Reef Finance Summary Recap with Shin Chan Community

  • On-chain governance — The slow innovation of Bitcoin and Ethereum is due to this issue. Reef’s #1 goal is achieving decentralization (we actually mean it, not just saying this word randomly). We aim to onboard many validators and achieve minority voting power for the Reef Team
    - Upgradability — Reef chain is self-upgradable by default. New features, security updates and performance optimizations can be installed with fork-less scheduled updates.
    - EVM extensions Reef chain extends EVM with native token bridge, scheduled calls (ie. recurring payments), and smart contract in-place code upgrades.
    - Reef Staking — Participate in Reef chain validation, upgrades and governance and earn rewards on your staked Reef tokens.
    - Liquidity Bridges — already talked about these in the above question.

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