Reef Baskets
Reef Finance has taken it up to make DeFi easy for everyone, irrespective of their background on Blockchain knowledge. Reef Finance ensures there is a space for everyone. Reef also aggregates liquidity from sources (centralized and decentralized) to allow its users gain access to the best DeFi opportunities on a single platform
In light of this, it has built the first cross-chain DeFi Operating System.
There is a solution provided by Reef Finance for investors to get great investment opportunities, it is called Reef Baskets. Its main purpose is to ease users' investment journey, manage and optimize investments.
Introducing Reef Baskets.
Reef Baskets are created for the purpose of simplifying the entry and management of various DeFi holdings from a single place. This means it will be possible for users to invest in multiple protocols through just a few simple steps instead of purchasing tokens over multiple exchanges and liquidity pools. They include a collection of DeFi tokens and assets.
Users will have options of selecting Reef Baskets based on associated risk and potential returns, the Reef baskets help DeFi investors ease their decision making. The two decisions left for them to take is: How much money should one invest? And, how much risk is one willing to take?
The Baskets will be customizable, which will allow users to:
• Modify how much of their funds are allocated to each pool
• Add/remove tokens as per their choice
Features of Reef baskets:
- One place to manage the investments.
- Invest in multiple protocols in just a few clicks.
- Strategy of choice (high-risk: high-return & low-risk:low-return).
- View historical returns of the basket up to 1-year.
- Real-time access to generate yield.
- Option to reinvest generated yield to liquidity pools and compounding the profit.
The first version of the Reef Baskets will be deployed on Ethereum. But due to the high transaction fee on the Ethereum blockchain, the Baskets will be migrated to Reef Chain, to provide a superior user experience, low transaction fee, and to make DeFi investments even easier than ever.
A quick guide to Reef Baskets: