Ref Finance — The DeFi Hub Supercharged by Chain Abstraction
Since 2021, Ref Finance, from being a single-purpose AMM, has evolved into a comprehensive DEX on NEAR. One that provides a diverse range of opportunities, a safe space for memes, token, and stablecoin holders in the ecosystem to thrive, plus supporting various bridges for easier onboarding. Reflecting back, REF has since matured into the go-to platform for NEAR users seeking a trustworthy and reliable trading experience.
What comes next is obvious: How do we grow beyond?
The answer is straightforward — Beyond the limitations of cross chains, unlocking liquidity across various L1, and L2s without the hassle of expensive fees and poor UX. This vision is part of the NEAR Foundation’s current advocacy and development efforts around chain abstraction.
Our next step? Building on the NEAR Chain Abstraction frontier. This major upgrade will position Ref as the central hub for DeFi services beyond NEAR, bringing users seamless access to a diverse suite of financial services in one unified platform. Get ready to explore our new suite of features that elevate your DeFi experience.
Bridge Aggregator
At the forefront is the Bridge Aggregator, developed in partnership with Stargate, Wormhole, Crowny, and Rainbow. This powerful tool connects multiple EVM chains and Solana to NEAR, allowing users to effortlessly acquire NEAR tokens. For example, EVM users can conveniently log in with their MetaMask wallets, positioning NEAR as a central hub for interoperable DeFi activity.
Satoshi Protocol Integration
Building on this foundation, Ref Finance integrates with the Satoshi Protocol to extend Bitcoin’s utility within the NEAR DeFi ecosystem. Bitcoin holders can now seamlessly deposit their assets into Ref Finance and Burrow using Unisat and Xverse wallets, eliminating complex cross-chain transfers.
Blue Chip Yields
Ref Finance is expanding its yield offerings to include Bitcoin Liquidity Pools alongside existing opportunities in the DCL and Degen Pools.
- DCL Pools: High-yield opportunities for both institutional and retail traders.
- Degen Pools: Efficient passive income for retail users.
- Delta Trade: Innovative trading strategies like grid trading and swing vaults.
With these yield solutions, Ref Finance empowers Bitcoin users to explore new on-chain earning and trading opportunities, advancing the future of DeFi.
