Ref Finance Oversees Burrow to Strengthen DeFi on NEAR
Ref Finance has emerged as a frontrunner in the NEAR and broader DeFi ecosystems, boasting the highest daily active users (DAU) and a strong track record in development and security practices. With the vision of becoming the primary one-stop-shop for DeFi on NEAR, Ref continually seeks opportunities to elevate its product suite from the cross-chain swap, which aggregates Trisolaris liquidity pools, the Orderbook UI powered by Orderly Network, and most recently, the Burrow UI powered by Burrow.
In this effort, Ref Finance is thrilled to announce that it will oversee the protocol management and development of Burrow, the premier money market on NEAR. This strategic move solidifies Ref’s commitment to strengthen the DeFi ecosystem on NEAR through collaboration rather than competition. The full details on the implementation of Burrow’s protocol development and management can be read here.
To oversee Burrow’s protocol development and management represents Ref’s belief in the synergy that will come from integrating money markets into Ref’s existing product suite, and furthermore, expanding upon its functionalities. As a result of this arrangement, users will enjoy a seamless and powerful DeFi experience by accessing all current and future capabilities from the Burrow protocol integrated under a single UI on Ref.
Ref’s dedicated team of experts in product, engineering, as well as marketing and BD, will provide full-time support, ensuring continuous development, improvement, and enhanced community engagement.
“We are excited about overseeing Burrow’s Protocol, which reinforces our commitment to building a better NEAR DeFi ecosystem,” said Marco, CTO at Ref Finance. “Burrow’s protocol will perfectly complement our existing offerings, empowering users with an exceptional DeFi experience on NEAR Protocol.”
To further enhance its DeFi experience, Ref Finance is also unveiling an exciting product roadmap:
Updated Roadmap with the overseeing of Burrow Protocol
Q3
- Frontend improvement
- Full functional and integrated BOS components
- Revised Tokenomics
Q4
- Flash loan and flash liquidation
- LP token as collateral
- Margin trading
Extra Initiative
- LP Token Standardization
- Replacement of Oracle provider
More features would come in 2024 depending on the market situation and ecosystem
With the overseeing of Burrow and an ambitious product roadmap, Ref Finance is poised to drive innovation and growth in the NEAR DeFi space and broader DeFi ecosystems. By prioritising user experience, security, and collaboration with ecosystem projects, Ref Finance is charting a path towards a thriving DeFi ecosystem on NEAR Protocol.
About Ref Finance
Ref Finance is a leading decentralized finance (DeFi) application built on NEAR Protocol. With a mission to build a better DeFi ecosystem, Ref offers a comprehensive suite of features and aims to become the primary one-stop-shop for DeFi on NEAR. Through collaboration with ecosystem projects and a focus on user experience, Ref Finance is at the forefront of driving innovation and growth in the NEAR DeFi ecosystem.
