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 change that, a new blockchain with a complete environment for developing high-performance decentralized applications. It was built for cross-chain compatibility with Binance Chain to ensure that users get 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 participate in liquidity farming through excessive borrowing and leverage to earn more income.
When users do not have sufficient funds but want to participate in DeFi's 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 prefer stable returns. to make a profit.
Rabbit Financial 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.
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.
How to participate?
There are four different ways to participate in Rabbit Finances as us:
Lenders: Rabbit Finance allows you to earn income from your core assets by storing them in our vaults. These assets will then be offered to yield farmers to strengthen their position.
Farmer: As a farmer, you can get higher returns by opening a leveraged position with Rabbit Finance. Of course, this comes with a bigger risk: liquidation, variable losses, etc.
Liquidator: Monitoring pond for underwater position and liquidation.
In the example below, we show how each participant works together in our ecosystem:
Cora, the lender keeps his BNB in our vault; the assets become available for borrowing by yield farmers; it's attractive to provide that liquidity.
Dunn, the yield producer wants to open a leveraged yield farm position in the BTC / BNB pair; he borrowed BNB from the vault and benefited from the agricultural produce which produced more.
Rabbit Finance smart contracts handle all the behind-the-scenes mechanisms, optimally transfer assets at the right ratio, provide liquidity to pools and stake LP for Pancake Rewards.
Strength and vision
Rabbit Finance fully leverages and adopts project benefits in the market, using agricultural products that produce more with the benefits of Alpaca Finance and Badger Finance, creatively incorporating an algorithmic stable currency mechanism to increase the RABBIT token. Across 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 farming protocol, but also the shareholder rights and 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's vision is to become the Federal Reserve of the Defi world, based on the principles of equal opportunity and business sustainability, and to provide accurate and cost effective financial services for people of all social strata and groups in 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 role of the Fed itself, what Rabbit Finance expects goes far beyond the role of the Fed in the world economy.
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 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 from stable coins of the RUSD, RBTC, RBNB algorithm, etc. . For more details, please pay attention to our tracking announcements.
Distribution
Community swimming pool: 79.75% of the total supply ， about 159,500,000 RABBITS.
RABBIT will be released for two years on an emission reduction 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 institutions and 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 pay attention to the tracking announcement.
Rigid hat ： 10,500,000 RABBIT = 525,000 USDT
Exchange rate: 1 RABBIT = 0.05 USDT
- Warchest Fund: 5% of the 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 were released for registration, auditing, third-party services and partner liquidity fees.
Development Fund: 10% of the total supply, about 20,000,000 RABBIT
10% of the tokens distributed will be used to fund team development and expansion, and will be subject to the same two-year award as the tokens in a fair launch distribution.
Community collection release program
The RABBIT token will be released over a two year period on a decreased issuance schedule and will be distributed evenly across 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 pool of pancakeswap money.
- Users can start storing their assets in our vault.
- We are seeding the RABBIT-ENB PancakeSwap so people can get their hands on the 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 distributing the prizes in blocks of xxxx,000 (around April 8, 2021, 00:00 UTC).
The rabbit allocation plan will be updated as follows:
- 52% distributed to liquidity providers for the RABBIT-BNB pool at PancakeSwap
- 48% distributed 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 yield farms, 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 for the end of April 2021
- We will make a separate announcement to the community in advance before launching phase 2
The bonus period lasts approximately one week, after the project officially starts, the Rabbit allocation plan will be updated as follows:
- 40% is distributed to liquidity providers for the RABBIT pool at PancakeSwap
- 25% distributed to lenders who deposit BNB or BUSD and other tokens in our vaults - prizes will be divided equally among the pool
- 35% is distributed to users who open leveraged agricultural positions - the prize will be calculated based on the loan amount; only leveraged positions (> 1x) will receive the prize.
For more information:
Rabbit Finance website: http://rabbitfinance.io/
Github: https://github.com/RabbitFinanceProtocol
Twitter: https://twitter.com/FinanceRabbit
Telegram: https://t.me/RabbitFinanceEN
Discord: https://discord.gg/tWdtmzXS
Contract information: https://app.gitbook.com/@rabbitfinance/s/homepage/resources/contract-information
Audit report: https://app.gitbook.com/@rabbitfinance/s/homepage/resources/audit-report
Author: Amild
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2583828
My BSC Wallet Address: 0xbf00577895715883E63C6694D33dA51b1cDEBDa8