A Letter to The Reef Community

Dear Reef Community, Our team was in Dubai for the past few days at the Global DeFi Congress, and we have many exciting, long-awaited updates to share. We value every single community member and his or her feedback and that is why we have created an update for our community. Besides this blog post, an in-depth discussion about the topics below will be discussed during the AMA session later today. Reef’s vision has always been to make DeFi easy and accessible to everyone. Unfortunately, there is a more significant issue standing in the way — scalability, or lack thereof. For many people, the fees of entering and exiting a DeFi position on Ethereum far outweigh any potential earnings.