Reef Finance aims to simplify DeFi investing through Baskets protocol


Reef Finance, a decentralized finance 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, which are popular among traditional investors and institutional managers.

How To Get Free Crypto  

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.

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

Reef Finance CEO Denko Mancheski believes Reef Baskets provides a viable option for investors who don’t have time to sift through the hundreds of new DeFi projects hitting the market. He explained:

“Reef Baskets are the ideal tool for the passive investor who may not wish to spend time researching and curating his own portfolio of tokens. […] Picking the winner is objectively hard in DeFi, and Reef Baskets combined with the Smart Engine simplifies the investment process.”

Decentralized finance remains one of the hottest verticals within the blockchain industry. There are currently 274 cryptocurrencies listed in the DeFi category of CoinMarketCap, a figure that is likely to expand significantly this year as more projects come online. The market capitalization of existing DeFi projects is listed at just over $98 billion.

Coinbase Banner  

Reef Finance made headlines in March after it received $20 million in strategic investments from Alameda Research. The purchase gave Alameda an estimated 528 million REEF tokens.

Go to Source
Author: Sam Bourgi

Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.