May 24, 2021 — Lendefi Finance (“Lendefi”) is pleased to announce it will be joining the Reef Finance, (“Reef”) ecosystem to facilitate the operation and growth of its lending protocol.As an early adopter of Reef, Lendefi believes the decentralized nature of the Reef Chain will provide an ideal platform from which to achieve its protocol development and deployment goals.Reef is one of the most exciting projects within the DeFi environment. The recent deployment of their Reef Chain Testnet 1 as a Polkadot substrate, demonstrates Reef’s ability to rapidly deliver its decentralized network to the marketplace. Reef’s vision for decentralization is set to shape the way DeFi technologies are implemented.Lendefi’s strategic partnership with Reef will strengthen its ability to meet their development and deployment objectives. These include the governance launch, broader interoperability and scalability of the protocol. Due to the aligned DeFi vision and development roadmaps between Lendefi and Reef, onboarding Lendefi’s protocol to the Reef Chain represents a symbiotic engagement.In conjunction with the Reef Chain Developer Support Program, Lendefi will leverage Reef’s advisory on technical support, partnerships and marketing channels. Lendefi intends to deploy its DAO onto the Reef Chain and will utilize support from Reef to achieve this vision.Value proposition of the Lendefi-Reef relationshipThe operation of Lendefi’s protocol on the Reef Chain demonstrates an alignment of development goals within the DeFi environment. Reef’s vision for a decentralized network based upon independent nodes, mirrors Lendefi’s vision for a lending system based on a DAO principle. As both projects grow towards greater decentralization, they are building the foundations for the future of DeFi.The operation of Lendefi’s lending protocol on Reef Chain will feature:● A lending pool operating on the Reef Chain.● A bridge to facilitate the conversion of ERC-20 and BEP-20 tokens to REEF-20.● An interoperable smart DAO.In line with their…