Ref Finance
ValidatedDeFi
Swapping
REF$0.17664-1.09% ↓
The gateway of #NEAR DeFi - Top 1 DEX on Near
- 25 Followers25 Followers
- 23 Likes23 Likes
About Ref Finance
Ref Finance is a community-led, multi-purpose DeFi platform built on the NEAR Protocol. Ref takes full advantage of NEAR’s low fees, one-to-two second finality, and WebAssembly-based runtime (hello, Rust smart contracts!). Ref Finance offers users multiple functions: ↔️ Trade Trade tokens with our 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…
Ref Finance is a decentralized finance (DeFi) platform built on the NEAR Protocol. Its mission is to revolutionize decentralized trading by offering an efficient and low-cost trading experience powered by the NEAR blockchain. The platform combines token swaps, liquidity provision, and yield farming to deliver an all-in-one DeFi hub. Leveraging NEAR’s unique capabilities, Ref Finance aims to lower barriers to entry for users in DeFi, while providing high-speed, low-cost transactions.
As part of its mission, Ref Finance seeks to drive innovation in the DeFi space by introducing customizable liquidity pools and a governance system that ensures that the community has a voice in the platform’s development. Its position as a cornerstone of the NEAR DeFi ecosystem makes it one of the most important projects in the NEAR ecosystem, attracting both retail users and institutional players looking for DeFi solutions on a scalable network. Ref Finance allows users to engage with decentralized finance in a more efficient way, offering a robust platform that scales with demand.
Ref Finance Magic Store Validation Score
See Results ››Ref Finance Review Score by Real Users
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Ref Finance uses both Burrow and Orderly for it's portfolio management making it the most comprehensive portfolio manager imaginable. The fact that Ref Finance is on the NEAR blockchain is an extra plus for me, this is something NEAR needed. But my favorite thing has to be the daily meme coin airdrops. They do not release much daily, it will not make you rich. But it is an easy way to start stacking up on some memes you probably would not have bought otherwise. Plus you never know. Read More ››
0 people found this review funny
Ref Finance looks great! Here, a large, solid team, the ideas of the team and the development trend amazed their greatness! We are looking forward to the possibility of your product! Read More ››
0 people found this review funny
REF Token Price Chart (Real Time)
Token Statistics
- Market Cap$6,328,052.00
- Volume$58,036.00
- Circulating Supply35,823,246.972
- Max Supply-
- FDMC$17,664,652
About Ref Finance Token
The REF token plays a key role in the Ref Finance ecosystem, operating on the NEAR Protocol. It functions primarily as a utility and governance token, providing several avenues for users to interact with and benefit from the platform. The token supports various DeFi operations on Ref Finance, including liquidity provision, staking, and governance.
As a governance token, REF allows holders to vote on significant protocol upgrades and modifications, ensuring that the community has a say in the platform's future. This participatory feature makes it a cornerstone for decentralization, as users with REF tokens can propose and vote on changes, guiding the platform’s development direction.
From a utility perspective, REF tokens are used within the platform’s liquidity pools. Users can earn rewards by staking REF tokens in these pools or by providing liquidity to the Automated Market Maker (AMM) system. By adding liquidity, users are rewarded with a portion of the protocol’s trading fees, which are redistributed to those who stake tokens in the platform's liquidity pools.
Another important utility of the REF token is its staking feature, where users can stake REF tokens to earn additional rewards. Stakers also gain the right to participate in important governance decisions related to the platform. The token’s utility is further enhanced by its role in incentivizing long-term liquidity provision and driving community involvement in governance decisions.
The REF token is listed on decentralized exchanges like the Ref Finance platform and major centralized exchanges such as Binance and Gate.io. This multi-exchange presence ensures that the token is accessible to a wide audience and enables liquidity provision across several platforms.
Ref Finance Magic Store Trust Score
- Audit Score
- 0No. Of. Audits
- MediumScore
- Security Validators Score
- 16.10.2024Validation Date
Ref Finance User Trust Reviews
As a user of the cryptocurrency world, I recently stumbled upon Ref Finance and was absolutely amazed by its potential as the top 1 DEX on Near! As someone who is always looking for new ways to diversify my investments in DeFi, this platform has truly stood out from the rest. The user interface is incredibly sleek and easy-to-use, making it a breeze for both beginners and seasoned investors alike. The team behind Ref Finance has done an excellent job of creating a seamless experience that allows users to navigate through various features with ease. One aspect I particularly appreciated was the variety of tokens available on this platform. With over 50 different assets, it's evident that Ref Finance is dedicated to providing its users with ample opportunities for growth and diversification in their portfolios. The ability to trade these tokens at lightning-fast speeds using low fees has made my experience with Ref Finance incredibly rewarding thus far. Another noteworthy feature of this platform is the integration of staking options, which allows users like myself to earn passive income on their holdings while also contributing to the overall security and stability of the network. This is a fantastic way for investors to maximize their returns without having to actively manage their assets. In conclusion, Ref Finance has undoubtedly earned its position as the top 1 DEX on Near by offering an exceptional user experience, a diverse range of tokens and trading options, and innovative staking solutions that cater to various investment strategies. I highly recommend giving this platform a try if you're looking for a reliable and rewarding gateway into DeFi!Read More ››
0 people found this review funny
Ref Finance uses both Burrow and Orderly for it's portfolio management making it the most comprehensive portfolio manager imaginable. The fact that Ref Finance is on the NEAR blockchain is an extra plus for me, this is something NEAR needed. But my favorite thing has to be the daily meme coin airdrops. They do not release much daily, it will not make you rich. But it is an easy way to start stacking up on some memes you probably would not have bought otherwise. Plus you never know.Read More ››
0 people found this review funny
Ref Finance looks great! Here, a large, solid team, the ideas of the team and the development trend amazed their greatness! We are looking forward to the possibility of your product! Read More ››
0 people found this review funny
Ref Finance FAQ
Ref Finance leverages the NEAR Protocol to provide extremely low transaction fees, which is one of the platform's key benefits. NEAR's efficient and scalable blockchain enables high-speed transaction finality at a fraction of the cost of other networks like Ethereum. By using Ref Finance, users can perform token swaps, liquidity provision, and staking with minimal fees, making it an accessible platform for all levels of users.
The Rainbow Bridge is a unique tool that allows users to transfer assets between the Ethereum and NEAR Protocol blockchains. By integrating this bridge, Ref Finance enables seamless cross-chain asset movement, allowing users to take advantage of NEAR’s low fees while maintaining access to Ethereum-based tokens. This flexibility is crucial for DeFi users seeking to operate across multiple ecosystems.
While platforms like Uniswap and PancakeSwap dominate the DeFi space, Ref Finance differentiates itself by operating on the NEAR Protocol, which offers lower transaction costs and faster finality. Ref Finance also offers customizable liquidity pools and cross-chain compatibility with Ethereum via the Rainbow Bridge, making it highly flexible for diverse user needs.
Holding the REF token gives users the ability to participate in governance, meaning they can vote on platform upgrades, fee structures, and other important decisions. This decentralized governance model empowers the community to shape the future direction of Ref Finance, aligning the platform's growth with the needs of its users. Staking REF also earns rewards, making it a valuable asset beyond governance.
To begin yield farming on Ref Finance, you first need to create a NEAR wallet and fund it with NEAR tokens. Once your wallet is funded, you can choose a liquidity pool to provide assets and stake LP tokens. After staking, you’ll start earning rewards in REF tokens. Make sure to review the available pools for the best returns.