NEAR Protocol’s ecosystem is starting to blossom, with the DeFi ecosystem seeing steady growth. In this video, David highlights Ref.Finance and Jump DeFi, and how you can make money using the platforms!
Disclaimer:
This video is strictly personal opinions & not financial advice.
#NEARprotocol #crypto #cryptocurrency
The bull market is here and people are making tons of money we hope you are too that is why in this video we’re talking about one of the largest and fastest growing ecosystems that is near protocol we’re going to highlight two of their top D5 projects and how you can make
Money using them near protocol sitting at $3.30 up over 95% sitting at a 3.42 billion market cap and you can see here going back to when FTX debacle happened back in November of 2012 22 near protocol was briefly trading under $1 so a decent 3.3x from here but there
Are projects within the ecosystem that could potentially return you a lot more money and today’s Focus again is going to be defi which is why we’re starting off with the OG deck and defi protocol on near protocol and that is ref. finance now here is an overview of ref
Do Finance it is a premier Blue Chip D5 project of the near ecosystem combining best practices built into the near protocol with a value focused design of the core platform ref. Finance is a stack of defi services and products built around a core amm the first product ref Finance is
Launching is a novel amm built on near similar in design to Unis swap some of the features swap fees less than a fraction of a penny paid in near 1 to two second finality an optimal runtime allowing for competitive settlement and cost between trades on par with most
Existing centralized exchanges and it is erc20 compatible via the Rainbow Bridge here’s a short video from the ref. finance team as far as uh what the protocol exactly does built on top of a Leading Edge protocol in the year ref Finance acts as the entry point into the entire
Ecosystem through its amm which provides permissionless liquidity and swapping features for all decentralized applications launching on year what makes ref unique as a non ethereum based amm though is the Rainbow Bridge a fully permissionless and decentralized way to move assets seamlessly from the ethereum system into near users can easily and
Quickly Swap ethereum and Native assets including but not limited to e usdt and die over to near where they enjoy much lower transaction fees and accelerated speeds as the first and only decks on near ref has recently launched his farming feature across six main pools
With more to be added as with his sister lach pad Skyward Finance all the liquidity pools on ref are fully permissionless allowing anyone who has a liquidity and token contract address to list directly on ref the first six Farms to launch include near pairs with e die ref
Skyward usdt and O users follow a similar process on ref as they do on other dexes where first liquidity needs to be provided for an LP token this LP token is then deposited into the corresponding Farm where users will start earning rewards in r F that’s all for today folks thanks for
Watching this video and check out our tutorial video on how to move so that is one way of making money with ref finance and that is of course as I mentioned farming before we get into the rest of the ways uh this article from decrypt.co ref Finance raises $4.8 million to build
Out defi on near protocol now this was from February of 2022 uh but according to the announcement the Strategic OTC sale was led by jump crypto with participating investors including the now forsaken Alam research dragonfly capital and C coin Ventures again this was the OG deck of new protocol this is
What the interface looks like and the website is ref. finance you can see here uh less than one penny in transaction fees 1 to 2 second finality and $5.9 billion in accumulative trading volume and here are some of their top tokens now uh how can you make money using the
App well all you got to do is here is Click launch app and what you’re going to want to do is you’re going to want to connect a wallet now near protocol you can use an omni chain wallet you can use something like a trust wallet metamask here is a list
Of near specific wallets some are also Omni chain as well the one I’ll be using today is the sender wallet uh which is security audited it is a mobile wallet and a desktop extension which is what we’re using on today’s video uh with over a million users supporting near
Aurora and other chains as well so you’re going to go back here you’re going to click on connect wallet we’re going to connect we’re going to connect the sender wallet here and this will pop up and you guys just put in your password which I’m doing right
Now bam you unlock your wallet and then you have to sign to connect once that is connected you can see your wallet I have a little bit of near protocol in here about about 12 $12.80 or so you you can go ahead and close this and now that you’re in here
You can do multiple things like uh spot swaps you can do limit orders kind of like this has the feel of the Jupiter aggregator exchange that’s on salana very similar feel you can also trade perss in here so Perpetual Futures you can trade on Leverage and here you can
See you have Bitcoin ethereum near and the woo Network so this is decentralized so the exchange ref Finance does not custody your crypto your crypto remains in custody of you 100% of the time you can have all the benefits of using a centralized exchange like quick finality
Cheap fees and access to a lot of different coins which will be coming to the platform you also have this portfolio feature where you can have all your portfolio your worth uh what it has you can look at orderly which is another project we’ll potentially get into in a
