In early June, the NEAR Foundation awarded a $50,000 grant to develop the HERE Wallet. We're making the first mobile wallet for NEAR Protocol, which will make NEAR even more accessible and closer to people. Now you don't need a computer to use all the features of NEAR and interact with dApp.

In addition to access to NEAR transfers and purchases, the app supports important ecosystem projects. Liquid Stacking is available for all HERE Wallet users to start earning income in NEAR in one click. Quick NEAR buying and selling for bitcoin is also available. All of these features enable basic users to take full advantage of the NEAR ecosystem.

The grant will help the HERE Wallet team finish development and pass security checks. The NEAR Foundation team supports a lot of important ecosystem projects. This has a great impact on user interest in the platform and helps its development. We are excited to be a part of the NEAR Foundation grants program.

Now there is a B-version of the app in TestFlight, and it will launch on the Apple Store at the end of July. You can add it to the waiting list at the project’s [official website](https://herewallet.app/). NEAR is HERE.


The NEAR Foundation awarded a $50,000 grant to develop the HERE Wallet.

HERE Wallet received a $50,000 NEAR Foundation grant for launching a mobile wallet

HERE Wallet is a mobile wallet for the NEAR Protocol. With the use of this application, you can easily buy, sell and use NEAR.

## Log in/Sign up
### Seed phrase

![](https://awesome-near.s3.amazonaws.com/here-wallet-user-guide-1.jpg)

If you have a near account, we can log in using your passphrase.if you have a wallet at wallet.near.org

1. Click "import existing account"
2. Click "use seed phrase"
3. Enter seed phrase and click “find my account

### Web wallet

![](https://awesome-near.s3.amazonaws.com/here-wallet-user-guide-2.jpg)

If you have a wallet at wallet.near.org

1. Click "import existing account"
2. Click "use seed phrase"
3. Enter seed phrase and click “find my account”
4. Click "import existing account"
5. Click "share the link"
6. Send the link to your desktop
7. Open the link, select account and click “Next”
8. Click “Connect”
9. Enter account ID and click “Confirm”
10. You will be authorized on mobile device

### Setup username (free)

NEAR is available with usernames instead of addresses. Usually, they cost 0.1N, but in the HERE app, we allocate them for free. Just enter the username and click Verify.

IMPORTANT NOTES
- Once you select a username, you cannot change it. The only available is to create a new account and transfer money
- We do not recommend using your last name in the username, it can deanonymize you


### Start earning

![](https://awesome-near.s3.amazonaws.com/here-wallet-user-guide-3.jpg)

1. Click on the big round pink button “Earn”
2. Click “Start stacking”
3. Enter the amount
4. Click “Stake”
5. All set! Now you will receive a daily income at the rate of 8-10% p.a. on your balance

### Send NEAR

![](https://awesome-near.s3.amazonaws.com/here-wallet-user-guide-4.jpg)

1. Click “Pay & Transfer”
2. Enter the address or scan QR-code
3. Click on the address
4. Enter the amount
5. Enter the note if needed and click “pay”
6. Review and click “confirm”
7. Awesome. You’ve sent the money

### Use dApps

![](https://awesome-near.s3.amazonaws.com/here-wallet-user-guide-5.jpg)

To use third-party applications you need to log into wallet.near.org using the seed phrase. Before making transfers to third-party wallets you need to withdraw part of the NEAR that generates income.

1. Click on NEAR balance
2. Click “stake/unstake”
3. Enter the amount to unstake
4. Click “Confirm”

HERE Wallet is a mobile wallet for the NEAR Protocol. With the use of this application, you can easily buy, sell and use NEAR.

HERE Wallet User Guide

## Discover Ref Tokenomics 2.0

As one of the first dapps on NEAR, and a community DAO-led effort at that, Ref Finance’s mission has always been to serve the community. That is why Ref is bringing the veToken (voting escrow token) to Ref 2.0, to make sure the voice of the Refinians comes first.

Popularized by Curve, veTokenomics has tokenholder governance at its heart. In essence, you lock up your project tokens to mint veTokens, which represent your power to vote on how the protocol will distribute its incentives, proportional to how many tokens you lock up and for how long.

However, the Curve model is not without limitations. Curve has great expertise in stablecoins and pegged-asset swaps, but it lacks alignment between yield farmers and liquidity providers of its native token. This is fine when the native token has a market cap in the hundreds of millions, so that even with mercenary farmers the price will not be greatly affected.

For markets like Ref Finance, which belongs to a relatively young but fast growing ecosystem, the core proposition must be to funnel new economic growth all the while holding the price of the native token stable. Hence, it is key to strike a balance between the interests of the farmers, token holders, and liquidity providers.

![](https://miro.medium.com/max/1400/0*7rZv_L6OXPeOTVkH)

In an ideal scenario, tokenholders and farmers are liquidity providers of the native token, and are governance participants. When this all coincides, everyone benefits, as there will be…

- Deeper, stickier liquidity
- Stronger bonding with the project in the long run
- Optimizing incentives for token holders and farmers, thereby incentivizing real users

In tribute to Curve, but improved, Ref introduces the veLPT and LOVE to bring our DEX to the NEAR community. Your liquidity, your vote, your DEX.

## veTokenomics, with LOVE

### How does it work?
Provide liquidity in the $REF \<\> $wNEAR pool.
Lock your LP shares for a period of 1, 3, 6, or 12 months.
Receive veLPT and Love(Ref) in return.

### What is the veLPT?
The veLPT is a non-transferable token which represents your voting power corresponding to your locked LP position. With the veLPT, you can vote on which farms will be allocated how much incentives. The amount of your veLPT only shows up on your Ref account balance.

### What is the LOVE(REF) token?
“LOVE” stands for “Liquidity Of VEToken.” It is a fungible token that is transferable, and represents the liquidity underlying your veTokens, i.e. your locked up LP shares. While the veLPT gives you the power to vote on which farms to boost, the LOVE token allows you to access said boosted farms. If you do not want to boost your farm rewards, you can trade your LOVE so others can boost their yield. To unlock your veLPT position, you must have 1:1 veLPT and LOVE in your account.

![](https://miro.medium.com/max/1400/0*SLuelUJJ48nNr8kk)

## Vote on Incentive Allocation with veLPT

Every month, veLPT holders will be able to vote on incentive allocation to different farms of Ref. That is to say, veLPT holders will determine how much of the monthly incentives will go to boost which farms.

## Boost Farm Rewards with LOVE

When you lock up your LP shares to mint veLPT, you receive 1:1 LOVE tokens at the same time. The veLPT token gives you the power to vote for which farms will get boosted rewards; the LOVE token, when staked, gives you a yield multiplier in the farms elected by veLPT holders.

