TRON announced that it will enter into a strategic partnership with Reef, in order to create deeper liquidity options.
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 liquidity, and also with large investors who act
as stand-alone liquidity centers.
Next Generation Liquidity
The
ideas behind blockchain are sound, but as platforms like Ethereum have
gained a tremendous user base, the flaws in PoW systems have manifested
in super high transaction prices. Clearly, this isn’t going to be
sustainable, and both Reef and TRON know that better options need to
come into the marketplace.
Justin Sun, the founder of TRON, told media,
“We
are excited to expand TRON’s DeFi potential by partnering with Reef
Finance to bring its smart liquidity aggregator and AI-driven
recommendations to the TRON DeFi ecosystem…I truly believe that DeFi is
the answer to the flaws in the current financial systems we rely on and
this partnership brings us one step closer to lowering the barrier to
mass adoption”
Reef not only connects its users
to CEX and DEX liquidity, but it also uses a smart AI to help investors
get the most from their capital. With these tools, the best deals are
found, and capital flows to where it will create the greatest returns.
TRON’s
blockchain is far less likely to experience a rise in prices, as it is
based on a Delegated Proof-of-Stake (PoS) system. As Ethereum works to
upgrade its platform to a Proof-of-Stake (PoS) system, the door is being
left open for other platforms to enter the DeFi marketplace, and solve
issues like sky-high transaction prices.
Reef and TRON certainly
have the ability to innovate how DeFi operates, and also to give
investors of every size a way to access an emerging asset class that may
be the next frontier in global liquidity.
