Ref Finance and Spin Partnership
Spin has announced a strategic partnership with Ref Finance, aimed at popularizing on-chain trading on NEAR Protocol.
Through this partnership, they will ensure that the NEAR blockchain users can enjoy deep liquidity, abundance of trading pairs and excellent trading experience.
The two protocols strive to make the NEAR blockchain more popular among DeFi users and to bring more features to them. The partnership of Spin and Ref Finance will first and foremost focus on liquidity aggregation to Spin’s on-chain orderbook, as well as opening new markets for both Ref Finance’s and Spin’s protocol tokens.
“Ref Finance was one of the first NEAR-based protocols to offer an abundance of features to the blockchain users. Spin expands this list by developing the first on-chain order book DEX that will soon support perpetual futures trading. We’re thrilled to partner with the Ref team and believe that this cooperation will help us ensure a smooth and seamless trading experience on Spin when we go mainnet.”
Alexander Pavlov – CEO of Spin
The Ref Finance protocol token will be one of the first assets to be available for trading on Spin’s order book DEX — whilst Spin’s token will be tradable on Ref Finance. Additionally, Ref Finance will launch farming pools for Spin’s token.
“There is a great value proposition at the intersection of both technologies (CLOB and AMM). In a nutshell, this partnership will provide a better trading experience for NEARians. Increasing the liquidity utilization rate across the ecosystem also means that we will be in a better position to attract ‘big money’ and sustainable capital from alternative L1 and L2. We are very excited to work with Spin.”
Didier Pironi – Product Manager of Ref Finance
Its mission is to popularize the NEAR blockchain and provide more opportunities to DeFi users, the support of the community is very important.
About Ref Finance
Ref Finance is a multi-purpose DeFi platform, was NEAR’s first AMM that now features over $70M in TVL and $1B in trading volume since inception. Its main objective is to become the one-stop DeFi shop on NEAR.
About Spin
Multichain DEX designed for controllable risk futures and options trading. Spin utilizes liquidity staking pools, from which the liquidity goes to MMs and further to the Order Book for further execution of trades with its inherent security, speed, and reliable price discovery algorithms.
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