Ref Finance upgrades and launches a series of new features, becoming a hub for Decentralized Finance that supports Liquidity of multi-chain assets

2024-11-07 14:00:00

Abstract generation in progress

According to official sources, Ref Finance has undergone the latest upgrade and has become a Decentralized Finance hub that supports Liquidity of multi-chain assets. It uses NEAR’s chain abstraction technology to provide users (especially BTCholders) with a convenient way to access various Financial Services on a unified platform. This upgrade provides the possibility to cover the overlooked BTC market in the Decentralized Finance service, unlocking a market potential of $45 billion and demonstrating both the rapid rise of Ref Finance and its core role in the Decentralized Finance ecosystem of NEAR. It is reported that Ref Finance is a cutting-edge Decentralized Finance DApp based on the NEAR protocol. Since its establishment in 2021, it has evolved from a simple AMM to a comprehensive Decentralized Finance platform, with a total value locked (TVL) exceeding 50 million US dollars, accounting for 25% of the NEAR TVL (currently around 198 million US dollars).

DEFI-4.32%

NEAR-3.61%

BTC-1.66%

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