Different video and then you have this we know Meme coins are hot they have a complete T for meme season and you can see here uh what percentage of the money and what people are farming is going into which meme coin you can you can
Stake money you can earn apy you can see here the total apy for the all the mem coins is about 10.44% with over $1.8 million staked total and you can see here a breakdown of what exactly the meme coins are on your protocol and how you can claim
Stake and unstake your tokens as well then we have uh then we have this we have this from defi llama so again protocol is an upand cominging layer one right very similar feel to salana as far as the Venture Capital backing as far as the ease of use as far as development
They’re making it easy for developers to come on chain and to build daps on the protocol they’re also making it easier for the end user to come on and not be confused by a bunch of diff B by a bunch of really confusing interface like you see on some other protocols so near
Protocol 112 million in tvl and ref Finance is is the fourth largest protocol by tvl coming in at $23.33 million now this is a fairly small cap project with the ref token coming in uh with a market cap of only $7 million so this is an extremely low
Cap highrisk High reward play but if you’re bullish on the near ecosystem ref. Finance is the OG decks on there you take a look at some like Unis swap who got into the tens of Bill ions in market cap the potential is there for refa finance just know that it’s it’s
Definitely a lot of risk involved as well and then we have the investing schedule for the ref token as you can see here a vast majority of their tokens were locked for liquidity incentives and you can see here we are almost at the end of our vesting schedule here on near
With the only thing left is the Development Fund and also the liquidity incentives so no reason to pull a chart here this is such a low cap coin that really getting in at 22 cents or 30 cents or 10 cents it’s really going to not make that big of a difference now
The second one it’s not the OG decks but it has a potential to be the number one decks and that is Jump defi so jump defy as you can see here fairly new as far as when the token launched it did an airdrop as well the only One-Stop decentralized Finance platform on near
Protocol so many features in this one which we’ll get into here in a second here’s an production to jump defi is a One-Stop platform servicing multiple blockchain ecosystems lowering the barrier of Entry to decentralized finance for users and Builders here is what their ecosystem looks like they
Have a swap feature so the easiest PL place to trade crypto combined with the best pricing featuring a proprietary Auto router that Aggregates protocol owned liquidity and ecosystem-wide liquidity sources including order books with a simple swap experience they have their jump pad where project can apply to raise money on their Launchpad you
Have their token laboratory this is pretty interesting create your own token with a few clicks and no coding required entrepreneurs can begin their web 3 Journey confidently with customizable token contracts that offer fully audited code and intelligent tokenomics again Breaking the Barrier to entry down
Anyone can go on here and launch a a token is that a good thing or a bad thing that’s a question you’re going to have to answer also they have nft staking I offering nft staking as a service that nft collections can use to reward their communities they have
Invisible swaps they have Fastpass nfts and they have X jump which is their single stake buyback pool where users can access critical platform utilities including Revenue share tiered access to idos and platform governance and again as mentioned they do have a multi-chain ethos but mainly built on near now here
Is their road map you’re wondering why I haven’t shown coin market cap or coin Geto that is is not available yet again this is a fairly new project you can see her upcoming on their road map they are going to be looking to list the jump
Token on coin Geto and both coin market cap as well as integrating payment on and off- ramping the Ido and their private sale is all upcoming so this is one to keep an eye on maybe a few months down the line and then we have this uh
From their uh X handle the jump token public Sal sold out in under $18 hours jump is going live this was back on December 21st of 2023 um so the token is live it’s just not listed on coin market cap and coin gecko just yet little bit about the
Tokenomics so there’s uh a few different utility cases for the jump token one is to distribute revenues oper revenues generated by the ecosystem of protocols two is to incentivize liquidity providers and reward users the third is tiered access to the jump pad idos and
Of course as is with a lot of them Dows right so voting and governance you also have the allocation here so this is pretty broken up you only have 9% in seed founding or seed funding private sale was only 2% public sale 3% you can see a vast majority just
Like ref. Finance 60% is going to liquidity with the next highest being 7.5 well the third highest being 7.5% going to the treasury all have 24mon linear vesting uh and buy jump obviously this is from their website the guide is coming soon so although this might not
Be a token you could potentially buy just yet put it on your radar because this could potentially be one of the biggest plays in the near protocol ecosystem I would recommend following their X page to get all the different updates that is at Jump defi I’ll leave
It up here for a second also follow as we will be continuing to give you updates on your protocol and all the best cryptocurrencies in the space we hope you enjoyed this video come check out our live show Monday through Friday at 2 p.m. Eastern Standard Time like the
Video subscribe and we’ll see you in the next one peace
3 Comments
Thank you for another great vid.
More videos on Near please and thank you
NEAR🚀🚀🚀🚀🚀🚀🚀🚀🚀