Ref Finance Month in Review — September

An incredible September for Ref Finance with many surprises to come in October!

Hey REFinians! Hope you’ve all had an awesome September!

September has been an incredibly productive month for us here at Ref Finance. There have been a number of exciting developments with our products, including new launches, record-all-time highs and fun interactions with our community.

We wanted to give our fellow REFinians a complete rundown of the best of this month.

What better place to start than with the launch of Farming on Ref Finance!

Farming on Ref Finance

Farming on Ref Finance launched on September 3rd, with six different farms launched.

The six farms that are available for use right now are:

• $REF — $NEAR
• $USDT — $NEAR
• $DAI — $NEAR
• $SKYWARD — $NEAR
• $OCT — $NEAR
• $wETH — $NEAR

The total value locked in farming on Ref Finance also reached $70 million this month, a fantastic achievement and one that makes us extremely excited for the future of farming on Ref Finance. Farming is still ongoing and you could check it out here.

New Listing

As September comes to a close, we are also excited to tell our readers that Ref Finance has been listed on the leading cryptocurrency data aggregators, CoinGecko.

You can now find Ref Finance on CoinGecko, here.

Reaching New Heights

While we are delighted that our new farming mechanisms have been well-received by users over the past month, we’ve also reached new heights in other areas.

In September, our native $REF coin reached an all time high price of $7.78. This development is incredibly promising for us here at Ref Finance, and we’re excited to see where the token price will head to next.

Additionally, our daily trading volume in September surpassed $50 million, another incredible milestone for us.

DeFi Llama Listing

On September 13, Ref was listed on DeFi Llama, a DeFi TVL data aggregator and analytic dashboard.

You can find us on DeFi Llama, here.

Ref Finance in Coin Telegraph!

On September 17, we were mentioned on Cointelegraph as one of three projects on the NEAR Ecosystem that has raised $15 million to boost the ecosystem.

Here’s a brief quote from that piece:

“Ref Finance is the first native DeFi protocol on Near. It holds several competitive advantages over similar products, most notably being its low transaction fees, built-in developer incentives, innovative liquidity pool design, and decentralized governance through SputnikDAO. Its core product, a Uniswap-like automated market maker which was launched three months ago, has already attracted over 50,000 users and a total value locked of over $50 million on its platform.”

You can read the full article here.

Building the Community

Finally, at Ref Finance, we are all about building the community and giving back to our fans and followers. With that in mind, we successfully held our Ask Me Anything (AMA) event with the Near Korea community on September 24th, where we gave away $200 dollars in prizes.

In addition, we successfully ran a farming quiz on Discord with a total of $500 in rewards, as well as another quiz with the Russian Ref Community.

We loved talking with the Near Korea Community as well as the Russian Ref Community, and we can’t wait to hold more community events in the future.

About Ref Finance

Built on top of a leading edge protocol in NEAR, REF Finance acts as the gateway into the entire ecosystem through its AMM, which provides liquidity and swapping features for all decentralized application launching on NEAR. To do this, REF implements the renowned Rainbow Bridge which seamlessly bridges Ethereum based assets over to NEAR, thus bringing access for an array of DeFi users to lower fees and faster transaction speeds.

Make sure you are following us on Twitter for the latest news and announcements, and do make sure you join our Discord or Telegram for deeper levels of engagement with our Team and Community.