Ref Finance: Unlocking
Ref Finance is a leading decentralized finance (DeFi) platform built on the NEAR Protocol. It aims to provide users with a comprehensive suite of financial services, including decentralized exchanges
The first product Ref.Finance is launching is a novel AMM built on NEAR, similar in design to Uniswap. The nature of the $REF token, the governance of the Ref DAO, and the core services offered by Ref to projects in and beyond the NEAR Ecosystem, are all harmoniously integrated with the core functionality of this underlying AMM.
Swap Fees = $0.005 USD per swap paid in $NEAR. Of this, 1 bps is reserved for developer incentives for swaps, while 4 bps of each swap are reserved for the Ref Treasury.
1–2 Second Finality and Optimal runtime allowing for competitive settlement and costs between trades, on par with most existing centralized exchanges.
ERC20 compatible via the Rainbow Bridge and soon the Aurora Network, allowing for the rapid transfer of both Ethereum based and NEAR based assets between the two networks. As Rainbow Protocol is built out further into other L1 blockchains, assets will be easily listed and sold on Ref from other chains.
Decentralized Governance via the Ref DAO. Ref pushes the limits of community governance with a fully developed and deployed Astro DAO, split between two councils. Token generation, distribution, and management, are effectively governed in a decentralized and community-oriented manner.
DeFi Legos built around the core Ref AMM to allow for trading, swapping, synthetic asset issuance, tranching, and much more.
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