If your interest is only to participate in governance, you can sell your LOVE tokens to other farmers to help them boost their farm rewards.

## A Win-Win for the Ecosystem

All in all, Ref’s updated tokenomics brings long term alignment across the platform and the NEAR ecosystem.

- Better for traders: the power of the veToken incentivizes deeper, stronger liquidity
- Better for liquidity providers: empowering LPs with governance rights
- Better for ecosystem projects: a transparent way to build presence through an ecosystem-governed DEX
- Better for the NEAR ecosystem: increase level of engagement in the community
- Better for tokenholders: more utility to the $REF token, stronger bond with the growth trajectory of NEAR
- Deeper liquidity
- Retail participation
- Higher price correlation with NEAR, and bond with NEAR’s growth
- Market position and a ecosystem driven dex, and larger alignment with ecosystem project

## What will happen to xRef holders?

Prior to the new tokenomics, Ref had introduced xREF, which users could mint by staking their $REF. With xREF, Ref holders were to benefit from staking rewards and participation in DAO governance. With Ref tokenomics 2.0, one may wonder how xREF and the veToken model will relate to one another. In short, the nature of the xRef token will remain the same, as a way to collect staking reward that is currently mainly subsidized by the trading revenue earned by the protocol.

## Testnet Season — Mainnet is coming!

Time to have fun on the [testing grounds](https://testnet.ref-finance.com/) before our mainnet launch!

Your LOVE gets your favourite pools boosted.

Ref Tokenomics 2.0: veTokenomics on Testnet

TL;DR $USN v2.0 shifts to a flexible model that can adapt to any market condition. In Phase I, $USN will be 1:1 backed with $USDT: users can mint and redeem $USN only with $USDT. A native yield will be generated sustainably from $NEAR staking rewards. In Phase II, $USN will also be collateralized by non-stablecoin assets — starting with $NEAR. Phase I will be live for several months.

## The Challenges of a “Stable”coin

$USN was designed with one question in mind: we know stablecoins can rapidly expand their supply — can we make them last? The recent market downturn has proven that current decentralized stablecoins are not resilient to downward pressure:

- The death spiral of $UST due to a purely algorithmic mechanism without proper backing in reserves.
- The dramatic decrease in the circulating supply of CDP (collateralized debt position) stablecoins such as $DAI or $MIM. In market downturns, users are more reluctant to lock collateral that can get liquidated.
- Newer solutions such as $FRAX being perceived as potentially too risky under current conditions, when compared to centralized options such as $USDT or $USDC.
- $USDD de-pegging to $0.92 even though it is stated to be overcollateralized since no redemption mechanism or arbitrage opportunity is available to the public and only open to whitelisted institutions.

Decentral Bank’s goal is to create a stablecoin that is the closest to being truly stable; one that can thrive in a bull run and withstand a prolonged bear market. With that in mind, the Decentral Bank team created a system that maintained its peg and collateralization during the May ’21 crash.

Due to recent events, the Decentral Bank team conducted more sophisticated and aggressive simulations to understand the behavior of USN v1.0 under increasingly challenging market conditions. The team concluded that given the uncertainty around how long this bear market will last and the selling pressure induced by tightening macro conditions, the v1.0 could, potentially, pose a risk that $USN becomes undercollateralized from sustained volatility of the $NEAR price. Even taking into account the fact that this risk is more potential, than real, we want to eliminate any risk for our community.

In response, the Decentral Bank team has redesigned $USN to make it as adaptable to the harshest of market conditions as possible, under the team’s calculations.

## Introducing USN v2.0

In v1.0, based on Decentral Bank’s simulations and subsequent calculations, $USN was designed to achieve both growth and stability by combining on-chain arbitrage with a self-balancing Reserve Fund, which would keep $USN overcollateralized with $USDT and $NEAR.

USN v2.0 shifts to a flexible model that starts with a 1:1 backing of primarily stable assets with a sustainable, native yield from $NEAR staking rewards; and then reintroduces non-stablecoin assets as collateral in the future.

![](https://awesome-near.s3.amazonaws.com/announcing-usn-v2-0-towards-true-stability-2.jpg)

USN v2.0 is planeed to be executed in two phases, and the transition could be determined via a DAO vote. The core idea moving forward is that the Decentral Bank DAO can have the flexibility to adapt $USN to the demands of the market.

## Phase I: Bear Market Scenario — Stable Backing, Stable Yield

Starting today (June 30th), $USN will be 1:1 backed with $USDT. Users can mint and redeem $USN only with $USDT. This means that the on-chain arbitrage mechanism will remain intact, and simply transition from arbitrage between $NEAR and $USN, to $USDT and $USN. These changes will be reflected on the contract level, as well as the Decentral Bank swap page, Ref Finance, and Sender wallet.

At the same time, the $NEAR in the Reserve Fund from v1.0 and other grants may be staked to generate a native $USN yield. To start, 1M $USN per month may be distributed through Ref Finance during July 2022 and August 2022 — an important increase from the previous 500k USN rewards in June.

With time, $USN is supposed to expand beyond $USDT and ensure a backing through a basket of battle-tested stablecoins, such as $USDC and $DAI.

Under this v2.0 model, $USN’s risk of under-collateralization is radically reduced, in the Decentral Bank’s opinion and as per our research.

## Phase II: Bull Market Scenario — Reintroducing $NEAR, Greater Yield

As market conditions recover, the Decentral Bank DAO may vote to transition to Phase II, where non-stablecoin assets will be reintroduced to mint and redeem $USN — starting with $NEAR.

Under favorable market conditions, the reintroduction of $NEAR may lead to greater value accrual to $NEAR, as more $NEAR is used to mint $USN and then staked, which can be used to continue generating native $USN yield. In the future, Decentral Bank may introduce other assets such as $ETH and $BTC to the list of collaterals.

The full design of Phase II will be detailed in the upcoming v2.0 of the $USN whitepaper. The main focus of the mechanism for Phase II is to get close to a safe and healthy over-collateralization ratio and a minimum guaranteed collateral ratio in stablecoins such as $USDT, $USDC, and $DAI. Safety measures will be installed to handle those drastic market changes, moduled by the Decentral Bank team, taking into account the historical market data.

## Roadmap

With the new design in place, $USN is expected to have a greater capacity to flexibly adjust to changing conditions and ensure true stability that should withstand the test of time. Once the transition is successful, all that remains is growth.

