Before jumping into 2023, it’s worth remembering what happened in 2022. The past year was marked by volatility and deleveraging in the crypto market, with major players like FTX, 3AC, and Voyager falling. Despite these events, we believe DeFi continues to offer greater security and efficiency through trustlessness and transparency…

Introduction What is the common denominator of Mt Gox, Quadriga and FTX? In addition to being potential Hollywood blockbusters, they all suffered from poor risk management and internal controls. Yet, with $9B in realised losses [1] (vs. $250M for Quadriga and $460M for Mt Gox [2]), the downfall of FTX and…

Introducing the Discretized Liquidity AMM with Limit Orders — Introduction & Background Ref Finance v2 is bringing the future of trading to NEAR: a Discretized Liquidity AMM (DLAMM) with limit orders. Launching in the coming weeks, you can soon enjoy a CEX-like trading experience with all the DEX benefits. TL;DR 1. The collapse of FTX points to the necessity for DEXs with trading…

A Ref Finance Research Series — Introduction & Background The current stablecoin market cap has reached an estimate of $146.41 billion (Oct 23, 2022 CoinmarketCap) and the number continues to grow. By comparison, Bitcoin’s market cap is $375 billion (Oct 23, 2022 CoinmarketCap) and Ethereum’s is $167 Billion (Oct 23, 2022 CoinmarketCap). The global cryptocurrency market cap is $943…

Introduction DeFi survived the Summer of 2022. Phew. While the heat wave was roasting the Northern Hemisphere, Ref discreetly celebrated the one-year anniversary of its main smart contract [1], on August 21st. Add to that NEARCON, NEAR Protocol’s flagship event in Lisbon, and DART, the NASA spacecraft that intentionally crashed into…

Sweat Economy, 2022 number 1 downloaded health and fitness app with more than 120 Million users, just successfully launched its TGE event on Near & Ethereum on Sept 13th. The SWEAT Token was then listed on Ref finance immediately, followed by a SWEAT-NEAR farm on Sep 14 with triple tokens…

Efficient swap fee earnings and less impermanent loss. — Introduction The launch of concentrated liquidity AMM is an achievement for Ref Finance and de facto the NEAR ecosystem. First, what is concentrated liquidity? It is the liquidity allocated within a custom price range. With the mechanics of concentrated liquidity, liquidity providers (LPs) can accumulate capital with smaller price intervals than…

Introduction Q2 was wild. $NEAR price decreased by 73% while the DeFi Pulse Index, $DPI, plunged 63% [1]. We have learned, once again, that biggy overleveraged crypto positions are as contagious as Covid when they turn sour. Yes, (crypto) History repeats itself, but so is DeFi’s resilience in the face of…

Your LOVE gets your favourite pools boosted — Discover Ref Tokenomics 2.0 As one of the first dapps on NEAR, and a community DAO-led effort at that, Ref Finance’s mission has always been to serve the community. That is why Ref is bringing the veToken (voting escrow token) to Ref 2.0, to make sure the voice of the Refinians comes first. Popularized…