Ref Finance

Ref Finance is a core projects in the DeFi ecosystem on NEAR Protocol. Its main objective is to bring together the core components of DeFi, namely, decentralized exchange (DEX), lending protocol, synthetic asset issuer, and more.

Features

↔️ Trade

Trade tokens with automated market maker (AMM) exchange

💰 Pool

Provide liquidity and earn revenue from swap fee

🌾 Farm

Stake LP tokens into farms and earn rewards in return

🌈 Stake

Stake REF tokens to earn more REF tokens, by earning fees generated by the protocol

Token Utility

• Earning protocol revenue: Users who stake REF tokens to earn fees generated by the protocol
• Pooling: Users who provide liquidity with any REF token pairs earn swap fee from the associated pool(s)
• Farming: Users who stake their LP tokens into different farms, thus earning additional revenue
• Governance (Under Development): Users who stake xREF to participate in the governance and vote on key proposals

How Ref Finance Works

Inspired by Uniswap v2 and Curve Finance, Ref Finance is an automated liquidity protocol powered by two constant product functions:

• Swap function: x * y = k
• StableSwap function: χDn−1 * ∑ xi + ∏ xi = χDn + ( D / n )

Sources:

• https://guide.ref.finance/
• https://app.ref.finance/