This was originally posted on July 13, 2021 and now contains information that is out-of-date.
Reef Chain just launched the industry's first blockchain exclusively built to support the DeFi space. Built with cutting-edge technology and state-of-the-art features, the Reef Chain Mainnet will host and empower the DeFi DApps of tomorrow while offering a seamless migration for DApps of today.
A decentralized application (dApp) is a software application that runs on a distributed network like Reef Chain. The application is hosted on a decentralized peer-to-peer network instead of a common centralized server. The main benefit of a DApp is control over your information, as no monopoly institution persists or owns your data. As the app is distributed, it also does not rely on a single point of failure. DApps are more secure, offer better transparency over your data, provide higher speed and affordable transactions.
Our experienced teams at Reef are familiar with the specialties and focus required for DApp projects and their entire development lifecycle. We genuinely welcome collaboration to improve DApp projects that build on Reef Chain and contribute to our ecosystem.
Support and Cooperation is Key
DApp development on Reef is facilitated by a wide variety of support programs. These are suitable for many different use cases. They include support for developers who are simply interested in getting started or proven projects that want to accelerate their growth. Developers can actively participate in the Reef Discord chat to access the Reef community and its knowledge base.
Funding
We want to work closely with the developer community. This is the best way to build the DeFi applications of the future and make DeFi accessible for everyone. For this reason, we launched a $20M Grant Fund for six key development areas:
Wallets and Interfaces
DeFi Lending Protocols and Bridges
Runtime Modules and Chains
NFT Development
DEXs, Development and Deployment Tools
Individual Programs
The Reef funding ecosystem is combined with the Reef Developers Interest Program, Reefstarter IDO, and Reef Validators Interest Program. These programs are specially developed consulting programs for individual needs and will help solve challenges around the barrier of entry. The individual programs will also stimulate your development process and jumpstart your DApp project.
Community & Support
Developers understand the value of collaboration. On Reef Discord, you can freely ask questions any time of day, and use the community to ensure your development runs smoothly. They’re there to support and guide you throughout the entire project life cycle.
Kwikswaps DApp Success Story on Reef
Kwikswap DEX has just announced its launch on Reef Chain. Kwikswap has reported that Reef Chain is easy to use with its support of Solidity and EVM. Reef Chain also features higher transaction throughput than legacy Ethereum and is more efficient in blockchain storage as it processes larger volumes of transactions due to its architecture.
Much like Uniswap, KwikSwap enables other developers to build on its API’s, DApp UI and source code, which can assist in extending the reach of the protocol. By building on Reef Chain, Kwikswap will be able to leverage Reef Chain’s high scalability and higher throughputs while minimizing gas fees encumbered by users.
Kwikswap’s founder James Lee and CTO Mirza Usman are extremely excited to be working closely with Reef’s core team and developers and are anticipating the deployment of Kwikswap DEX on Reef Chain Mainnet as soon as it’s launched.
6 Step Guide to Get Started with DApp Development
Apply for a Support Program that suits you best.
2. Apply for project funding
3. Visit https://docs.reef.finance/
4. Choose Quick Start or Developer Guide
5. Deploy your DApp to Reef Chain
6. Get Reef Marketing Support, Users & Community Exchange
About Reef Finance
Reef Finance is building Reef Chain, a DeFi blockchain built using Substrate Framework. Reef Chain provides high scalability, enabling almost instant low-cost transactions, and supports Solidity and EVM, allowing developers to seamlessly migrate their DApps from Ethereum without any change in the codebase. Our vision is to make DeFi easy for everyone to invest in and build DeFi applications on top of Reef Chain.
Reef Finance has developed a fast, scalable, and EVM-compatible chain for DeFi applications, Reef Chain. Reef Chain is currently in the canary version of the mainnet and the official mainnet is due to launch in the next couple of weeks. Reef Chain is a customized blockchain that allows developers to build DApps or deploy existing projects from Ethereum.
