{"id":222128,"date":"2021-04-08T20:43:34","date_gmt":"2021-04-08T17:43:34","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/reef-finance-aims-to-simplify-defi-investing-through-baskets-protocol\/"},"modified":"2021-04-08T20:43:34","modified_gmt":"2021-04-08T17:43:34","slug":"reef-finance-aims-to-simplify-defi-investing-through-baskets-protocol","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/reef-finance-aims-to-simplify-defi-investing-through-baskets-protocol\/","title":{"rendered":"# Reef Finance aims to simplify DeFi investing through Baskets protocol"},"content":{"rendered":"<p>&#8220;<strong># Reef Finance aims to simplify DeFi investing through Baskets protocol  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvNWM5MmNjMDMtNWFkMi00MDIyLThlZmQtMjlmMTM0YTJjMDY1LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Reef Finance, a DeFi ecosystem powered by Polkadot, has released a new investment product aimed at helping passive investors gain access to a broader portfolio of cryptocurrencies.\u00a0<\/p>\n<p>Reef Baskets V1 is described as an \u201cEthereum-based framework for deploying collections of DeFi tokens\u201d and other crypto assets. It operates in a similar manner to exchange-traded funds, or ETFs, which are popular among traditional investors and institutional managers.<\/p>\n<p>Investors who use Reef Baskets have the opportunity to invest in multiple DeFi token baskets at the same time. Reef Finance <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=ktpSV9_hnNY\">describes<\/a> its Baskets as a \u201cquantitative <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roach to yield farming\u201d that reduces an investor\u2019s decision-making space to just two factors: how much money they are willing to invest and how much risk they are willing to assume.<\/p>\n<p>The initial version of Reef Baskets is available on Ethereum, with a forthcoming release scheduled for the Polkadot-based Reef Chain. <\/p>\n<p>CEO Denko Mancheski believes Reef Baskets provides a viable option for investors who don\u2019t have time to sift through the hundreds of new DeFi projects hitting the market. He explained:<\/p>\n<blockquote><p>\u201cReef Baskets are the ideal tool for the passive investor who may not wish to spend time researching and curating his own portfolio of tokens [&#8230;] Picking the winner is objectively hard in DeFi, and Reef Baskets combined with the Smart Engine simplifies the investment process.\u201d<\/p><\/blockquote>\n<p>Decentralized finance remains one of the hottest verticals within the blockchain industry. There are currently 274 cryptocurrencies listed in the DeFi category of CoinMarketCap, a figure that is likely to expand significantly this year as more projects come online. The market cap of existing DeFi projects is listed at just over $98 billion. <\/p>\n<p>Reef Finance made headlines last month after it received $20 million in strategic investments from Alameda Research. The purchase gave Alameda an estimated 528 million REEF tokens. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/reef-finance-aims-to-simplify-defi-investing-through-baskets-protocol\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Reef Finance aims to simplify DeFi investing through Baskets protocol &#8221; Reef Finance, a DeFi ecosystem powered by Polkadot, has released a new investment product aimed at helping passive investors gain access to a broader portfolio of cryptocurrencies.\u00a0 Reef Baskets V1 is described as an \u201cEthereum-based framework for deploying collections of DeFi tokens\u201d and&#8230;<\/p>\n","protected":false},"author":1,"featured_media":222129,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvNWM5MmNjMDMtNWFkMi00MDIyLThlZmQtMjlmMTM0YTJjMDY1LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74863,75239,74868,75849,117],"class_list":["post-222128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrencies","tag-decentralized-finance","tag-defi","tag-etf","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/222128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=222128"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/222128\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/222129"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=222128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=222128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=222128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}