Reef Finance Expands Into NFT, Partners With Aavegotchi

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Reef Finance Expands Into NFT, Partners With Aavegotchi
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Reef Finance, a smart liquidity aggregator and multi-chain yield engine that makes decentralized finance easy and massively accessible has just partnered with Aavegotchi.

Aavegotchi, on the other hand, is a popular and innovative non-fungible token project that employs mechanisms that combines the NFT concept with gaming tools.

First, Yet Best NFT Partner For Reef Finance

Aavegotchi’s effectiveness in the Defi space makes it undoubtedly the best NFT partnership for Reef Finance. The Aavegotchi projects are essentially valuable.

This NFT project through the Aave Defi protocol demands some underlying aTokens in form of collateral, which acts as a driving tool for its operations. As such, Aavegotchi is prone to destruction once the aTokens are being withdrawn.

Utilizing the opportunity that comes with the newest NFT partnership, Patrons using the Reef Finance platform “can easily interact with Aavegotchis by simply staking the REEF tokens” according to the announcement.

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COO at Aavegotchi’s Pixelcraft Studios, Jesse Johnson acknowledged Reef’s system of being capable to complement theirs, saying;

“Reef continually delivers on their promises and has built out a series of financial products that embody our shared belief in decentralization… Importantly, they’ve also achieved this by injecting personality into finance. That’s something we vibe with.”

Reef Finance to Explore NFT Space

Via the latest move, Reef Finance is set to explore the NFT space. The partnership appears to be a stepping stone for the company’s ongoing project.

The company recently launched its Reef chain to accommodate NFT platforms and tokens. Furthermore, they are currently aiming at aggregating liquidity across all centralized and decentralized venues.

“We’re excited to begin onboarding NFT projects. You can’t beat Reef Chain’s low gas fees and thorough developer support,” the CEO of Reef Finance, Denko Mancheski, concluded while expressing his delights.