Information about our Governance token, REF
is a Governance token that also rewards its holders with a protocol revenue sharing model.
Token name: Ref Finance
Fungible Token Contract: token.v2.ref-finance.near
Fungible Token Standard: NEP-141
Fixed Supply: 100,000,000
IDO: 2,500,000 auctioned via Skyward Finance (July 26–31, 2021)
Year 1: 25%
Year 2: 18.3%
Year 3: 11.7%
Year 4: 5%
4-year linear release
Early Users Airdrop
3-month vesting with 3-month cliff
IDO (Skyward Auction)
REF Token Liquidity Provisions
In March 2022, Ref Finance has closed a strategic Over-the-Counter (OTC) deal with professional investors as well as business angels.
Professional investors are:
OKX BlockDream Ventures
The objective of the fundraising is to support
and cover the development cost of the solution for at least 24 months, starting from March 2022.
The total amount raised was $4.5m in stablecoins in exchange for 3,664,943 REF tokens, leading to an average price of 1.227 REF per stable.
The stablecoins breakdown is as follows:
Price: 7-day market Time-weighted Average Price (TWAP) at a 20% discount
Lockup: 1-year linear release every quarter
More details can be found in the
Ref governance forum
Earning protocol revenue
: Users who stake REF tokens to earn fees generated by the protocol
: Users who provide liquidity with any REF token pairs earn swap fee from the associated pool(s)
: Users who stake their LP tokens into different farms, thus earning additional revenue
(Under Development): Users who stake xREF to participate in the governance and vote on key proposals