Reef, an EVM (Earned Value Management) compatible cross-chain, has disclosed the partnership with Kwikswap to develop the Reef Chain to expand its ecosystem. The Reef is Decentralized Finance (DeFi) based operating system built on the platform Polkadot. On the other hand, Kwikswap is a decentralized protocol built on Ethereum (ETH) network. Both have shared their concerns and expertise to develop a special and unique platform to change the trading trend in a fast and efficient way.
Kwikswap, just like Uniswap, allows the different developers to build on kwikswap’s dApp UI and API (Application Programming Interphase) along with source code to assist in stretching the protocol reach. Kwikswap will be generating maximum leverage based on the scalability of the Reef chain while minimizing the fee/charges by simply developing on Reef Chain.
Kwikswap and Reef Chain of Parallel Grounds
Kwikswap is Polkadot’s incorporating decentralized protocol being built on the Ethereum (ETH) network. It is also known as layer two scaling cross-chain that allows the customers to use the platform for the sake of swapping, liquidity, staking, and market creation, along with developing the platform’s tokens and wallets as well.
While Reef Chain is an efficient and trusted gateway to Decentralized Finance by means of protocol aggregation, liquidity, multi-chain accessibility, and propriety analytics, this platform is being secured by the shared security module of Polkadot well-known for its forkless upgradability and high resilience.
Reef Chain possesses higher scalability and throughputs than Ethereum (ETH) and facilitates port of the existing DeFi (Decentralized Finance) applications from ETH to Reef chain via chain’s Solidity Support. It is important to note that Reef Chain possesses the feature of self-upgradability by means of novel liquidity which is operational from now on.
Scope of the Partnership between Reef Finance and Kwikswap
This partnership between Reef and Kwikswap is going to revolutionize the trading firm as it makes sense because this collaboration would help the Kwikswap customers to trade the crypto assets in ultra-fast speed with minimal or you may call it on almost zero gas fee charges by means of Reef chain platform.
Kwikswap is developed on its unique source code and self-motored token exchange with distinguished features on the Reef Chain, which are Web3 integrated non-custodial wallets, abilities of market creation for all end-users, fee share, liquidity, KWIK token staking rewards, and ultra-fast trading platform on cheaper fee/charges.
Last but not least, Reef will also facilitate the special grant for the team of Kwikswap by Reef’s Developer Program, and more importantly, the aim is to also make it go live the liquidity mining of Kwikswap in the near future.