We have been notified by the Ref Finance (REF) project that the Ref Finance (REF) token will be migrated to Rhea Finance (RHEA), a new token. Please note that Gate will not provide the auto-conversion service; you need to complete the conversion through the channel designated by the project. The project has not yet released detailed conversion rules and procedures—please continue to follow the project's official announcements for the accurate conversion method and related information. We apologize for being unable to provide a convenient conversion service in this case. Due to the special nature of the conversion, we strongly recommend that you act quickly: withdraw your REF tokens to a personal wallet and complete the conversion via the project's designated channel before the deadline specified by the project to avoid any potential loss.
Gate will take the following steps to delist the token :
- Gate has suspended the deposit service of REF.
- Gate will delist REF trading services at 3:00 (UTC) on July 18, 2025, including the REF/USDT spot trading pair and Grid Trading.
- If you have active quantitative trading strategies, please adjust them in advance. Otherwise, they will be forcibly stopped before 3:00 (UTC) on July 18, 2025.
- After the REF markets are taken offline, if holders do not want to participate in the buyback, please make sure to withdraw your tokens promptly and complete the conversion through the project's designated channel to avoid losses.
- Holders of REF stored on Gate from August 1, 2025 onward may submit a form to apply for a buyback. Gate will repurchase for 0.014256 USDT per REF, with a maximum compensation of 100 USDT per person.
- Users should complete and submit the application form between July 31, 2025, 16:00 (UTC) and August 7, 2025, 16:00 (UTC).
Form link: https://www.gate.com/zh/questionnaire/6891Please note that Ref Finance (REF) will be replaced by a new token. We recommend that you withdraw your REF as soon as possible and await the project's announcements of token conversion progress and specific conversion instructions. We understand this change may cause some inconvenience, and we sincerely apologize for any disruption it may bring. We are committed to doing our best to ensure a smooth delisting process and will notify you of any updates in a timely manner. Thank you for your support and trust in Gate. If you have any questions or need further assistance, please do not hesitate to contact our customer support team.
For more details about this conversion, please refer to the official announcement: https://rhea-finance.medium.com/ref-brrr-rhea-deposits-open-july-21-f0f92399eb42
Withdraw Ref Finance (REF): https://www.gate.com/zh/myaccount/withdraw/REF
Gate Team
July 17, 2025
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