In the near future, the Decentral Bank community may expect:

- Public dashboard
- v2.0 Whitepaper
- $USN integration on all major NEAR and Aurora dapps
- Fiat on/off ramps
- Off-chain loans
- Micro loans, financing, and credit lines
- Payment in real-world commerces including subscription models
- Multichain expansion
- Protocol level integration: option to pay for gas on NEAR with $USN for $USN transactions

With stability, safety, and transparency as the primary objectives, the Decentral Bank team is dedicated to make $USN the backbone of transactions on NEAR and beyond.

## About $USN
$USN is a NEAR-native stablecoin soft-pegged to the US Dollar. The goal of $USN is to create a stablecoin that is truly stable, with a flexible design to adapt to different market conditions. With a secure backing in battle-tested stablecoins and a native yield generated from $NEAR staking, $USN is positioned to be one of the most effective ways to bootstrap liquidity in the NEAR ecosystem; all while adding a new layer to $NEAR’s utility as a token. $USN’s smart contracts and Reserve Fund are managed by the Decentral Bank DAO.

## About Decentral Bank
Decentral Bank is the DAO developing and supporting NEAR-native stablecoins, the first of which is $USN. Decentral Bank DAO manages the smart contracts of $USN and its Reserve Fund.

$USN v2.0 shifts to a flexible model that can adapt to any market condition.

Announcing USN v2.0: Towards True Stability

stNEAR and LiNEAR tokens have already been traded for tens of millions in USD value on Ref Finance. Rated pools have been designed to fuel the growth of yield-bearing tokens, taking them to the hundreds of millions trading volume zone, taking advantage of:

- Lower price impact thanks to Stableswap-like invariant
- Higher liquidity with reduced impermanent loss risk

In a nutshell, traders will save 80%+ per swap using the rated pools (pool fee decreasing from 0.3% to 0.05%), in addition to a better rate!

## Behind the scenes

One of the key designs of the solution, is the ability to synchronise the rated pools with the yield-bearing tokens’ prices, which change every epoch. The solution combines both, on-chain and off-chain method.

There are several “watchdogs”, running on different locations, that keep an eye on each yield-bearing token price, fetching the price direcly from the associated contract. If any price change is detected, the “watchdogs” would call a sync interface of the Ref contract to notify and trigger an on-chain cross-contract price fetch/update.

In addition to this built-in dynamic price, the solution has a fail-safe feature. If the yield-bearing token price fails to update over a specific period of time, any changes that would involve the yield-bearing token price would be halted (i.e swap and add liquidity), thus mitigating the risk of unfair arbitrages of the rated pools.

Rated Pools: pools designed for yield-bearing tokens

Electron Labs, a zero-knowledge protocol that is building ZK tech products on NEAR, has launched its flagship product Bolt on NEAR.

“Bolt is an open-source suite of tools that enables developers to build ZK-based products on the NEAR blockchain.” said Garvit, CEO Electron Labs.

Bolt SDK includes a zk-prover for NEAR’s signatures and (a)symmetric encryption (Bolt.js) and a zk-verifier, which is a ready-to-deploy smart contract toolkit for verifying zk-snarks on-chain (Bolt.rs). Bolt enables the generation of zk-proofs for up to 99 ed25519 signatures. Proofs can be generated using a javascript-based library to generate proofs in the browser itself, OR using a C++ based prover with very fast proof generation times for backend servers.

Bolt is already in the process of getting integrated with the Rainbow bridge. “Electron Bolt will enable Rainbow to upgrade from the current Optimistic approach to a Validity Proofs-based approach. This will bring down the transaction time from 6 hrs on average to 8 minutes,” mentioned Alex Shevchenko, CEO of Aurora Labs. This is part of the same grant that Electron received in Nov, 2021 from NEAR foundation.

“With the advent of Electron Bolt, we’re looking at an entire range of privacy products that leverage NEAR’s speed and affordability to deliver an unparalleled set of features to users” said Rahul, Tech Lead at Electron. Electron has opened the Bolt SDK for developers to build privacy-enabled products for the NEAR ecosystem. This includes private transactions, private DeFi for institutions, MEV protection, cross-chain privacy for users, private identity solutions, etc. Electron has also launched a grants programme to fund developers building on Electron Bolt SDK.

Electron recently also contributed to the stabilization of altbn128 host functions in the NEARCore. These functions, once live on Mainnet will further reduce the gas cost of Bolt.rs and on-chain zk-SNARK verification.

Electron looks forward to building a private and scalable future on NEAR.

Electron Labs, a zero-knowledge protocol that is building ZK tech products on NEAR, has launched its flagship product Bolt on NEAR.

Electron Bolt Launches on NEAR: An Open-source SDK to build ZK products

The NEAR community was busy connecting at the Consensus conference this weekend in Austin, Texas. The NEAR Foundation made its presence felt in a variety of ways, from hosting educational developer workshops to panel discussions and speeches from key members of the ecosystem and Foundation.

From NEAR’s roadmap to raising crypto funds for Ukraine, here are the main takeaways from Consensus, Austin.

## Major Dev Experience Announcements

NEAR Foundation’s presence at Consensus 2022 kicked off with opening remarks by CEO Marieke Flemant on the Foundations Stage. Flemant highlighted the NEAR Foundation’s continued commitment to sustainability and ecosystem growth before turning things over to NEAR co-founder Illia Polosukhin, who presented a roadmap for the NEAR Protocol over the next 12 months along with some exciting news for developers.

After re-iterating the Foundation’s goal of onboarding the first one billion users onto Web3, Polosukhin announced that NEAR will soon be rolling out a JavaScript software development kit (SDK) within the next few months. Developers will then be able to build in JavaScript and ship code directly to NEAR. Polosukhin was particularly excited about this announcement because he feels that JavaScript is the language for mass developer adoption.

To piggyback on Polosukhin’s announcement, Josh Ford and Ben Kurrek from the developer relations team led a Test Drive Javascript for NEAR session on the Crypto Cities stage. Ford and Kurrek noted that with over seven million developers currently coding with JavaScript, the upcoming SDK release will prove extremely fruitful in user onboarding. 

Not to mention that Brendan Eiche, the inventor of JavaScript, attended both sessions and expressed his excitement about NEAR’s JavaScript SDK on Twitter.

## The Web3 World According to NEAR

On the second day of Consensus, Flament gave a speech on the Feature Stage speech entitled “The Web3 World According to NEAR.” Building upon her opening remarks on day one, she painted a clearer picture of how Web3 and NEAR will evolve in the upcoming years and why she still believes that crypto can fulfill the promise of re-defining money and creating a more inclusive world.

Flament also addressed current market conditions and pointed out the importance of an even deeper commitment to building during a bear market. 

