Reef 2025 Roadmap: Q1 Status Update
Reef is off to a good start in 2025, with momentum building with each week and month that passes.
The slow and steady approach is paying off as we build and attract builders to help form a comprehensive blockchain ecosystem that is fast, easy to use, and has something for everyone to enjoy.
Status Update on the 2024 Roadmap
Before setting our sights fully on 2025, we committed to completing the ambitious goals outlined in the 2024 roadmap by the end of Q1. While this hasn’t been achieved, we should finish this all before the end of Q2! This includes:
Orcanize: it’s coming along nicely. We had a delay while some infrastructure got connected, and some testnet issues that put things back a bit, but mainnet contract deployment happened recently. We anticipate a Q2 2025 launch!
Sqwid: new features are, indeed, coming! A better bulk creation tool is in review, and will be deployed as soon as we’re confident with it.
Bridge: LAUNCHED and available at https://reefbridge.app! Approximately 500 million REEF have come through the bridge, with millions of legacy tokens already burnt on Ethereum and BNB Chain.
We plan to close the bridge in Q1 2026, possibly earlier, so please bridge your REEF from Ethereum or BNB Chain to Reef Chain as soon as possible.
Status Update on the 2025 Roadmap
Lending Platform: no movement, but work on attracting an existing lending platform should commence in the next few weeks.
Native Stablecoin Platform: The team building this has been on pause for most of 2025, but recently picked up work again as other work was completed and they could re-focus some of their energy on this.
MetaMask Snap Plugin: In review with the MetaMask/ConsenSys team! We’re waiting on the MetaMask Snaps team to let us know what next steps are so we can launch this quality-of-life improvement.
Fiat Onramp Provider: We also plan to sign a deal in Q2, leading to a late Q2 or early Q3 2025 deployment.
Hydrastarter: In closed testing.
Partnerships with New Launchpads: no movement.
Liquid Staking Provider: no movement, we think this is a Q3 priority.
Utility-Focused Apps: no movement yet, probably a Q3/Q4 priority.
Hardware Wallet Integration: We have found an anonymous donor who’s working to bring back the Ledger hardware wallet app for Reef Chain, fully audited and available to all! We will provide additional updates as we can.
Shopify Integration: As Reef.Moda is moving away from Shopify, this is not a priority right now.
CEX Listings/Integrations
We have been hard at work with centralized exchanges, showing them that deprecating support for REEF on Ethereum and BNB Chain, and supporting Reef on Reef Chain exclusively instead, is the best way forward. So far Gate, MEXC and CoinEx have made the switch.
WhiteBIT publicly announced they are switching, with other exchanges coming as well. We’re in discussions with KuCoin, SuperEx, WEEX, Mandala, and others. This is a huge priority for us, and one we hope to complete with the most popular exchanges by the end of Q2 2025.
We are continuing to swap large amounts of REEF with Paribu, with an aim to swap at least 80% of the original amount Paribu had in custody as of 28 January 2025. Once that percentage has been reached, Paribu should enable REEF deposits and withdrawals exclusively on Reef Chain.
The REEF listing on Hotcoin, already announced, is happening soon as well.
Enhancing Existing dApps and Protocols
MetaMask support, via Reef’s MetaMask Snap, will come to Reef’s in-house built apps in the near future.
Reef Chain Wallet, already available for Android, has undergone a major retooling under the hood. It’s now faster and more reliable than ever before, with an imminent iOS launch on the horizon!
Derek recently began overhauling the Reef Chain Wallet user experience to make it more intuitive and user-friendly, baking in features like support for Mr.Dapps’ Reef Name Service. You can see some recent livestreams (1, 2) where he’s showing the wireframing process, and explaining his thinking. We have also been asking the community for feedback in Telegram, Discord and on X for new features to add.
Finally, VIA Labs’ integration of Reef Chain into their Proto-USD product is almost ready! That means you’ll be able to bridge USDC to and from Reef Chain, allowing many more DeFi and liquidity options on Reef Chain.
Marketing and Growth
Starting with Web3 Amsterdam back in March was a great event for Reef! It allowed us to re-introduce Reef to the industry, backed by our new narrative, focusing conversations on making it easy to get onchain. You can see Derek’s solo talk here, and his participation on a panel on growing blockchain adoption here. A big thanks to everyone who came by the booth to speak with us, and to the team for doing a great job representing Reef!
Finally, we have made a significant change in how we’re treating a portion of the legacy tokens we have received from CEXs in manual swaps. We did not make this decision lightly, but we did make it as a team, and it was needed in order to ensure Reef’s future. While the Community Developer Fund was previously generating around $6000 per month a few months ago, it’s now closer to $2000 per month. This is no longer enough to achieve the goals we set forth for 2025, and the goal of the CDF was explicitly Reef Chain ecosystem growth.
In light of this, we are announcing that we have been able to secure a new fundraising deal with Pinnacle Ventures that will lead to a minimum $1 million investment in Reef, with the possibility of a total investment of up to $3 million. Pinnacle is completing this investment in the form of daily tranche purchases, eventually leading up to $1 million. There is no vesting or lock-up period. The funds received are part of the Community Developer Fund, and will go towards the same goals the CDF was originally intended to fund.
As we continue to grow the Reef in 2025, we invite the Reef community to engage with us as we implement the plan. Your feedback and participation are crucial to Reef's success, and we'll continue to provide regular updates on our progress throughout the year.
Thank you for being part of the journey. Together, we’re building the best user experience in blockchain, one step at a time!
