Reef Finance partners with DEIP Network to bring a unique class of DeFi investment opportunities based on intellectual properties to users

DEIP Network is a Web 3.0 Layer-2 protocol developed on Substrate, which enables the discovery, evaluation, licensing and exchange of intangible assets in a decentralized manner. Using DEIP’s Intellectual Capital Protocol, users can turn any intangible asset, such as patents, copyrights, inventions, and intellectual properties, into fractional NFTs. These fractional NFTs can thereafter be traded, providing the holders fractional ownership over the assets.

DEIP wants to implement a fair, transparent, and trustless foundational infrastructure for unlocking the full potential of creators all around the world.

Reef is the world’s first cross-chain DeFi operating system which offers investors the easiest point of entry and the best investment opportunities from the entire DeFi landscape. The Reef Operating System aggregates liquidity from both centralized and decentralized sources and provides users with various baskets of DeFi products. Reef Finance has also developed Reef Chain, a blockchain developed on Substrate and customized for DeFi applications of the future, whose deployment is just around the corner.

Over the last few months, Reef Finance has partnered with some of the biggest DeFi players and ecosystems, including Elrond, Avalanche, Tron, and Harmony, and brought the most lucrative yield generating avenues to users. Time and again, Reef has sought to provide more value to our ecosystem members through a range of innovative products, be it the Reef Baskets or the Reef Bonds.

Through the partnership with DEIP Network, Reef is doing something completely different. Reef users will now be able to stake not only on yields of crypto-backed protocols, but also yields of tokenized intangible assets, such as inventions, patents, and other creative industries, which are available in the DEIP Network. These innovative investment opportunities will be available in the form of fractional NFTs as part of the Reef Baskets.

Speaking about this partnership, Denko Mancheski, CEO of Reef Finance, said “At Reef, we want to create new and exciting opportunities which would attract new investors to the DeFi markets. Our alliance with DEIP Network will now allow traders to buy and sell not just DeFi protocol tokens, but also tokenized shares of various intellectual properties and artworks. We are the first DeFi aggregator to offer this unique feature, and we’re confident that this will cause a surge of new entrants in the DeFi industry in the coming days”.

“Our mission at DEIP is to bring high-value intangible assets to the Web3 ecosystem and boost liquidity of these assets. By leveraging the Reef DeFi Aggregator we will bring liquidity for tokenized intangibles from a single aggregated source. We are excited to enter a strategic partnership with Reef and bring a totally new class of assets to the crypto space on a massive scale.” said Alex Shkor CEO of DEIP

About DEIP Network

DEIP Protocol (or Intellectual Capital Protocol) is a Web 3.0 Layer-2 application-specific protocol for intangible assets and derivatives. The protocol enables discovering, evaluation, licensing, and exchange of intangible assets. It is designed specifically for intangible assets tokenization (as F-NFT), governance (via DAO), and liquidity (via DeFi instruments and derivatives). DEIP is focusing on creative industries now and creating the most advanced decentralized protocol for the creative economy.

About Reef Finance

Reef Finance is the first cross-chain DeFi operating system, which offers users the ability to trade with access to liquidity from both CEXs and DEXs. It also offers DeFi services such as smart lending, borrowing, staking, and mining through its AI-driven personalized Reef Yield Engine. Reef has also developed Reef Chain, an EVM compatible DeFi blockchain built on the Substrate framework which will power the DeFi DApps of tomorrow. Reef Chain will provide massive scalability, enabling almost instant and low-cost transactions.

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