“We have much more talent, funding, and infrastructure than the last bear market,” Flamant observed. “While it seems that the world is filled with bad news, this is not the time for pessimism but for action. It’s urgent that we make even more progress at a faster pace than ever.”

Flament restated NEAR’s commitment to creating an open, inclusive Web3 based on the three pillars of Ownership, Community, and Incentives. Once self-sovereign individuals gain ownership and control over their data, Flament said that only then can we collectively fight exploitative behavior by Web2 giants. After the notion of ownership has been decentralized and turned on its head, Flament predicted that we can then re-think modes of incentivizing participation and building community.

And while Flament observed that some at Consensus were bearish on the “X to Earn” phenomena, in her opinion, the trend has barely scratched the surface. Sweatcoin continues to onboard users to NEAR and Web3 with their app. Not to mention SailGP and Armored Kingdom, projects and partners that are re-defining sports team ownership and entertainment with DAOs and NFTs.

She concluded by saying that NEAR is committed to providing tools to create a simple, sustainable, and scalable Web3 world. 

## NEAR Helping Ukrainians in Need

Co-founder Illia Polosukhin re-emerged on the second day of Consusus to participate in a panel discussion around how crypto and the blockchain is being used to aid Ukraine during the ongoing war. The discussion was moderated by Emily Parker from CoinDesk, and included Valeriya Ionan Ukraine’s Deputy Minister of Digital Transformation as well as Mike Chobanian from the Blockchain Association of Ukraine.

Polosukhin recounted that when he heard the news about Ukraine, his first instinct was to find ways to personally donate to those affected by the conflict. He then started thinking bigger, and shortly thereafter the Unchain Fund was started on NEAR to raise funds via a DAO model. [Unchain Fund](/unchain-fund) raised over $10 million within the first few weeks and expanded to work with over 5,000 volunteers on the ground. Crypto has been a huge part of effective relief, said Polosukhin, as NGOs can sometimes be slow to respond immediately.

He then reminded the audience that there will be a time – hopefully soon – that the conflict comes to an end. And at that point, blockchain, crypto, and Web3 can play a crucial role in rebuilding Ukraine and even preserving cultural artifacts on the blockchain. Chobanian from the Blockchain Association of Ukraine added that they are currently in the proposal stage with NEAR to place NFT versions of important Ukrainian art and other artifacts on the blockchain in case the IRL versions are ever destroyed.

## Armored Kingdom and Brave Announcements

Two of the biggest NEAR announcements that came out of Consensus were on the gaming and browser integration fronts. Firstly, [Brave](/brave) and NEAR will collaborate to integrate Aurora, an Ethereum Virtual Machine (EVM) on the NEAR Protocol, into Brave Wallet. This means greater multi-chain functionality in Brave Wallet and expanded utility for the Basic Attention Token (BAT).

“This is a very significant partnership for the future advancement of Web3 and mass adoption, offering a multi-chain integration bridging the Ethereum and NEAR communities via Aurora – and one of the first big integrations via Brave,” said Marieke Flament, CEO of NEAR Foundation. 

“With the new Brave Wallet there will be a host of Web3 functionality supported such as NFT and Swap – all of which will provide the protection of a privacy-preserving, in-browser wallet that’s secure and mass-market ready.”

In addition, Deadline Hollywood broke the news that superstar actress Mila Kunis has partnered with superhero creator Sharad Devarajan of Graphic India to launch [Armored Kingdom](/armored-kingdom) Media Inc, which will be a new entertainment franchise spanning a Web3 trading card game, digital comics, animation, and film built on NEAR.

“We are excited to support the launch of Armored Kingdom and the storytelling opportunities it will bring to fans,” said Flament. “NEAR is a perfect blockchain for an entertainment franchise as it can support various platforms, which is crucial for multiverse experiences across different mediums. Our focus on ease of use also allows developers to deliver intuitive experiences for a large fan base.”

Between the upcoming JavaScript SDK, Armored Kingdom launching on NEAR, and partnering with Brave, Consensus was extraordinarily eventful, demonstrating the strength and commitment of the entire ecosystem. The NEAR Foundation thanks all community members, builders, and partners that engaged at Consensus Austin, and looks forward to seeing many of the same faces at NEARCON this September in Lisbon!

The NEAR community was busy connecting at the Consensus conference this weekend in Austin, Texas.

Armored Kingdom, Brave, JavaScript: Highlights from NEAR @ Consensus

## A game-changing DeFi trading experience

WOO Network is committed to solving the fragmented and expensive liquidity crisis in the crypto space, democratizing access to affordable and deep liquidity with both its centralized and decentralized products. WOO Network is now very excited to announce the testnet launch of WOO DEX — a game-changing DEX built on NEAR that looks and feels like a centralized exchange, but operates on chain, forever changing the decentralized trading experience in crypto.

Simply put, WOO DEX sees WOO Network taking its flagship CEX, WOO X, which offers best-in-class liquidity, advanced trading tools, and a customizable interface, and bringing it on-chain. This is all made possible by building on Orderly Network, an exciting new infrastructure layer incubated by WOO Network and NEAR Protocol here. WOO DEX will complement WOO Network’s expansive product offerings, existing alongside its zero or even negative fee CeFi platform (WOO X), WOO X Mobile, as well as alongside WOOFi, the most capital efficient and lowest fee swap in DeFi.

Orderly is both a decentralized exchange protocol as well as a modular ecosystem built on top of NEAR. It uses an on-chain order book to provide a platform complete with a risk engine, matching engine, and shared asset pools for dApps to build on top of. This will allow for features such as:

- Spot Trading
- Margin Trading
- Perpetual Swaps
- Lending and Borrowing

## What makes WOO DEX unique?

Speed and throughput are not traits users expect from a decentralized exchange, but WOO DEX is about to change that by merging the CeFi trading experience with the convenience of DeFi. By moving order book calculations off-chain, WOO DEX can maintain a fast transaction execution time and high rate limits, for both manual and API trading.

Utilizing central limit order books in DeFi is something that is still rather nascent. Protocols like Project Serum on Solana tackled this initiative making great strides both architecturally and from a fundamental perspective. Orderly Network is looking to recreate that model and extend on it, via NEAR. This means new decentralized applications can be built to utilize the traditional, centralized order book model.

WOO DEX will be the first of these dApps deployed via Orderly’s toolkit. Using WOO DEX will be like using WOO X, a centralized exchange, however it will be on-chain.This means ultimately the user will have self custody, as well as faster user onboarding. Of course you’ll have access to all of your favorite features that you have come to love on WOO X:

- Professional-grade trading experience
- Customizable UI
- More types of order entries
- Margin/Futures (Coming Q4)

In the first phase, WOO DEX will launch with support for spot markets. The trading pairs initially will include BTC, ETH, NEAR, and ecosystem coins like AURORA. During this phase, Kronos Research will be the sole market maker on the platform. For phase two we will be adding other market makers like Alameda and Jump, and adding new trading pairs as well.

