Reef Finance, one of the most popular DeFi projects running on Polkadot, has informed about a collaboration with Kava. They are aiming to bring cross-chain DeFi to Polkadot.
The union of the two platforms seems to be promising as Reef is a permission-less smart liquidity aggregator and yield engine powered by Polkadot, and Kava is a next-generation lending platform. Kava was formed with Cosmos, a framework that also directs for compatibility, and the fellowship has been described as a way of connecting the networks.
Announcing the cooperation, Reef Finance’s CEO Denko Mancheski informed that the final goal is to reach full interoperability by connecting a Substrate pallet which executes IBC and Kava’s native IBC compatibility. This will facilitate the integration between Polkadot’s parachains and Kava’s DeFi environment.