Reef opens the world up to crypto users by offering a liquidity and protocol aggregation platform, and becomes smarter the more you use it, due to its AI. Elrond, a network of public blockchains, on an internet scale, promises a high level of scalability, interoperability at a fast speed and low cost. The two powerhouses are now connecting to offer all the benefits of the Elrond Network through the Reef interface. This means that users are able to access all of the Elrond DeFi products through Reef.
The ultimate goal of this partnership and other similar partnerships is to make more DeFi applications accessible and easily available to a wider group of people, thus taking the next step in the ultimate goal of mass adoption.
The CEO of Elrond, Beniamin Mincu, an Early Blockchain Pioneer in Europe.as well as the Founder & CEO of MetaChain Capitalis, is inclined to agree. He believes that "assets that become globally available regardless of the originating platform will add up to a massive liquidity pool. The resulting unprecedented flow of value will amplify DeFi benefits for everyone. Actors like Reef Finance have the opportunity to enable that, so we are happy to interoperate towards our common vision."
Elrond has a strong investor backing from the likes of the head of Binance Labs, Ella Zhang:
"Elrond’s outstanding contributions rest on two foundational building blocks: a novel scaling approach of Adaptive State Sharding and Secure Proof of Stake consensus, enabling fast and secure decentralized networks."
eGold (EGLD) Token sits at the heart of the Elrond Network and can be used for everything from staking, governance, transactions, smart contracts and even validator rewards. This along with Elronds other native assets will also be made available via the Reef platform.
Reef Finance’s area of expertise lies in its liquidity aggregation platform that offers users an expanded liquidity pool, it also offers users the ability to manage their assets in a smart way. The coming together of these two giants will surely propel the pursuit for the Web3 revolution forwards.