## Building on NEAR

So, why NEAR? There are a number of thought processes one has to consider when deploying on a particular blockchain. In this instance, NEAR is a desirable chain for a typical order book based model because of its low latency, fast settlement, and low fees. This sort of product can only be built out because of Orderly, and all the characteristics mentioned above.

Orderly Network is also attractive to build on since it shares the platform fees with any dApp or trading platform built on top. These frontends act as brokers, bringing trading volume to Orderly, and in return they earn revenue on the flow they bring in. This means that WOO DEX will bring in more revenue for WOO Network, contributing to the monthly buybacks and burns.

In addition, NEAR is growing considerably in regards to recent developer adoption, a large part of this being the popularity of Rust among developers even outside of the Web3 landscape. NEAR has already established itself as being one of the most exciting Layer 1s emerging in the space, and WOO Network is keen to position itself at the forefront of innovation — making NEAR a perfect fit for our blooming ecosystem.

WOO Network is cloning WOO X on chain, forever changing the DeFi trading experience, powered by Orderly Network.

Introducing WOO DEX — a superior centralized trading experience, now decentralized

## Orderly Network: An Orderbook Exchange Protocol built on NEAR

Orderly Network is a permissionless, decentralized exchange protocol and modular ecosystem built on top of NEAR. It uses an on-chain order book to provide a platform complete with a risk engine, matching engine, and shared asset pools for dApps to build on top of. dApps built on the Orderly will allow for financial instruments such as:

- Spot Trading
- Margin Trading
- Perpetual Swaps
- Lending and Borrowing

Orderly Network aims to provide the most robust liquidity layer infrastructure for any dApp to utilize and build on. With the help of our incubators WOO Network and NEAR, we are able to leverage the knowledge and experience from both teams in order to achieve this vision.

There are more and more professional traders and market makers entering the DeFi space. AMMs are designed for retail traders and often don’t facilitate a more sophisticated trading strategy. Orderbook style DEXs are in high demand, however — very few of them are currently able to provide the trading experience required. Many fall short on liquidity, speed of transactions and cost of trading.

Orderly Network will offer CeFi level trading infrastructure by leveraging WOO Network’s experiences in building trading platforms and decentralized exchanges. Bootstrapping liquidity has always been a key challenge for any orderbook DEX which is why we are glad to have the support of market makers such as Kronos Research for liquidity from the very beginning. Kronos Research is one of the leading market makers in the crypto space and will be able to support our offering of deep liquidity.

To further enhance liquidity, Orderly Network will launch community lending pools where token holders are able to lend assets to market makers while enjoying single-sided liquidity provision with sustainable yields.

## Current Issues and Solutions

While the on-chain trading experience has improved drastically in the last couple of years, there are still some pretty obvious issues:

- DEX trading has high gas fees, commissions, and slippage
- Pro traders rarely trade on defi — they require fast and liquid markets
- There aren’t any whitelabeling solutions for derivative DEXs

Here are some of the solutions Orderly Network will offer:

- Orderly will be integrated with bridges that will allow for smooth deposits/withdrawals from any ‘layer one’ blockchain.
- Thanks to the combination of orderbook efficiency and on-chain settlement, Orderly will offer market-leading execution with low latency and minimal fees.
- Orderly will launch with immediate access to deep liquidity thanks to some of the largest market makers in the space.

## Key Features

There are many added features Orderly provides in comparison to Centralized exchanges and on-chain derivatives exchanges. Our infrastructure will provide:

![](https://miro.medium.com/max/1400/0*Fp4MxbmhT_HLtzou)

## How Does it Work?

Orderly uses an on-chain order book built for composability. This provides a platform for modular dApps to utilize and build on. Professional market-makers ensure ample liquidity for the network at all times.

![](https://miro.medium.com/max/1400/0*_GOAt3ckVO-DXIEF)

## Why NEAR?

NEAR is currently one of the most scalable, fast and user-friendly layer one blockchains in space. This sort of technology is a preferred and an ideal match for supporting an order book trading platform.

NEAR is one of the faster growing layer one blockchains. As you can see below, the chain has skyrocketed with the number of total transactions. They have also just crossed 12 million active wallets!

On top of users, it’s also increasingly gaining traction with developers. Part of this is because NEAR is Rust compatible, one of the reasons Solana has attracted its developer base. On top of that, the network is incredibly cheap. This is a prerequisite for any sort of on-chain derivatives platform.

## NEAR x WOO

WOO Network and NEAR can help push DEX spot and derivatives markets by combining centralized orderbook efficiency with on-chain settlement. The Orderly Network will offer market-leading order execution with low latency and minimal fees at scale.

On-chain perpetuals are quickly growing in the crypto space. However, it is still in its nascent stages compared to more well established, centralized financial platforms. As seen in the graph above, there has already proven to be a multitude of successful platforms in this sub-sector of DeFi. There have been a number of large firms who have looked to build trading platforms on Solana, utilizing protocols like Project Serum. There are specific reasons developers, traders, and investors were interested in that. A lot of those same specifics port over to building on the NEAR blockchain, including Rust compatibility, speed, low latency, and low transaction cost.

For the reasons stated above, NEAR will be a great host (in regards to layer ones) for this sort of platform. Along with a central order book model, and the deep liquidity from professional market makers, Orderly should provide a superb experience for on-chain trading.

Orderly is a permissionless, decentralized exchange protocol and modular ecosystem built on top of NEAR.

An introduction to Orderly Network

When project founders talk about building on the NEAR blockchain, they very often mention the supportive and enthusiastic community. Along with Guilds, the NEAR community is essential in helping to raise the profile of projects and provide feedback, giving a new product the best chance of success.

Having just completed a successful IDO on Skyward Finance, PembRock Finance is proud to distribute tokens to community investors through Meta Yield, a platform where staking rewards can be used to get access to tokens from up-and-coming projects.

Meta Yield, created by Meta Pool, gives the NEAR community another direct link to projects through kickstarter-like funding. Through an innovative fundraising model, participants can support new projects within the NEAR ecosystem with less risk than if investing through other channels.

