Reef Finance is the organization that built Reef Chain (a DeFi blockchain built using Substrate Framework). It recently announced its integration with Pinknode to provide Reef users with a safe and reliable API endpoint.
The Reef Finance platform aggregates liquidity from the most profitable centralized and decentralized space, allowing users to access multiple DeFi products across multiple chains.
Pinknode is a Polkadot-only protocol designed to provide developers with a node-as-a-service solution by eliminating the entire inefficiency and complexity layer to speed up the product life cycle. Pinknode’s mission is to build leading infrastructure and excellent tools for developers. These tools will enable the team to establish and facilitate the development of the Web 3.0 protocol Polkadot.
“The Pinknode team is very grateful to the Reef Finance team for trusting us to provide them and their users with node and API endpoint services; this is really amazing. We are very honored to be part of Reef Finance’s mission to become a multi-chain DeFi protocol. We look forward to working with them Achieve great achievements together.”
– Eric Poh, Pinknode, CEO
The Reef Finance team developed Reef chain, A fast, scalable and EVM compatible chain for DeFi applications. Reef Chain is currently in the canary version of the mainnet. The official mainnet will be launched within a few weeks. Reef Chain is a customized blockchain that allows developers to build DApps or deploy existing projects from Ethereum.
Pinknode + Coral Reef
First of all, Pinknode is designated as the key node provider of Reef Finance; and will use Pinknode’s secure and reliable API endpoints to provide the platform with network access to Polkadot.
Reef Finance plans to use Atomic Bridge to conduct asset transactions that require proprietary node services on Polkadot, while Pinknode’s node services provide high throughput and low latency.
The partnership will also enable Pinknode’s architecture to experience massive user traffic. This cooperation will significantly improve Reef’s user experience, because users will feel the efficiency of Pinknode’s middleware infrastructure.
“The Reef Finance team is very pleased to be supported by Pinknode and its node services; this will not only enhance our user experience, but will also greatly affect our journey of making DeFi easy for everyone. This support will allow us to work hard to help users DeFi operations have taken a step further; and helped us achieve our platform goals.”
– Denko Manceski, Reef Finance, CEO