Ref Finance (NEAR)
Serhii R.
Ref combines several core components: a decentralized exchange, lending, a synthetic asset issuer, and more -— into a single, synchronous DeFi stack. Ref will take full advantage of NEAR’s low fees ($0.005 per swap), one-to-two second finality, and WebAssembly-based runtime (hello, Rust smart contracts!) to rival even CEX costs and speeds and become a powerful addition to the increasingly multi-chain DeFi ecosystem. Using the recently launched Rainbow Bridge (NEAR <> ETH), traders can utilize the billions of dollars in ERC-20-compliant assets from Ethereum, and eventually, from any chain (BSC, Polygon/Matic, Cosmos/IBC, and others) on NEAR.
Serhii R.
Ref Finance is the first major DeFi application on the rapidly growing NEAR blockchain. Ref is currently an automated marketplace but has plans to expand to a full range of financial products including:
- landing page
- integration of native stablecoins
- smart routing and pricing
Ref Finance is the protocol with the highest total value locked (TVL) in the NEAR ecosystem, which stands at $248.96 million.