Ref.Finance is the premier bluechip DeFi project of the NEAR Ecosystem. Combining best practices built into the NEAR Protocol, with a value-focused design of the core platform, Ref.Finance is a stack of DeFi services and products built around a core AMM. Set [tentatively] to initially launch 2.5% of its token supply on Skyward Finance in the middle of July, Ref is gearing up to offer competitive, affordable, and scalable DeFi services to the larger crypto-verse.
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.
Ref is developing at a time when DeFi is maturing and different L1 ecosystems are unfolding with their own suite of services and products. Ref holds a number of competitive advantages over similar products, but its most competitive offerings by far include its low-transaction fee model, built-in developer incentives, innovative liquidity pool design, existing interoperability with Ethereum via the Rainbow bridge, and decentralized governance through the Ref DAO. Read more : https://medium.com/nearprotocol/an-overview-of-ref-finance-e292eb4c43d1