One of the reasons why we have a wide range of crypto asset classes is because each of those assets claims to be better than the others.
That is why we see several crypto assets using the same blockchain network to solve a common problem.
Rebase tokens were meant to be a strategic move for reducing the fluctuations in the crypto market, as they pertain to the impacts on the values/prices of crypto assets.
Since conventional rebase tokens aren’t living up to expectations, I have found a project I believe would avoid some of the loopholes/pitfalls in the conventional rebase token.
INTRODUCING RISE PROTOCOL
The Rise Protocol is the project I am talking about. This project does not only improve on the lapses in traditional rebase tokens. It also features new technologies and rebase token functionalities, which when combined, will help in bolstering the adoption of rebase tokens.
FEATURES OF THE RISE PROTOCOL
Below are some of the working functionalities that the Rise Protocol will use to bring about a dramatic change in the rebase token economy.
1- A Revolutionary Hybrid Approach to Rebase Tokens
If investors were informed beforehand that the supply of their tokens would reduce, they would be better positioned.
Since conventional rebase tokens lack that feature, the Rise Protocol thought it wise to incorporate the same.
To that end, we are looking at the revolutionary hybrid model/approach to rebase tokens that the Rise Protocol introduces.
Under this new model, the focus is on two angles. The first is to have enough time to inform the token holders of impending supply contractions to the tokens. The second angle is to greatly reduce the number of the negative rebases in the tokens so the changes in supply and value wouldn’t be too much.
2- Sufficient Liquidity
Have you ever tried to swap a crypto asset on Uniswap or some other Automated Market Maker (AMM), but you found out that the price impact is high?
In such situations, your best bet is to increase the slippage so the transaction can be completed in real-time.
But, what if I tell you that there is a better way to trade on AMMs and cryptocurrency exchanges without necessarily bothering about the insufficient liquidity?
Yes, it is possible because the Rise Protocol made it to be so. When trading here, you are confident that there would be little or no hitches because most of the transactions are scaled in real-time.
One major reason for the speed is because of the rewards issued to Liquidity Providers (LPs) as a way of encouraging them to continually provide liquidity for orders to be confirmed in the shortest time possible.
3- Passive Income
In addition to the Liquidity Provider (LP) rewards, there is also an additional Frictionless Yield that instantly distributes a percentage of every buy and sell transaction to the holders of the RISE token.
CONCLUSION
The Rise Protocol is a model of what rebase tokens should be like. I hope that cryptocurrency project developers (especially those specializing in rebase tokens) will take a cue from the Rise Protocol to improve on the rebase tokens they launch.
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Hashtags:
#Rebases
#AutoRewards
#AutoLiquidity
#$RISE
#DynamicPeg
USEFUL LINKS
Website: https://riseprotocol.io/
Reddit: https://www.reddit.com/r/riseprotocolofficial
Telegram: https://t.me/RiseProtocolOfficial
Medium: https://riseprotocolofficial.medium.com/
Explorer: https://etherscan.io/address/0x3fa807b6f8d4c407e6e605368f4372d14658b38c
Whitepaper: https://riseprotocol.io/wp-ontent/uploads/2021/02/RISE_Litepaper.pdf
Twitter: https://twitter.com/RiseProtocol
AUTHOR’S DETAILS
Bitcointalk Username: Nancyo
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2759950;sa=summary