What does reef coin do?

Reef is an EVM-compatible blockchain for smart contracts with low fees, high scalability and amazing user experiences . Earlier, Reef Finance offered a DeFi platform that helped users access liquidity from centralized exchanges (CEXs) and decentralized exchanges (DEXs).

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How do you stake a reef coin?

While your Reef tokens are staked by nominating a validator , they are “locked” (i.e., bonded). You can receive new Reef tokens in your account but you cannot stake as a validator or transfer Reef tokens out from your account. You can un-nominate at any time to stop staking your funds.

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