RABBIT FINANCE | Leveraged yield farming by the people,for the people

in #cryptocurrency • 4 years ago

Rabbit Finance is a leverage yield farming protocol built on the Binance Smart Chain. It allows yield farmers to earn higher return by opening a leverage position.

BUT FIRST, WHAT IS CRYPTOCURRENCY?

Cryptocurrency is a form of payment that can be exchanged online for goods and services. Many companies have issued their own currencies, often called tokens, and these can be traded specifically for the good or service that the company provides. Think of them as you would arcade tokens or casino chips. You’ll need to exchange real currency for the cryptocurrency to access the good or service.

Cryptocurrencies work using a technology called blockchain. Blockchain is a decentralized technology spread across many computers that manages and records transactions. Part of the appeal of this technology is its security. Offering friction-less transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Counterfeiting and anonymous transactions are impossible to achieve.

INTRODUCING THE RABBIT FINANCE

Rabbit Finance fully exploits and adopts the advantages of projects in the market, using over-leveraged agricultural products with the advantages of Alpaca Finance and Badger Finance, creatively incorporating an algorithm-stable coin mechanism to empower the RABBIT token. Across the economic ecology of Rabbit Finance, the RABBIT token, endowed with more application scenarios, represents not only the governance rights and interests of the leveraged farming protocol, but also the rights and interests of token shareholders of the RUSD algorithm stable coin. Whenever the RUSD experiences inflation, members who pledge R tokens to the meeting room will distribute additional RUSD as dividends to share the benefits of ecological growth.

Rabbit Finance believes that the leveraged yield farming platform will be the next killer app in the DeFi field after a decentralized exchange and lending platform. It also believes that algorithmically stable coins are the final Holy Grail in the DeFi field. They are and will be the most important infrastructure in the DeFi world.

Rabbit Finance's vision is to become the Federal Reserve of the DeFi world, based on the principles of equal opportunity and commercial sustainability, and to provide appropriate and cost effective financial services to people of all social strata and groups who need financial services. Rabbit Finance is not a simple leveraged farming platform or an algorithmically stable coin system. It will be a decentralized and inclusive financial services infrastructure with sustainable hematopoiesis capabilities and based on blockchain technology. Compared to the same role as the Fed, what Rabbit Finance expects goes far beyond the role of the Fed in the world economy.

The Rabbit Finance Features

Rabbit Finance is a leveraged yield farming protocol built on the BSC platform that makes it fast, secure and affordable. With the leveraged yield farming feature provided by Rabbit Finance, it allows users to achieve revenue per unit of time when their funds are insufficient and at the same time provides a loan facility for those who want a stable return. In this way, it enables global users to be able to maximize their profits easily and affordably.

The following are Rabbit Finance's features:

  • Flexible deposit options

Rabbit Finance designs the vault optimally converts user-stored assets and borrowed BNB or BUSD. So that users don't need to do the conversion themselves.

  • Auto-betting

The Rabbit Finance mechanism allows betting of LP tokens for users on selected platforms (PancakeSwap, etc.) automatically. So that users can get rewards as soon as possible.

  • Continuous compounding

Bounty hunters have the role of monitoring the number of gifts earned in each batch and helping farmers to reinvest them.

  • Claim RABBIT rewards anytime

Rabbit Finance allows users to claim their bonus rewards at any time.

RABBIT token is a governance token of the Rabbit Finance. It will also capture the economic benefits of the protocol. There will be a maximum of 200 million R tokens.

RABBIT distribution

  • Community Pool
    79.75% of total supply，about 159,500,000 RABBIT.

RABBIT will be released over two years with a decaying emissions schedule, and will be evenly distributed to the entire ecosystem as a community reward.

  • Institutional Pool
    5.25% of total supply，10,500,000 RABBIT

Provide 5.25% investment quota for well-known institutions and investors. After the completion of the investment, 245,000 RABBIT will be released every 7 days, and 10,500,000 RABBIT will be released within 300 days (about 10 months). Specific time to be determined, please pay attention to the follow-up announcement.

Hard cap：10,500,000 RABBIT = 525,000 USDT

Exchange ratio: 1 RABBIT= 0.05 USDT

  • Development Fund
    10% of total supply，about 20,000,000 RABBIT

10% of the distributed tokens will go towards funding development and expanding the team, and will be subject to the same two-year vesting as the tokens from the Fair Launch Distribution.

  • Warchest Fund
    5% of total supply，about 10,000,000 RABBIT.

5% of the distributed tokens is reserved for future strategic expenses. In the first month, 250,000 tokens were released for listing fees, auditing, third-party services, and liquidity of partners.

For more information about this amazing project, please visit the links below:

Author's Information

Bitcointalk Username: TosinDavid

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1180815

Telegram: @TosinDavid

#blockchain #ico #rabbit #finance #bitcoin #defi #binancesmartchain
4 years ago in #cryptocurrency by
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