#NearIndia NEAR Protocol is slowly gaining momentum as one of the leading DeFi protocols. As of now, the total value locked in NEAR DeFi is a little south of half a billion dollars. However, the metric to note is in the bottom left corner. Ref Finance was created by the co-founder of NEAR Protocol – Illia Polosukhin. The application was officially deployed in April 2021. Proximity Labs received a grant from NEAR Foundation to bootstrap and scale Ref Finance. Ref closed a private sale in March 2022 with investments from Jump Crypto (Lead), Alameda Research, Dragonfly Capital, etc. The primary purpose of the funding was to get enough liquidity to stay afloat for 24 months starting from March 2022. Ref Finance raised $4.8m in stablecoins for 3,664,943 REF tokens. The app has the following features: Swaps (including stableswaps) Limit order Orderbook Liquidity aggregation Pools Farms xREF staking. Ref Finance is the OG of the NEAR DeFi ecosystem. It has well throughout tokenomics and brings together the functionalities of Uniswap and Curve Finance under one roof. Check out the app first-hand by going to https://app.ref.finance