Composability and interaction between protocols are the beauty of DeFi and its enhancement on Aurora and NEAR Ecosystem has risen significantly over the last three months with 800M+ TVL pouring into the ecosystem, kickstarting many innovative protocols building for the future of NEAR Ecosystem.
As a multi-chain future is on the horizon, the ability to create a simple and frictionless experience, taking the best out of different environments, will be key.
Following that vision, Ref Finance introduces the latest feature Liquidity Aggregation to pilot all liquidity from Aurora and NEAR Ecosystem into one place, taking a huge step to enter the multi-chain world.
You can read more about how the Liquidity Aggregation functions here.
Step 1: Entering Swap Pro Environment
Step 2: Choose the pair you want to swap first, for example, wNEAR to ETH
In this version, users can only swap on behalf of NEP-141 Standard, not ERC20, which is all the assets listed on Ref Finance Exchange as $NEAR, $ETH, $BRRR, $SKYWARD but not including the ERC20 standard like $TRI, $PLY, $BSTN.
Swapping ERC20 Assets using Liquidity Aggregation is currently on the plan and Ref Finance might implement it in the near future.
After choosing both assets, click “Request for Quote” to show the price from all markets.
Step 3: Double-check all the details (Swap-rate, fee, price impact) and compare the price between markets
Ref Finance has looked for the optimal price across all liquidity pools on Aurora and NEAR Ecosystem and eventually shows the results along with the comparison between each protocol. In this case, Ref Finance responds at a better rate compared to Trisolaris.
More details about the Liquidity Aggregation Algorithm and how it finds the optimal price.