## How Meta Yield fundraising works

1. Users stake NEAR tokens, which helps to both decentralize the network and lock up some of the supply. They will get the corresponding number of stNEAR tokens. 
2. With the initial NEAR investment untouched, staking rewards are used to fund new projects from the NEAR ecosystem.
3. In return for their support of a certain protocol, users are rewarded with an allocation of tokens at seed price.
4. Once the locking period is over, 100% of the NEAR that was initially staked is returned.

Simply holding stNEAR guarantees you a return, but with Meta Yield, you can use your stNEAR to support cool new Dapps. In this case, your stNEAR rewards buy $PEM, without your underlying investment being touched.

## Get involved with PembRock

PembRock is the first leveraged yield farming protocol built on the NEAR blockchain. There are opportunities to earn through lending, farming with up to 3x leverage, and staking the native $PEM token, which is also used for governance voting to decide the future direction of the platform.

With an experienced development team that is supported by the INC4 Guild,  PembRock will continue to expand its integrations and list of partners after launch. Currently, the project is supported by:

- Ref Finance
- Jumbo
- INC4
- Alameda Research
- MetaWeb
- Move Capital
- Big Brain Holdings
- Block 0
- Columbus Holdings

With a few days left, it’s not too late to start staking your stNEAR tokens for $PEM rewards.

[Earn new tokens on NEAR staking yours stNEAR with MetaYield](https://metayield.app/project/0)


PembRock Finance is proud to distribute tokens to community investors through Meta Yield.

Meta Yield Funding Provides a Launchpad for PembRock Finance

Today, ConsenSys announced a partnership between Infura, its leading blockchain development platform, and the NEAR Protocol, an infinitely scalable proof-of-stake (PoS) blockchain that is also carbon neutral. The integration, which has been in private beta for two months – and is now widely available – marks Infura’s expansion beyond Ethereum Virtual Machine (EVM)-compatible chains. It also marks a strategic shift toward being a key connector in a multi-chain ecosystem, while improving the overall developer experience. The partnership also gives the NEAR Protocol community access to the more than 430,000 Infura developers already building and scaling the next generation of software in Web3. 

By integrating with NEAR Network, Infura developers will have greater access to a carbon-neutral ecosystem with minimal environmental footprint. Because NEAR operates on a unique sharded blockchain called Nightshade, it has limitless scaling capabilities allowing transaction-heavy decentralized applications to function effortlessly with low fees. Transactions are processed at 14 tps on Ethereum and 7 tps on Bitcoin. As it stands, NEAR embodies similar characteristics as the Ethereum 2.0 roadmap, including PoS and shard chains. Additionally, the partnership allows developers to build decentralized applications using popular programming languages such as Rust and AssemblyScript as well as provides developers access to superior learning resources. By integrating with the NEAR Protocol, Infura provides developers building on its platform greater access to a carbon-neutral ecosystem with minimal environmental footprint.

“The NEAR team has created a protocol that has resonated with our developer audience and we are excited to be supporting their protocol. The Web3 ecosystem continues to grow and innovate, and that innovation isn’t limited to the Ethereum world,” said E.G. Galano, co-founder of Infura. 

Galano continued, “A few years ago, Ethereum was the only platform people considered when deploying new NFTs, DeFi apps, and tokens. Today, developers have many choices and each Layer 1 or Layer 2 protocol approaches scalability problems and usability problems in different ways, which is why we will continue to be an active participant in the NEAR community.”

Developers using Infura’s infrastructure-as-a-service platform have access to networks such as Ethereum, IPFS, and Polygon. The integration with NEAR will be Infura’s second with a non-EVM compatible chain, following the 2020 integration with Filecoin, a peer-to-peer network that facilitates open markets for storing and retrieving files. Furthermore, NEAR’s Rainbow Bridge, in which developers can transfer assets between Ethereum, NEAR, and Aurora, provides optimal security in a fraud-proof, permissionless protocol that puts the trust into technology and removes the need to trust any one person or organization. 

“We’re very proud that NEAR is becoming the first non-ETH layer-one network supported on Infura and are excited to introduce NEAR to their sizable developer community,” said Illia Polosukhin, co-founder of NEAR Protocol. “Offering broader access to building on NEAR gives devs more options for scaling their decentralized applications easily and securely. NEAR and Infura are aligned in our vision of creating the best possible developer experience to make Web3 easier for all.”

Infura developers can access the NEAR Network now, and continue to advance the multi-chain ecosystem, while onboarding more users to Web3. The move also comes two months after ConsenSys announced the close of its $450 million Series D financing round, bringing the company’s total valuation to $7 billion. 

Integration Paves Way for Web3 Developers to Access More Non-EVM Compatible Blockchains.

Leading Ethereum Development Platform, Infura, Partners with NEAR Protocol, Marking Expansion as a Multi-Chain Connector 

Blockchain is among the most popular of all new technologies, and frequently referred to as Web 3.0. As new participants discover, however, it’s terribly complicated, with technical challenges every step of the way. A world of Googles and Facebooks brought wide adoption to Web 2.0. The clear opportunity now, is bridging the innovative world of Web 3.0, with the convenience and familiarity of Web 2.0.

Today we're excited to unveil that bridge, with Aurora+!

## What is Aurora+?

Aurora+ is an exciting new membership program for users of Aurora, that provides a suite of incredible benefits. Available today, all Aurora users can sign up for a free Basic account, including:

1. 50 free transactions per month. One of the biggest user experience hurdles throughout all of crypto, is understanding and dealing with transaction fees. Aurora+ eliminates this problem, setting the blockchain free!
2. AURORA Staking. Aurora+ members who stake AURORA tokens will enjoy not only a continuous stream of AURORA rewards, but also steams of rewards from the best projects throughout the Aurora ecosystem!
3. AURORA Airdrop. To ensure that all Aurora+ members experience the benefits of Aurora Staking, everyone who creates an account on Aurora+ during the first week of launch will be presented with an opportunity to claim and stake an Aurora Airdrop!

Those are the benefits available today. In the future, Aurora will continue to evolve the Aurora+ platform with foreseen features like:

1. Paid Premium Plans. Perhaps you need more than 50 transactions per months. Perhaps you're a trader and need your transactions prioritized. Just as with mobile phone service, Aurora+ Premium plans will allow users to access the features and services that exactly fit their needs.
2. Governance participation. Aurora+ members who stake AURORA will be eligible to participate in the governance of the Aurora protocol, through participation in the AuroraDAO.
3. Private transactions. Given the technical underpinnings between Aurora and the NEAR protocol, Aurora+ will roll out a solution to the Ethereum Dark Forest problems related to transaction analysis and front-running.
4. Single-point KYC. Aurora+ will offer optional KYC from within the user’s dashboard, recording the results to the blockchain, making them available to any dApps in the Aurora ecosystem that require KYCs.

