Reef is a fully modular Layer 1 blockchain built using the Substrate framework, offering EVM compatibility out of the box so developers can deploy Solidity-based smart contracts without changes. It’s engineered for next-gen DeFi with low gas fees, upgradable governance modules, and seamless cross-chain capabilities.
Key Features:
ReefSwap DEX A native decentralized exchange built on-chain, enabling seamless ERC‑20 token swaps with liquidity pools and yield farming incentives via the Reef ecosystem. Reef Bridge (Cross‑Chain Migration Tool) One-way, trust-minimized bridge now live—allowing REEF holders to migrate tokens from Ethereum and BNB Chain onto Reef Chain before Q1 2026. Swapped tokens are burned on the source chain to ensure minting parity. Staking & Governance Stake $REEF as a nominator and vote for validators. Validators process blocks under Nominated Proof-of-Stake (NPoS); transaction fees are burned to keep supply flexible. Token holders participate in upgradable on-chain governance through a technical council. Developer-Ready Stack Full support for Solidity, developer SDKs, and tools designed to simplify building and deploying smart contracts, including account abstraction, scheduled calls, and native liquidity layer protocols. Transparent Chain Monitoring ReefScan (block explorer) and Reef Chain Wallet offer user-friendly dashboards for real-time insights into transactions, tokens, staking status, and governance proposals.
Use Cases Liquidity Mining & Farming Provide liquidity on ReefSwap pools to earn swap fees and REEF-based yield via incentive programs. Token Bridging Access Migrate assets from Ethereum and costlier chains to Reef Chain for cheaper transactions and DeFi access. Staking for Rewards Stake REEF to support network consensus and governance—earning annual inflation-based rewards. DeFi DApp Launchpad Build and deploy smart contracts (lending, swaps, NFTs) with full access to Reef’s liquidity and governance modules. Cross-Chain Token Management Manage your assets across chains seamlessly—move REEF tokens across networks via Reef Bridge before the Q1 2026 deadline.
