Once you have staked your REF, there are things you need to consider going forward:

• You can monitor your REF rewards and unstake your REF at any time.
• You can claim your rewards at any time, but the claimed rewards are still in the contract. You need to withdraw the rewards for it to be transferred to your wallet.

Native staking rewards on REF are composed of:

Transaction Fees: Every swap executed on Ref Finance generates revenue for the protocol. 100% of the protocol fee will be used to buy back REF tokens, of which 75% will be transferred to the xREF contract (xtoken.ref-finance.near) for staking rewards and released linearly over time. 25% will be allocated to a Community/Provision treasury which will be used to fund grants and other community initiatives/programs.

Whilst we want to ensure staking is as safe and transparent as possible, there are still things to consider regarding whether a specific staking option is right for you.

Slashing risk: There is no slashing risk involved when staking REF tokens.

Unbonding risk: There is no unbonding period involved when unstaking REF tokens.

Protocol security risks: There is an inherent risk that the protocol could contain unknown bugs. This not only applies to staking but your REF investment in general.

Please note that this is not an exhaustive list of all the risks related to staking.

REF is the native token of Ref Finance. It is a fungible, non-inflationary, NEP 141 standard utility token necessary to carry out the key functions of the platform as detailed below:

Token Utilities

• Governance: Users who lock their LP tokens into the REF<>NEAR pool can get veTokens, which can be used to vote on governance proposals and on the allocation of liquidity incentives.
• Staking: Users who stake REF tokens to earn fees generated by the protocol.
• Pooling: Users who provide liquidity with any REF token pairs earn swap fee from the associated pool(s).
• Farming: Users who stake their LP tokens into different farms, thus earning additional revenue.
• Boosted farming: Users who lock their LP tokens into the REF<>NEAR pool can get LOVE tokens, which can be staked to unlock extra rewards for multiple farms.

The supply of REF is capped at 100M.

Initial Distribution Breakdown 

• 60% (60,000,000) – Liquidity Incentives
• 20% (20,000,000) – Treasury
• 10% (10,000,000) – Development Fund
• 1% (1,000,000) – Early Users Airdrop
• 2% (2,000,000) – Future Airdrop(s)
• 2.5% (2,500,000) – IDO (Skyward Auction)
• 2.5% (2,500,000) – REF Token Liquidity Provision
• 2% (2,000,000) – Strategic Airdrop