## Aurobots — An exclusive NFT collection

In the famous words of Steve Jobs, we're excited to announce — one more thing!

To celebrate the launch of Aurora+, Aurora is giving away NFTs from an amazing new collection called "Aurobots", from renowned NFT creator, Mr. Brown.

111 unique Aurobot NFTs will be randomly distributed to lucky winners, in multiple lotteries corresponding to platform milestones during the first few weeks of launch. And in addition to owning a fantastic NFT, Aurobots holders will also benefit from a 10X boost of their monthly free transactions!

## Get started today!

Create your own free Aurora+ today, and begin experiencing the benefits of Web 3.0 with the convenience of Web 2.0 at: https://aurora.plus .


Aurora announces Aurora+, an exciting new platform providing Aurora users with free transactions, staking of AURORA tokens, airdrops and more.

Aurora+ sets the blockchain free!

## tl;dr

*   stNEAR from idea to implementation
*   Staking vs Liquid Staking+stNEAR
*   How to Get stNEAR
*   stNEAR Value and Staking Rewards Calculation
*   Difference between stNEAR and wNEAR
*   Do's and Don'ts with stNEAR

## What is stNEAR: NEAR's first liquid staking token

With the objective to make $NEAR staking more capital efficient, Claudio and Lucio co-founded Meta Pool, the leading liquid staking solution for NEAR and wNEAR tokens holders.

The cornerstone element of Meta Pool is a liquid asset, **stNEAR:** stNEAR is generated when you stake your $NEAR through Meta Pool. This is what we call “liquid staking”.

stNEAR is a yield bearing asset, accruing in value every epoch (~12 hours) meaning that you keep earning staking rewards while you can use it in DeFi, for example as a collateral asset in liquidity protocols.

Meta Pool’s liquid staking solution provides you with the **unique opportunity to participate both in staking and in DeFi activities without locking up your $NEAR into the native proof of stake systems**.

As the DeFi ecosystem grows, demand for stNEAR is also increasing sharply. We are thrilled to see so many sophisticated and ambitious protocols incorporating stNEAR at the core of their offering as it solidifies its place as the best form of collateral.

## Staking vs Liquid Staking + stNEAR

### Traditional Staking

**The main key difference Meta Pool staking gives from traditional staking**, is the amount of validator nodes you are delegating your staked $NEAR.

If you decide to stake through the [NEAR Web Wallet](https://wallet.near.org), you are staking with only 1 validator node that you choose in the validator list. Because of this, most of the $NEAR being staked gets listed in the top ten nodes of the network. Concentration of $NEAR in one validator node is not the best outcome for a Layer 1 protocol that wants to improve its censorship resistance and security.

![Native Staking Process](https://blog.metapool.app/wp-content/uploads/2022/05/Staking-Process.png)

### Liquid Staking

Whereas when you [liquid stake with Meta Pool](https://metapool.app/dapp/mainnet/meta/), your $NEAR tokens are distributed to 87 validator nodes. This helps decentralize the network and allows new nodes coming into the NEAR Protocol network to get more exposure to retail $NEAR holders.

![](https://blog.metapool.app/wp-content/uploads/2022/05/Liquid-Staking-with-Meta-Pool.png)

With the stNEAR handed to you, you now have the unique opportunity to simultaneously get the staking yield of your $NEAR and participate in DeFi protocols with stNEAR for additional yield.

After less than a year of existence Meta Pool has a TVL of ~9M $NEAR, and has become a cornerstone element of the NEAR ecosystem, heavily contributing to its decentralization and to the $NEAR token liquidity.

As a result stNEAR can be traded and farmed on multiple DeFi platforms such as [Trisolaris](/trisolaris), [WannaSwap](/wannaswap), and can also be used as a collateral asset on lending and borrowing platforms such as [Burrow](/burrow), [Bastion](/bastion) and [Aurigami](/aurigami) to receive additional income.

## How to Get stNEAR

**To get stNEAR you have to [liquid stake your $NEAR using the Meta Pool liquid staking platform](https://metapool.app/dapp/mainnet/meta/?_gl=1*zncetx*_ga*MTIyNjg0MjQyOC4xNjQ3Mzk4OTky*_ga_330HH1R960*MTY1MjM4NTY3MS4xMTIuMS4xNjUyMzg2NDgwLjA.)**. Or you can use swaps on DEXs ([Ref Finance](https://app.ref.finance/), [Burrow](https://app.burrow.cash/#/borrow), [Bastion](https://app.bastionprotocol.com/swap), [Trisolaris](https://www.trisolaris.io/#/swap), etc).

For each $NEAR token you liquid stake with Meta Pool, Meta Pool will give you a certain amount of stNEAR after the exchange.

[Stake NEAR - Get stNEAR](https://metapool.app/dapp/mainnet/meta/?utm_source=awesomenear)

## stNEAR Value and Staking Rewards Calculation

There is a ratio of exchange from $NEAR tokens to stNEAR tokens, and this ratio changes every epoch measured in the NEAR Network. The stNEAR:NEAR tokens ratio grows according to the staking APY, this is the fundamental mechanism of Meta Pool.

But because Meta Pool is accruing the NEAR tokens paid as rewards from single validators, your amount of stNEAR is not increasing.

For example, you change tokens when the value of 1 stNEAR is 1,06 NEAR. With this ratio, by exchanging 10 $NEAR tokens, you get 9,434 stNEAR tokens. **Since the value of stNEAR in relation to $NEAR is constantly increasing**, after a while having 9,434 stNEAR you will get more $NEAR tokens.

Let’s say the stNEAR: NEAR ratio has increased and now 1 stNEAR equivalent to 1,08 NEAR. This means that now, your 9,434 stNEAR are worth 10,19 $NEAR (9,434\*1,08 = 10,19).

## Difference between stNEAR and wNEAR

wNEAR (wrapped NEAR) corresponds to $NEAR bridged through the Aurora Network. It is also used to bootstrap liquidity for DEXs and AMMs on NEAR.

But **wNEAR is not capital efficient** because it is not earning the extra yield, meanwhile, stNEAR is accruing in value every 13 hours, since it represents $NEAR being staked.

That is why Meta Pool offers now [the possibility for wNEAR holders to liquid stake it directly using Metmask and get stNEAR](https://blog.metapool.app/2022/04/18/get-stnear-directly-from-aurora-with-meta-pool/)! We wanted to make it as easy as possible for wNEAR holders on Aurora to obtain stNEAR like on NEAR Protocol.

