reef.dex

BETA — not independently audited, on an early-stage chain. AI-assisted security review · Read more

$REEF presale is live — 150 BDAG per REEF, closes 6 Nov. View the presale → Airdrop: swap 1,000+ BDAG or add 5,000+ BDAG of liquidity on Reef before 6 Nov. RulesNot for US/UK persons. Unaudited beta.

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Slippage tolerance

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You receive

Reef is new, unaudited software. Pools can have little or no liquidity, and quotes can move between the time you type an amount and the time you confirm. Only trade what you can afford to lose, and check the receiving amount before you sign.

Top 5 tokens

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Ranked by BDAG traded through each token's BDAG pool. Rankings are not an endorsement: check the contract before trading.

REEF airdrop check

See which of a wallet's Reef actions since 7 Oct match the airdrop rules. This is a self-check, not the final list: places go to the first 1,000 wallets, ranked after the 6 Nov snapshot.

Pools

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Contracts

Router · 0xbd6fbA…Cc76

Factory · 0x960304…2239

WBDAG · 0x62ba5c…1FBA

Always check these against the source you trust before approving a large amount.

Build 2026-10-23-pools-search

Docs · Launch a token · Overview & testing brief (PDF) · built by benjiprojects1404

Risk disclosure

Reef is decentralized exchange software deployed on BlockDAG (chain 1404). It is unaudited. Use it at your own risk.
This interface only submits transactions that you review and sign yourself. Nothing is custodial — Reef never holds your funds or your private keys.
Smart contracts can contain bugs. Even well-tested code can behave unexpectedly, and losses from contract risk are not recoverable.
Prices, rates and quotes shown here are estimates at the time of loading and can change before your transaction confirms. Set a slippage tolerance you're comfortable with.
Providing liquidity can result in a loss compared to holding the underlying tokens (impermanent loss), and pool fees are not guaranteed to offset it.
Anyone can create a pool for any token. The existence of a pool or a token on this page is not an endorsement, and tokens can be worthless, mislabeled, or malicious. Verify the token contract address yourself before trading.
This app reads public blockchain data through third-party RPC endpoints (see RPC status). Availability and accuracy are outside Reef's control — if an endpoint misbehaves, switch to another before transacting.

No advice, no warranty

Nothing on this page is financial, investment, legal, or tax advice. It is provided for informational purposes only.
This software is provided "as is", without warranty of any kind, express or implied. To the fullest extent permitted by law, its authors and contributors accept no liability for any loss arising from its use.
You are solely responsible for complying with the laws that apply to you, including in your own jurisdiction. Do not use this app where doing so would be unlawful.
Reef is independent software and is not issued, endorsed, or operated by BlockDAG.

Read before you trade — FAQ

Has this been audited?

Not by an independent auditor yet. On 2 October 2026 every Reef contract had an AI-assisted security review: read line by line, tested with attacks, and matched to its published source on chain. It found no critical or high-severity issues. Read the review. That review isn’t an audit and can’t rule out bugs, so only trade or provide liquidity with amounts you’re fully comfortable losing.

Who controls Reef, and what can they actually do?

Reef's Router and Factory have no owner or admin at all — nobody can pause trading, block a wallet, freeze a pool, or take your funds. The one privileged role in the whole system is feeToSetter, which controls the protocol fee (currently on: 0.05% of every swap, out of the 0.30% total, goes to a treasury address) and can hand that role to a different address. It cannot touch liquidity that's already in a pool, and it cannot stop anyone from trading. feeToSetter is held by a 2-of-3 hardware-wallet multisig (three separate hardware-wallet signers, any two of which must approve) rather than a single key, so no one person can exercise it alone and losing one key doesn't lock it.

Is any token on Reef vetted or verified?

No. Pool creation is fully permissionless — anyone can list any token, including fake, mislabeled, or malicious ones. A pool showing up here is not an endorsement. Always verify a token's contract address against a source you trust before trading it.

What is impermanent loss?

When you provide liquidity to a pool, the ratio of the two tokens you hold shifts automatically as the price moves. If the price has moved a lot by the time you withdraw, you can end up with less total value than if you'd simply held the two tokens separately. Trading fees earned can offset this, but aren't guaranteed to.

Why does the RPC status panel compare endpoints against each other?

BlockDAG (chain 1404) is a young chain, and public RPC operators have not always agreed on its history — a node can report the correct chain ID while actually serving a different chain of blocks. Cross-checking endpoints against each other can tell you whether they currently agree; it can't tell you on its own which one is canonical. For anything beyond a small amount, verify independently before relying on a single endpoint.