Manta Network Partners with Reef Finance for Liquidity Solutions
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Manta Network today announced its partnership with Reef Finance to work on increasing the liquidity of Manta’s trading pools on its privacy-preserving decentralized exchange. Additionally, Reef and Manta intend to explore privacy-token modularity and new use cases for it in DeFi. Reef is a smart liquidity aggregator and yield engine that enables trading with access to liquidity from both CEXs and DEXs while offering smart lending, borrowing, staking, mining through AI driven personalized Reef Yield Engine.
“Getting liquidity will be key for our DEX product because it directly affects the user experience,” said Victor Ji, cofounder of Manta Network. “We’re excited to partner with Reef Finance to start leveraging its smart liquidity aggregation as one of multiple solutions for DEX liquidity.”
“We see tremendous value with Manta Network’s on-chain privacy-preservation, and look forward to collaborating on how to integrate that functionality within our ecosystem,” said Denko Mancheski, Founder and CEO of Reef Finance.
Manta Network is building the first interoperable and privacy-preserving DeFi stack. It uses zk-SNARK and will become a Polkadot parachain to provide complete end-to-end privacy, high throughput, and cross-chain interoperability. Services include a decentralized privacy payment protocol as well as a decentralized privacy token exchange protocol.
