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

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 2026-09-29-recent-trades

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

Risk disclosure

No advice, no warranty

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-2 hardware-wallet multisig (separate Trezor and Ledger signers) rather than a single key, so no one person can exercise it alone.

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.

Select a token

These are the tokens that already have a pool on Reef. Anyone can create a pool, including for a fake token with a familiar name, so always check the contract address against the project's own website before trading.

RPC status

This app reads pool and balance data from these public BlockDAG endpoints. Your wallet uses its own connection for anything you sign. Pick a faster one if quotes feel slow.

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