Ref Finance
REF
Evaluation Score
Overall rating on a scale of 0-10
Whale Pulse
Large transaction flow (>$10k)
No whale transactions >$10k detected recently for REF.
AI Analysis
Comprehensive evaluation of the token
Ref Finance is currently undergoing a pivotal evolution from a standalone AMM into Rhea Finance (RHEA) through its merger with Burrow Finance. This strategic transition drives high scores in Active Development (8.5) and Community Support (8.5), revitalizing the project with a new 'chain-abstracted' narrative and concrete roadmap execution (e.g., Pyth integration, Liquid Staking). The project benefits from exceptional institutional legitimacy (Team & Governance score 9/10), having been bootstrapped by NEAR Protocol co-founders and Proximity Labs. However, the overall rating is tempered by Tokenomics (6.8/10), which has historically suffered from high inflationary pressure due to aggressive liquidity mining incentives, though the shift to a 'veToken' model aims to sequester supply. Security (7.5/10) reflects a matured posture; while a 2021 exploit remains part of its history, the robust recovery and recent specific audits by BlockSec and Resonance Security demonstrate improved discipline. Ultimately, REF is the dominant infrastructure play on NEAR, offering a strong utility case despite typical DeFi inflation risks.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
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