Ref Finance

Ref Finance is a Multi-purpose DeFi platform built on NEAR Protocol. 

Ref takes full advantage of NEAR’s low fees, one-to-two second finality, and WebAssembly-based runtime (hello, Rust smart contracts!). In addition to the advantages of being built on top of NEAR, Ref Finance provides:

• Multiple pools in one contract
• Atomic transactions
• Customisable pool fee    

Ref Finance is an open-source software.

The platform is fully permissionless and removes the need for trusted intermediaries, prioritising decentralisation and censorship resistance. Anyone can trade and/or become a liquidity provider (LP) for a pool by depositing an equivalent value of each underlying token in return for pool tokens (LP tokens). These tokens track pro-rata LP shares of the total reserves, and can be redeemed for the underlying assets at any time.

REF Finance acts as the gateway into the entire ecosystem through its AMM, which provides liquidity and swapping features for all decentralized application launching on NEAR. To do this, REF implements the renowned Rainbow Bridge which seamlessly bridges Ethereum based assets over to NEAR, thus bringing access for an array of DeFi users to lower fees and faster transaction speeds.