[Meta Pool platform for liquid staking on Aurora Network](https://metapool.app/dapp/mainnet/metapool-aurora/) leverages the Rainbow Bridge’s ability to do contract calls between Aurora and NEAR. Meta Pool has built a simple solution that maintains the same user interface and experience as the NEAR native solution.

[Stake wNEAR with Meta Pool and get stNEAR](https://metapool.app/dapp/mainnet/metapool-aurora/?utm_source=awesomenear)


Additionally to cover the Liquidity Pools built with wNEAR (eg wNEAR\<\>stNEAR, or REF\<\>wNEAR soon) Meta Pool has created Meta Recipes: [Meta Recipes](https://metapool.app/dapp/mainnet/meta-recipes/?p=0) enables any wNEAR token holder that also has LP tokens\* (LP with wNEAR tokens such as wNEAR\<\>stNEAR for example), to easily unbundle assets and migrate wNEAR to stNEAR in just a few clicks.

\*LP tokens represent the user’s share of the total amount of locked liquidity in several tokens, on farms in NEAR Network and Aurora _Network._

## Do's and Don'ts with stNEAR

To have the best things for you, we are growing into the ecosystem quickly to help you leverage your stNEAR and receive more yield. Let stNEAR earn more profit for you and also learn what you should do with stNEAR. Moreover, you will know what you shouldn’t do with stNEAR.

### What to Do with stNEAR?

*   Stake NEAR for the long-term to ensure that you receive the best yield from Meta Pool
*   Leverage stNEAR in Meta Pool’s partner platforms, such as [Ref Finance](/ref-finance), [Burrow](/burrow), [Bastion](/bastion), [Trisolaris](/trisolaris), and [Jumbo](/jumbo-exchange)
*   Understand what is Impermanent Loss before providing liquidity, it’s comfortable for you to provide liquidity in any pairs
*   Provide liquidity with the stNEAR/wNEAR pair if you want to minimize LP risks
*   Deposit stNEAR to Lending – Borrowing protocol to receive more yield and safety
*   Use Meta Recipes to provide liquidity easily

### What Not to Do with stNEAR

*   Let your stNEAR in your wallet. There is only NEAR reward, you won’t receive META and other rewards when you let stNEAR in your wallet.
*   Provide liquidity in the short term. If you get an Impermanent Loss, you will lose a lot of money.
*   Provide liquidity to Meta Pool Liquidity pool when it’s over the target liquidity.
*   Send stNEAR to the Centralized Exchanges or other chains except for NEAR Protocol and Aurora.

Meta Pool is increasing over time the use-cases for stNEAR that can give you more and more places to use stNEAR to get more yield.

## About Meta Pool & stNEAR

**Meta Pool is the leading liquid staking solution** for $NEAR and wNEAR token holders to earn staking rewards and maintain their liquidity to participate in DeFi protocols on NEAR and [Aurora](https://aurora.dev/).

Users staking $NEAR and wNEAR with Meta Pool receive in exchange a NEP-141 standard token, **stNEAR (staked NEAR)**. 

stNEAR simultaneously accrues staking rewards and unlocks users’ liquidity enabling them to participate in DeFi activities (e.g. lending, farming, borrowing) on NEAR and Aurora.

### Stake $NEAR on Meta Pool

~11% APY

### Get stNEAR

Yield-bearing token

### Go DeFi on NEAR & Aurora

More APY and more rewards

Meta Pool solves the problems associated with Proof-of-Stake networks staking: illiquidity, immovability and accessibility. Meta Pool also aims to distribute staking in multiple validators to improve censorship-resistance of the NEAR network.

With a TVL of ~9 Million $NEAR and growing, Meta Pool has become in just a few months a cornerstone element of the NEAR ecosystem, making it more decentralized and therefore more secure, as well as making $NEAR liquid.

In February 2022 Meta Pool has been successfully audited by BlockSec, confirming the implementation of the highest security standards.

For more information visit [metapool.app](https://metapool.app/).

What is stNEAR: NEAR's first liquid staking token.

Guide to stNEAR and Liquid Staking $NEAR native token

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](https://ref-finance.medium.com/introducing-multi-chain-liquidity-aggregation-2441a9c5e1e8).

## Step 1: Entering Swap Pro Environment

![](https://miro.medium.com/max/1400/0*YgixU6kJ4Y_7pEeO)

## Step 2: Choose the pair you want to swap first, for example, wNEAR to ETH

![](https://miro.medium.com/max/1400/0*ZifFibknHMoBoC_q)

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.

![](https://miro.medium.com/max/1400/0*RfQEnkuVuv7Z5U7F)

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

![](https://miro.medium.com/max/1400/0*OyOIUcpKSMJfONL-)

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](https://ref-finance.medium.com/introducing-multi-chain-liquidity-aggregation-2441a9c5e1e8).

## Step 4: Click confirm and approve the transaction

![](https://miro.medium.com/max/1400/0*S3gWia5zlHmcD1YA)

First DEX in the market to offer liquidity aggregation across networks.

How-to access Liquidity Aggregation Guide on Ref Finance

Ethereum’s leading stableswap platform, Curve Finance, has integrated NEAR Protocol’s EVM layer, Aurora. Users can now connect to the Aurora network on their Ethereum wallets (such as Metamask) when using Curve, and enjoy the dapp’s deep liquidity pools without the high gas fees or wait time.

Aurora has witnessed the quickest growth in the recent month, crossing the $1.3b mark in TVL and reaching the Top 11 networks on DeFi Llama. At the time of writing, the Aurora ecosystem has more than 100 projects and 100 relayer nodes, with one of the most secure and innovative bridges in the industry operating between Ethereum, Aurora, and NEAR native.

The integration of Curve on Aurora comes at a critical time, with the burgeoning of bluechip DeFi protocols on Aurora, such as Aurigami, Bastion and Trisolaris, on one hand; and the deployment of market-leading bridge solutions, such as Multichain, Synapse, and Wormhole, on the other. Curve’s industry standard stableswap function will add a layer of DeFi composability and liquidity to the Aurora DeFi ecosystem, and at the same time, better position Aurora in an increasingly multi-chain world, allowing it to connect with other ecosystems via the transfer and exchange of pegged assets in its stablecoin, $wBTC, and $wETH pools.

In light of this integration, NEAR’s DeFi hub, Proximity Labs, will allocate up to $7.5M in grants to Curve to help establish their presence in the Aurora ecosystem. The synergy between Curve and Aurora will further accelerate the growth Aurora has enjoyed since the beginning of this year.

Ethereum’s leading stableswap platform, Curve Finance, has integrated NEAR Protocol’s EVM layer, Aurora.

AwesomeNEAR

Articles

Recent articles on NEAR and ecosystem projects.