Polkadot-powered DeFi platform Reef to utilize Pinknode for secure API endpoints » CryptoNinjas
Reef Finance, the organization building Reef Chain, a DeFi blockchain built using Substrate Framework, recently announced integration with Pinknode to provide secure and reliable API endpoints for Reef users.
The Reef Finance platform allows users access to a multitude of DeFi products across multiple chains by aggregating liquidity from the most profitable centralized and decentralized spaces.
Pinknode is a Polkadot-only protocol that aims to empower developers with its node-as-a-service solutions for accelerating product life cycles by removing an entire layer of inefficiencies and complexities. Pinknode’s mission is to build leading infrastructure and exceptional tools for developers. These tools will empower teams to build upon and boost the development of Web 3.0 protocol, Polkadot.
“Pinknode’s team would like to say a big thank you to Reef Finance’s team for trusting us with the provision of node and API endpoint services to them and their users; this has been nothing short of amazing. We feel extremely privileged to be part of Reef Finance’s mission on becoming a multi-chain DeFi protocol. We are looking forward to achieving great things with them.”
– Eric Poh, Pinknode, CEO
The Reef Finance team has developed Reef Chain, a fast, scalable, and EVM-compatible chain for DeFi applications. Reef Chain is currently in the canary version of the mainnet. The official mainnet is due to launch in a couple of weeks. Reef Chain is a customized blockchain that allows developers to build DApps or deploy existing projects from Ethereum.
Pinknode + Reef
Firstly, Pinknode has been appointed as a key node provider to Reef Finance; and will provide the platform with network access to Polkadot using Pinknode’s secure and reliable API endpoints.
Reef Finance has planned to use the atomic bridge for asset trading on Polkadot that requires proprietary node service, and Pinknode’s node services offer high throughput with low latency.
The partnership will also enable Pinknode’s architecture to experience a massive user traffic flow. The collaboration will significantly enhance Reef’s user experience as users will feel the efficiency of Pinknode’s middleware infrastructure.
“The Reef Finance team is pleased to get the support of Pinknode and its node services; that will not only enhance our user experience but will also greatly impact our journey to make DeFi easy for everyone. This support will take our efforts to help users in their DeFi operations to another level; and help us achieve our platform goals.”
– Denko Manceski, Reef Finance, CEO