/biz/ - Business & Finance

An anon summaries the recent coffee chat here.
>>27717627

I spent some time DYORing yesterday >>27685209, feeling pretty tired but if there's interest I'll continue.

>>27688141
It's almost as if I link things (https://research.binance.com/en/projects/reef-finance)) for a reason. I don't know where coingecko gets its number from (perhaps the ethereum contract?).

>>27688183
Link?

>>27688759
I currently own 355,000 Reef most of which I brought at a loss near the top. I should have DOYR before I purchased so much but hey, better late than never right? Hopefully this thread is helpful to others too.

>>27687894
Continuing with their whitepaper.
> Reef delivers on the promise of smarter crypto trading through two major
components and enables:
> • Trading of assets via the Global Liquidity Aggregator with access to liquidity from both centralized exchanges and DEX’s;

The combination of CeX liquidity is perhaps the most interesting part of this project. If we look on their website it is suggested the CeX ecosystem includes Kraken, Binance and coinbase.
Out of these reef is currently only listed on Binance so research is required to see what how the partnership works. Skimming the paper it also doesn't seem to mention how CeX integration will work.

> • Smart lending, borrowing, staking, mining through the AI-driven personalized Reef Smart Yield Farming Aggregator.

I mentioned this at the start >>27687334, this is perhaps the most questionable part of the project. The AI driven section is relegated to an off chain oracle that depends on trusting the reef team. This is perhaps done out of necessity but this is to be seen.