Ref Quarterly Update: Q1 2022

Introduction

Mind refresher

  • The Future is Decentralised: Promote further decentralisation
  • The Double B: Deliver Better prices and Better liquidity utilisation
  • Money, Money, Money: Provide LPs with the tooling to maximise profits while mitigating risks (i.e. auto-compounding)
  • Better Experience: Improve user experience
  • Knowledge is power: Encourage transparency and data-driven decisions
  • Bridge Them All: Reduce the gap with other chain communities

What we have committed to vs. delivered

  • Traders: better prices
  • Liquidity Providers: fairer model (vs. winner-takes-all approach) as a trade can be processed across multiple pools at once, spreading the LPs’ revenue accordingly
Source: Sodaki

Other key updates

  • Showing the USD value Worth of user’s shares in Your Liquidity
  • Redirect users to the pool details page after creating a new pool
  • Stableswap liquidity added to Your Liquidity view
  • TVL and number precision when hovering
  • Price impact pop up window for StableSwap

The team is growing

  • Marco: Lead Backend Dev
  • Joe: Lead Frontend Dev
  • Gordon: Senior Backend Dev
  • Max: Fullstack Dev
  • Nature: Backend Dev
  • Willa: Lead QA Engineer
  • Amy: QA Engineer
  • Mency: Designer & UX
  • Didier: Product Lead
  • Harry: Project Assistant Manager
  • Fauve: Marketing Lead

Market updates

Looking ahead: Q2 and H2 2022

Anonymous Poll: https://t.me/ref_finance

Conclusion

Source: Sodaki
Source: Sodaki — Tier 1 to 5 are highly liquid REF tokens, which are not locked in any contracts but available in NEAR Wallets — Tier 1 are NEAR addresses that hold more than 10,000 REF tokens, Tier 2 holds more than 1,000 but less than 10,000...

Acknowledgments

References

About Ref Finance

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

Disclaimer

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Ref Finance

Ref Finance is the starting point to the NEAR Ecosystem with a leading AMM & a synchronous #DeFi Shard.