You may have heard of Binance Chain, the home of the BNB currency. It is optimized for very fast trading. To achieve this, it has to make certain trade-offs - one of which is that it is not as flexible from a programmability point of view as other blockchains.
Well, the Binance Smart Chain is here to exercise, a new blockchain with a complete environment for developing high-performance decentralized applications. Built to cross-chain with Binance Chain to ensure that users are the best of both worlds.
What is Rabbit Finance?
Rabbit Finance is a Binance Smart Chain (BSC) Protocol based on the Leveraged Production Protocol and published by Rabbit Finance Lab. It supports users who take part in liquidity farming through excessive borrowing and leverage to earn more income.
When users do not have sufficient funds but want to decide in the DeFi liquidity farm, Rabbit Finance can provide up to 10 times leverage to help users get maximum revenue per unit of time, and at the same time provide a pool of loans for users. who prefers stable. to make a profit.
Rabbit Financial Features:
Rabbit Finance is a leveraged yield farming protocol built on a BSC platform that is made fast, secure and affordable. With the leveraged 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 provide loan facilities for those who want a stable one. In this way, it allows global users to be able to maximize their profits easily and affordably.
Here are Rabbit Finance's features:
Flexible deposit options: Rabbit Finance designs the vault optimally converts user-stored assets and borrows BNB or BUSD. So that users don't need to do the conversion themselves.
Auto Bet: Rabbit Financial Mechanism supports betting of LP tokens for users on certain platforms (PancakeSwap, etc.) automatically. So that users can get the reward for their creation.
Sustainable compounding: Bounty hunters have a number of rewards earned in each group and help farmers to reinvest them.
Claim RABBIT prizes anytime: Rabbit Finance allows users to claim their prizes at any time.
How to count?
There are four different ways to take in Rabbit Finance as us:
Lenders: Rabbit Finance allows you to get to your core asset stage with our vaults. These assets will then be offered to yielding farmers to position them.
Farmer: As a farmer, you can get higher profits by taking advantage of Rabbit Finance. Of course, this carries a bigger risk: liquidation, variable loss, etc.
Liquidator: Swimming pool to be under water and liquidation. In the example below, we show how each participant works together in our ecosystem:
Cora, the lender keeps its BNB in our vault; assets become available for borrowing by yield farmers; it's attractive to provide that liquidity.
Dunn, producer wants to open leveraged agricultural positions in the BTC / BNB pair; he borrowed BNB from the vault and benefited from the agricultural produce that produced more.
Rabbit Finance's smart contracts are all right behind the scenes, transferring assets optimally at the right ratios, providing liquidity to the pool, and staking LP for Pancake Rewards.
Strength and vision:
Rabbit Finance leverages and takes advantage of projects in the market, using agricultural products that produce more with the benefits of Alpaca Finance and Badger Finance, creatively combining algorithmic stable currencies to increase the RABBIT token. In the economic ecology of Rabbit Finance, the RABBIT token, complemented by several application scenarios, represents not only the governance rights and interests of the leveraged farm protocol, but also the rights and shareholder interests of the tokens from the cage. coin algorithm from RUSD. Whenever the RUSD experiences inflation, members who pledge R tokens to the board will distribute additional RUSD as a dividend to share the benefits of green 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. He also believes that the stable coin algorithm is the final holy grail in the Defi field. They are and will be the most important infrastructure in the world of Defi.
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. He also believes that the stable coin algorithm is the final holy grail in the Defi field. They are and will be the most important infrastructure in the world of Defi.
Token:
The RABBIT token is Rabbit Finance's governance token. This will also capture the economic benefits of the protocol. There will be a maximum of 200 million R tokens.
What are the RABBIT tokens used for?
Protocol Governance: We will soon launch a governance vault that will allow community members to stake their RABBIT tokens. The RABBIT participant will receive xRABBIT where 1 xRABBIT = 1 vote, which will enable him / her to make decisions on major governance decisions. At an early stage, governance decisions will be made in a Snapshot.
