Reef Finance, a decentralized finance ecosystem powered past Polkadot, has released a new investment product aimed at helping passive investors gain access to a broader portfolio of cryptocurrencies.

Reef Baskets V1 is described equally an "Ethereum-based framework for deploying collections of DeFi tokens" and other crypto avails. Information technology operates in a similar manner to exchange-traded funds, which are popular among traditional investors and institutional managers.

Investors who use Reef Baskets have the opportunity to invest in multiple DeFi token baskets at the aforementioned time. Reef Finance describes its Baskets as a "quantitative arroyo to yield farming" that reduces an investor's decision-making space to only two factors: how much money they are willing to invest and how much risk they are willing to assume.

The initial version of Reef Baskets is available on Ethereum, with a forthcoming release scheduled for the Polkadot-based Reef Chain.

Reef Finance CEO Denko Mancheski believes Reef Baskets provides a viable pick for investors who don't have fourth dimension to sift through the hundreds of new DeFi projects hitting the market. He explained:

"Reef Baskets are the ideal tool for the passive investor who may not wish to spend time researching and curating his own portfolio of tokens. [...] Picking the winner is objectively difficult in DeFi, and Reef Baskets combined with the Smart Engine simplifies the investment process."

Decentralized finance remains 1 of the hottest verticals within the blockchain manufacture. There are currently 274 cryptocurrencies listed in the DeFi category of CoinMarketCap, a effigy that is likely to expand significantly this year as more projects come online. The marketplace capitalization of existing DeFi projects is listed at just over $98 billion.

Reef Finance made headlines in March after it received $20 1000000 in strategic investments from Alameda Research. The purchase gave Alameda an estimated 528 million REEF tokens.