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Denko Mancheski Profile picture
Denko Mancheski
@denkomancheski
CEO at https://t.co/TuwMAx1gm7
Jan 19, 2021 • 9 tweets • 6 min read
(1) Why DeFi needs @ReefDeFi?

🌈Reef Finance not only makes #DeFi easy, but is also essential for the progress of the DeFi industry.

The first @Polkadot project on @binance, #Reef solves the 3 biggest problems which plague DeFi today.

Read on to know more👇 (2)1️⃣Liquidity Problem

Both CEX & DEX suffer from unique problems
#CEX
- Prone to hacks
- Contain isolated silos of liquidity for different coins
- List selected coins

#DEX
- Difficult to use
- Unstable liquidity
- Trades are slow
- Usually suffer from congestion on #Ethereum