Ref Quarterly Update: Q4 2022


Edvard Munch (1893) The Scream

Six pillars

  • 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
  • Since inception (August 2021), Ref has generated over $1M in revenue
  • In May 2021, Ref recorded its most profitable month with over $200K in generated revenue
  • Last October, revenue generated from Normal pools represented 84% of the monthly revenue vs. 15% from Stable pools and <1% from Rated pools
  • 9 out of the 10 most profitable pools since inception are paired with $NEAR


  • Marco: Lead Backend Dev
  • Joe: Lead Frontend Dev
  • Gordon: Senior Backend Dev
  • ZQ: Senior Fullstack Dev
  • Dom: DevOps
  • Max: Fullstack Dev
  • Nature: Backend Dev
  • Willa: Lead QA Engineer
  • Amy: QA Engineer
  • Mency: Designer & UX
  • Didier: Product Lead
  • Harry: Project Assistant Manager
  • Ben: Product & Project Manager
  • Fauve: Marketing Lead
  • Fay: Researcher Analyst
  • Ray: Researcher Analyst

Market and Business Development updates

  • Seatlab, the NFT Ticketing Platform, launched its SEAT<>NEAR farm on October 28th [12]
  • Stader, the liquid staking platform, kicked off its SD<>NEAR farm on November 8th [13]
  • Pembrock, the leveraged yield farming application, released two new farms on November 2nd: PEM<>USDC and PEM<>NEAR [14]

Looking ahead: 2023




About Ref Finance

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




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Ref Finance

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