Capture the economic benefits of the platform: Users of the Rabbit Finance protocol (depositors and borrowers i.e. lenders and farmers) will be rewarded with RABBIT tokens for their deposit and lending behavior. The Rabbit Finance platform will prepare a purchase fund with its revenue, which will be used for deflation and appreciation of the RABBIT token. When the profits are reinvested, 30% of this is used for redemption of the RABBIT fund. 20% of the depositor's interest income is used as a market development fund. All of this will help increase the demand for and value for KELINCI.
Get economic benefits from the RUSD, RBTC, RBNB etc .: RABBIT token is a token of shareholder rights of stable coins from the RUSD, RBTC, RBNB algorithm, etc. For more details, please remember our announcement.
Distribution:
Community swimming pool: 79.75% of the total supply ， about 159,500,000 RABBITS.
RABBIT will be released for two years with a published schedule, and will be distributed evenly throughout the ecosystem as a community reward.
Institutional pool: 5.25% of the total supply, 10,500,000 RABBITS
Provide investment quota of 5.25% to well-known investors. After the investment is complete, 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 be reminded of the announcement.
Rigid hat ： 10,500,000 RABBIT = 525,000 USDT
Exchange rate: 1 rabbit = 0.05 USDT
Warchest Fund: 5% of total supply, around 10,000,000 RABBIT.
5% of the tokens distributed are reserved for future strategic spending. In the first month, 250,000 tokens are released for registration, auditing, third party, and partner liquidity fees.
Development Fund: 10% of the total supply, about 20,000,000 RABBIT
10% of the fair tokens will be used to fund team development and expansion, and will be subject to the same two-year rewards as tokens in existing distributions.
Community collection release program
The RABBIT token will be released over a two year period with a reduced news schedule and will be distributed evenly throughout the ecosystem as a community reward.
In total, there will be 159,500,000 RABBITS. In order to attract early adopters, there will be a bonus period for the first few weeks. Below is our planned block reward schedule. On this basis, the circulating profile of the RABBIT supply can be drawn.
Bonus period:
Open the safe and the money pancakewap pool.
Users can start storing their assets in our vault.
We seeded the RABBIT-ENB PancakeSwap so that people could get their hands on their rabbits right away.
This phase is designed to ensure we have a good amount of loanable assets and liquidity to trade rabbits for the next phase.
Make sure you give everyone enough preparation time, we will start giving out gifts in blocks of xxxx,000 (around April 8, 2021, 00:00 UTC).
The rabbit allocation plan will be as follows:
52% agreed from the liquidity provider for the RABBIT-BNB pool at PancakeSwap
48% of loans made to lenders who deposit BNB or BUSD and other tokens in our vaults - prizes will be divided equally among the pool
Officially launched:
Launching leveraged agricultural produce, farmers can open leveraged yield farm positions and earn RABBIT prizes.
When we complete our smart contract audit, we'll unlock the leveraged farming function, thus completing our round of services. Our current estimate is the end of April 2021
We will declare a separate statement to the community first before starting phase 2
The bonus period lasts one week, after the project officially starts, the rabbit plan will be as follows:
40% agree from the liquidity provider for the RABBIT pool at PancakeSwap
25% goes to lenders who deposit BNB or BUSD and other tokens in our vaults - prizes will be divided equally among the pool
35% is awarded to users running leveraged farms - the reward will be based on the loan amount; only those in leverage (> 1x) will receive the prize.
For more information, please visit the link below:
Websiet: http://rabbitfinance.io/
Twitter: https://twitter.com/FinanceRabbit
Telegram Group: https://t.me/RabbitFinanceEN
Discord: https://discord.gg/tWdtmzXS
Author:
Username: Damkar58
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1925168
BEP-20 Wallet: 0xe1498C8B829Ecce12C3a4E3B72F3d4d5E5709eA9
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