Hey there fellow martians of the cryptoshere , Otto11 here and I've brought you exciting news...
Well, this is a few days old already but I thought I'd share it with my own audience.
Well what's the news?
Reef Finance and Oropocket's Open defi just became partners.
Okay I am pretty sure some of your guys would be wondering what this has got to do with you , or why you need to know this.
Aaah!!! Already ahead of you there ,so I worked up something to jog up the memory very quickly , we will start with...
What is Decentralized Finance ? :
As I like to do , I'd like to give two definitions which would be :
A). It is an experimental form of finance that does not rely on centraliz d Financial intermediaries such as exchanges, banks or brokerages , and instead uses smart contract n.
So let's clearly explain it like this
B). It is th transfer of control from the common financial institutions like banks , exchanges etc to more efficient fast and trusted financial application , which disrupts the old methods through decentralization modelled to operate on the block chain.
Yes- , Yes , Yesss!!!! I know this already , so what about Reef?
Aiiit , so talking about Reef finance , oh! and let's not forget about Open defi...
Reef finance :
It's a smart liquidity aggregator and yeild engine that enables trading with access to liquidity from both CEXs and DEXs while offering smart lending , borrowing , staking and mining through A.I driven personalized Reef engine.
While Open defi...
Is a platform that encourages the tokenization of real world assets such as gold , stock, commodities ,ETFs , Silver and many more.
What are the advantages of this partnership :
Firstly since we know that Reef is solely powered by polkadot it's main advantages are -
1). Access to multiple ecosystems
2). True interoperability.
3). Flexible and Open source underlying architecture.
4). Economic and Transactional scalability.
5). Decentralized Governance.
While some of the main advantages of Opendefi are ;
1). Instant trading
2). Instant low cost loans.
3). Interest based assets.
4).And it allows you to be able to divide your assets into managale chunks.
Now before my final thought ..
What exactly is this union going to bring or make possible?
Well...
Final thoughts :
AND THEY'RE TWO
One of the added advantages I can clearly see from my point here is that :
- It will allow Reef finance users to access yeild generation opportunities and recieve instant loans on assets.
- It's also clear too that Reef has stayed true to their cause (not that it's a bad thing though) which is access to multiple ecosystems.
So , from my hands and every one hodling Reef I'm saying congratulations ,and I am looking forward to more progressive partnerships in the future .
Once again I am #Otto11 , have a good one.
Congratulations @otto11! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCongratulations @otto11! You received a personal badge!
You can view your badges on your board and compare yourself to others in the Ranking