposition of the Kwikswap-Reef partnership

This collaboration thus makes a lot of sense as Kwikswap users can now t trade assets at a very fast speed with near-zero gas fees utilizing the Reef chain. KwikSwap is produced on its own source code.

Non-Custodial Wallet integration via Web3
Market Creation abilities to all end-user
Liquidation and sharing of fees can be done by anyone
Staking rewards for holders of KWIK token
No more expensive fees
Non-Custodial Wallet integration via Web3

Kwikswap’s liquidity mining shall be live soon. Reef has also made provisions for a grant for the Kwikswap team through the Reef Developer Program. Reef is absolutely happy to be ushering in a new era of Layer 2 DeFi alongside KwikSwap!

“The dev teams and myself at Kwikswap are super excited to have the opportunity to partner with Reef to be the first DEX built on Reef Chain! We can’t wait to showcase Reef Chain in all its glory to the world and open our DEX on its mainnet!“ - James Lee

Kwikswap is one of the most talented team in the DeFi landscape — we are excited to have them on board as the first financial primitive on Reef Chain” — Denko Mancheski

About Kwikswap
Kwikswap DEX is an all-new Cross-chain Automated Protocol on Ethereum & Polkadot incorporating Plasm & Acala Network Parachains. The Kwikswap protocol provides developers, liquidity providers & traders the opportunity to participate in a decentralized financial marketplace that is open and accessible to all. It also contains a launchpad and NFT Marketplace

About Reef Finance
Reef is the first cross-chain DeFi operating system built on Polkadot. 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 CEXes and DEXes while offering smart lending, borrowing, staking, mining through an AI-driven personalized Reef Yield Engine.