Reef Finance aims to simplify DeFi investing through Baskets protocol

Reef Finance aims to simplify DeFi investing through Baskets protocol


Reef Finance, a DeFi ecosystem powered by Polkadot, has released a new investment product aimed at helping passive investors gain access to a broader portfolio of cryptocurrencies. 

Reef Baskets V1 is described as an “Ethereum-based framework for deploying collections of DeFi tokens” and other crypto assets. It operates in a similar manner to exchange-traded funds, or ETFs, which are popular among traditional investors and institutional managers.

Investors who use Reef Baskets have the opportunity to invest in multiple DeFi token baskets at the same time. Reef Finance describes its Baskets as a “quantitative approach to yield farming” that reduces an investor’s decision-making space to just two factors: how much money they are willing to invest and how much risk they are willing to assume.

Trending: Here We Go Again: Police Shoot 15-Year Old Black Girl in Columbus; Here are the Facts

The initial version of Reef Baskets is available on Ethereum, with a forthcoming release scheduled for the Polkadot-based Reef Chain.

CEO Denko Mancheski believes Reef Baskets provides a viable option for investors who don’t have time to sift

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!
Thanks for sharing!
Send this to a friend