Reef Finance Launches Baskets to Make DeFi Index Investing Simple

Friday 09 April 2021, 1:58 AM AEST - 2 weeks ago

Reef Finance Launches Baskets to Make DeFi Index Investing Simple

April 8, 2021 — Reef Finance, the cross-chain DeFi operating system, has released its anticipated Reef Baskets product, allowing anyone to easily access diversified investment opportunities with crypto assets.

Reef Baskets V1 is an Ethereum-based framework for deploying collections of DeFi tokens and assets, functioning in a similar manner to the popular Exchange-Traded Funds (ETF) in traditional markets. Users can invest into a collection in just one action, instead of having to purchase each component separately.

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Reef Baskets is unique due to its integration with Reefs AI Smart Engine, which provides personalized investment recommendations based on the investors interests, risk appetite and past performance. Baskets are flexible and include a variety of profiles tailored for each need. For example, some baskets may only include small capitalization coins that offer higher potential for reward but also higher risk of loss. Notably, users will be able to customize their basket and create their own, with the assistance of the Smart Engine.

The first version of Reef Baskets is available on Ethereum, but with the upcoming release of the Polkadot-based Reef Chain, the platform will be moved to its new home. This will enable users to benefit from cross-chain liquidity while enjoying ultra-low transaction fees.

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, said Denko Mancheski, CEO at Reef Finance. Picking the winner is objectively hard in DeFi, and Reef Baskets combined with the Smart Engine simplifies the investment process.

Reef Finance was built on the promise of making DeFi easy. Reef offers a comprehensive suite of tools for the crypto DeFi investor to obtain yield across a variety of blockchains. Central to the project is Reef Chain, a Substrate-based blockchain supporting Ethereum smart contracts. R ...

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