What is Ref Finance?
Ref Finance is a community-led, multi-purpose DeFi platform built on the NEAR Protocol. It leverages NEAR’s low fees, fast finality, and WebAssembly-based runtime to offer a comprehensive DeFi ecosystem.
- Multiple pools in one contract
- Atomic transactions
- Customizable pool fee
Ref V2
Ref V2 introduces a Discretized Concentrated Liquidity (DCL) Automated Market Maker (AMM), enhancing both traders' and liquidity providers' experiences.
- Precise & efficient liquidity provision
- Reduced slippage within a price range
Ref V2 provides a more accurate and efficient trading experience by offering discretized liquidity within specific price ranges.
- Lower slippage
- Increased precision in liquidity allocation
Enhanced User Experience
Ref Finance aims to deliver a centralized exchange (CEX)-like experience on decentralized exchanges (DEXs) with features like built-in limit orders.
- CEX-like trading functionality
- Integrated limit order feature
Benefits for All Participants
The DCL AMM model is designed to be a positive-sum game, ensuring that both liquidity providers and traders benefit from the system.
- Both LPs and traders win
- Balanced incentives across the platform
Project Development
Ref Finance 2024 roadmap:
- Performance Improvements: Optimizing platform speed for a seamless user experience.
- Rebrand: Introducing a new brand identity with logo and style updates.
- MultiChainDex: Launching cross-chain asset swaps using Near Chain Abstraction technology.
- Chain Abstraction Assets Bridge: Expanding into a multi-chain ecosystem with minimal changes to the front-end and core smart contracts.
Other Projects in the Near Ecosystem
- Aurora: a decentralized, EVM-compatible layer 2 blockchain on the NEAR Protocol.
- Trisolaris: a high-speed DEX on NEAR's Aurora, offering low-cost trading.
- Somninum Space CUBEs: token for purchasing assets, services, and rewarding players in its VR ecosystem.
Ref Finance Price Analysis
As of December 25 2024 Ref Finance has a marketcap of $11M.
This is {{percentagefromath}} from its all time high of $10.64.
In terms of its tokenomics, there's a total supply of 100M with 36% currently outstanding.
Keep in mind Ref Finance has a fully diluted value of $30M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
