What is Ref Finance (REF)? Explore the core Decentralized Finance hub on NEAR.

As decentralized finance continues to expand within the blockchain ecosystem, Ref Finance (REF) stands out as a leading decentralized finance platform on the NEAR protocol. It offers a complete range of decentralized financial services—from token swaps and liquidity provision to staking, mining, and governance. With NEAR's high-speed and low-cost infrastructure, Ref Finance has become a key gateway for users and developers to explore scalable, user-friendly decentralized finance experiences.

What is Ref Finance?

Ref Finance was launched in April 2021, supported by the NEAR Foundation and co-founder Illia Polosukhin. The platform combines traditional AMM models with optimized stablecoin pools and concentrated liquidity pools (DCL). In a recent update, Ref integrated advanced trading features such as limit orders and margin trading through a partnership with Orderly Network, unifying spot and perpetual trading on a single platform.

REF Token: Utility and Governance

REF is the native token of Ref Finance, built on the NEP-141 standard of NEAR, with a total supply of 100 million. It plays multiple roles in the ecosystem:

• Governance and Staking: Users can stake REF to receive xREF, thereby earning transaction fee rewards and voting rights in DAO decisions.
• Liquidity Incentives: 60% of the total REF will be allocated to liquidity providers over four years, encouraging deep and stable market participation.
• Revenue Sharing: 80% of transaction fees go to LPs, 16% is used to buy back REF, and 4% supports the referral program.
• Ecosystem and Treasury: The remaining 30% is used to fund development plans, partnerships, and community growth.

Main Features of Ref Finance

REF is not just a DEX. It integrates multiple decentralized financial tools into a unified platform:

• Comprehensive exchange options: Support for classic AMM pools, stablecoin pools, and centralized liquidity markets.
• Limit orders and perpetual trading: Enabled through integration with Orderly Network, bringing professional-grade trading tools.
• Cross-chain compatibility: Through the Rainbow Bridge, users can seamlessly transfer assets from Ethereum to NEAR.
• Rhea Finance Merger: After merging with Burrow Finance, Ref is evolving into Rhea Finance, providing lending, trading, and advanced liquidity aggregation services.
• Security and Transparency: Ref has completed a security audit, maintained a protection fund, and collaborated with leading Web3 security services.

Why REF Finance is Important

Ref Finance built on the NEAR protocol benefits from a fast, eco-friendly, and scalable infrastructure. It offers:

• Low fees: NEAR's low gas fees make transactions very affordable compared to other chains.
• Instant Trading: With NEAR's fast block times, exchanges and trades are nearly instantaneous.
• Integrated Platform: Users can swap, provide liquidity, stake tokens, farm yields, and participate in governance protocols all on one dashboard.
• Strong community and DAO model: Ref adopts a transparent DAO governance, enabling token holders to help shape the development of the protocol.

Current REF Price and Gate Listing

As of now, REF is trading on Gate with the REF/USDT pair, and the real-time price is approximately $0.07434. Gate offers deep liquidity, advanced charting tools, and a seamless trading experience for both beginners and professional traders.

Frequently Asked Questions (FAQs)

What can I do on REF Finance?

You can exchange tokens, provide liquidity, stake REF or xREF, participate in farming, and vote on DAO proposals.

How is ### REF allocated?

60% for liquidity incentives, 30% allocated to the treasury and development, 10% to support community and partnerships.

What is Rhea Finance?

Rhea is the evolved form after the merger of Ref Finance and Burrow, expanding into lending, yield farming, and perpetual trading.

Is Ref Finance safe ###?

Yes. REF has passed the audit, maintains an insurance fund, and collaborates with reputable Web3 security service providers.

How do I purchase REF tokens?

You can directly use the REF/USDT trading pair to purchase REF on Gate. Just log in, deposit USDT, and then execute your trade.

Conclusion

Ref Finance (REF) represents the core of decentralized finance on NEAR - providing powerful tools in a fast, scalable, and low-cost environment. With features like concentrated liquidity, cross-chain bridges, staking, and perpetual trading, Ref is evolving into Rhea Finance, a full-stack decentralized finance platform. Its listing on Gate makes it easier for global users to participate in the growing Web3 economy. Whether you are a liquidity provider, trader, or governance participant, REF offers a comprehensive, secure, and community-driven decentralized finance experience.