Key Takeaways:
- Ref Finance and SubQuery join forces to bolster DeFi on the NEAR Protocol.
- Ref Finance offers various DeFi services, leveraging NEAR’s benefits, while SubQuery empowers blockchain indexing across multiple networks.
- SubQuery’s Web3 data indexing enhances Ref Finance’s efficiency, promising a more robust DeFi structure.
As collaborations in the DeFi sector continue, we see developments taking place at every corner. In a similar turn of events, Ref Finance and SubQuery have announced a collaboration that will take DeFi to the next level. Read on to find out more about this collaboration.
The Collaboration
The collaboration between Ref Finance and SubQuery is one of a kind. As a community-driven DeFi platform, Ref Finance takes pride in operating on the NEAR Protocol. On the other hand, as a versatile blockchain indexing toolkit, SubQuery empowers numerous teams across various blockchain networks like Ethereum, Polkadot, Cosmos, Algorand, and Avalanche. Additionally, SubQuery provides support to NEAR, Aurora, and several Layer 2 chains, including Polygon, Arbitrum, and Optimism.
Ref Finance, the inaugural AMM and DEX on NEAR, acts as the main gateway to NEAR’s DeFi ecosystem. It harnesses NEAR Protocol’s advantages, such as low fees and rapid transaction confirmation. Ref Finance offers a wide array of services, including trading, liquidity provision, yield farming, enhanced incentives, staking, and token governance voting, all while capitalizing on NEAR’s technological strengths.
SubQuery has emerged as a key technology partner for Ref Finance’s DeFi endeavors. Its Web3 data indexing technology is expected to contribute to Ref Finance’s efficiency and functionality. As the development continues, the DeFi structure is expected to evolve in a more robust manner.
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