🏘 A Community Based DeFi Platform
Ref.finance and how it is aiming to create a better market place with NEAR.
Today's Highlights
- Ref.finance - multi purpose DeFi platform
- This Week On BuzzBelow - a recap on this week's topics.
- In Other News - a few interesting developments we're tracking.
Ref.finance - multi purpose DeFi platform
Ref.finance is a community-led, multi-purpose DeFi platform built on Near Protocol. Ref.finance takes advantage of Near’s low fees, one-to-two second finality and webAssembly-based runtime. The platform allows users to trade tokens using its Automated Market Maker exchange, stake LP token into farms and provide liquidity to the system.
One of the major goals of Ref.finance is to partner with various NEAR projects and help them create market pairs on its platform and provide them with a better market place. Participants can either trade or become a liquidity provider or both in the platform by depositing an equivalent of each underlying token in exchange for LP tokens, also called “pool tokens”.
Any token on NEAR can be swapped or pooled on the platform with a simple tool that has been designed by Ref.finance. Ref.finance is a marketplace that allows crypto buyers and sellers to meet in a frictionless base.
Using the Ref.finance’s Automated Market Maker design traders can trade atomically. It allows users to create multiple liquidity pools in a single contract. It adds efficiency by allowing users to trade across these in a single transaction. The pool’s swap fees can be customized, allowing liquidity providers to charge higher fees for more volatile assets.
Ref.finance has raised a total of $4.8M in funding. Ref.finance was developed by Illia Polosukhin, co-founder of NEAR protocol.
This Week on BuzzBelow
Sukanya Ganesh
Srijan Bijjam
Sukanya Ganesh
Srijan Bijjam
In Other News
Eli Tan
Arnold Kirimi