Reef to Pursue Other Bridge Opportunities. Hello Reef community,.
14 Jul 2023, 18:19
Reef to Pursue Other Bridge Opportunities
Hello Reef community,
As many of you have seen, Multichain (formerly known as AnySwap) has been undergoing a series of problems over the past few weeks. While we have remained in communication with them and were initially optimistic the team could overcome their technical challenges, it has become clear that we must now pursue other options.
No liquidity was ever provided by Reef to Multichain’s bridge, and therefore no funds are at risk.
Please rest assured that Reef’s operations and business development teams have been in discussions with other bridges for several months now in case we needed a contingency plan, and those discussions have accelerated in recent weeks. We remain confident that a high-quality, secure bridge will add support for Reef Chain this year, and we will update you when we have more information to share with you all.
Thank you for your continued support and belief! We’re very excited to see ReefSwap launch its testnet in the very near future, the teams that have joined Reef Labs and are already working on adding Reef Chain support to their protocols or dApps, and other initiatives we have yet to unveil.
We hope you all have a great weekend. 💜🪸