Ref Finance Partners with WOO Network
$WOO Liquidity coming to Ref, bridging NEAR and Ethereum ecosystem.
One ecosystem has potential, but two creates impact. WOO Network and Ref Finance are partnering to keep on expanding the multi-chain world of 2022. As WOO Network wishes to partner with top layer one networks, it is a no brainer as the next one will be NEAR protocol. This partnership enables a new token pair for increased liquidity for $WOO holders and NEAR holders through a new pool on Ref Finance.
We aim to offer more liquidity to the participating parties (WOO and Ref) by increasing the usability and offering for their communities. Increased opportunities for token holders are part of the competitive advantage we can offer as a mutually beneficial partnership.
What is WOO Network?
WOO Network is a deep liquidity network connecting traders, exchanges, institutions, and DeFi platforms with democratized access to the best-in-class liquidity, trading execution, and yield generation strategies at lower or zero cost. WOO Network was incubated by Kronos Research, a multi-strategy trading firm that specializes in market making, arbitrage, CTA, and high-frequency trading (HFT), averaging around $5–10 billion of daily trading volume on global cryptocurrency exchanges.
Presently, a diverse set of products and services interfacing retail, institutions, CeFi, and DeFi, have been built:
- WOO X is a zero-fee trading platform providing professional and institutional traders with the best-in-class liquidity and execution. It features fully customisable modules for workspace customisation.
- WOOFi is a DeFi platform that allows users to swap assets, stake assets, and access auto-compounding yield vaults. WOOFi Swap simulates WOO Network’s CeFi liquidity through the use of custom price data oracles, offering improved capital efficiency than a standard AMM.
- Wootrade is a gateway for institutional clients such as exchanges to access WOO Network’s liquidity to upgrade their order books to a depth deeper than top exchanges and tighten their bid/ask spread.
Deep dive in their product through WOO Docs.
Proposal
WOO DAO completed a token swap with the NEAR ecosystem to strengthen the partnership. In order to improve WOO token liquidity on the platform, WOO DAO has passed a proposal to deposit $2M TVL into the $WOO <> $wNEAR pool on Ref Finance, as well as providing liquidity mining incentives alongside Ref. Rewards are ongoing between May 15 and June 1, 2022.
The proposal is released in two phases, Phase 1 is released from April 15th until June 1st, for a total length of 47 days and the rewards issuance of:
- $REF 46,859
- $WOO 44,368
The second phase, which will run from June 1st until October 12th with a reward issuance of:
- $REF 132,601
- $WOO 125,552
About Ref Finance
Ref’s TVL has grown from 0 to $100M+ in under seven months with a value of $136.4 million, with a cumulative trading volume of $1.6B+. Ref Finance keeps on opening the doors to other ecosystems through partnerships with Celo, Terra, and Allbridge for bridging assets easily and quickly from one ecosystem to another, whilst opening its doors to Solana holders as well.
About WOO Network
WOO Network is a deep liquidity network connecting traders, exchanges, institutions, and DeFi platforms with democratized access to the best-in-class liquidity and trading execution at lower or zero cost. Its flagship product, WOO X, is a professional trading platform featuring customizable modules and lower to zero-fees complete with deep liquidity. WOO Network was incubated by Kronos Research, a quantitative trading firm generating $5–10B in daily volume.
Time to get Farming! Contribute liquidity to the WOO<>wNEAR Farm!
