Thread by @ReefDeFi

(1) Reef Finance is launching the #ReefChain Testnet on 31st March 🥁

We're excited to share with you the main features of ReefChain on the Testnet.

(2) 1️⃣ #Solidity Support - Developers will be able to seamlessly migrate #DeFi apps from #Ethereum to #ReefChain without any change in the base #Solidity code

#ReefChain will maximize the potential of all your favorite DeFi dApps.

(3) 2️⃣ Scalability - ReefChain will offer much higher transaction throughput and scalability esp compared to #Ethereum

Developers will be able to get a seamless DeFi experience by porting over.

(4) 3️⃣ Self Upgradability - ReefChain will be self-upgradable by default.

Using Substrate framework, new features, security updates, performance optimizations will all be installed easily without the need to fork blockchain.

(5) 4️⃣ EVM extension - ReefChain will extend the utility of #EVM (Ethereum Virtual Machine) with a host of features:

✅Native token bridge
✅Scheduled calls (i.e., recurring payments)
✅Smart contract in-place code updates

(6) 5️⃣ Reef Staking - ReefChain will support the #staking of the native $REEF token.

Get ready to stake your $REEF!

(7) 6️⃣ Liquidity Bridge - ReefChain will implement a token swap bridge to #Ethereum

You'll be able to wrap your existing ERC-20 tokens and easily transfer liquidity from legacy Ethereum to ReefChain.

(8)7⃣ Reef's Open Sourced - Reef's codebase is now open to the public on #github.

Anyone can review and contribute to our efforts in making DeFi mainstream.