RISE PROTOCOL: DEFI REDEFINED!

in riseprotocol •  4 years ago  (edited)

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First up…
Decentralized Finance, which is a FinTech innovation, has seen a rise of new flavors of financial offerings embedded in the Blockchain. Built on the Smart Contract of the Ethereum blockchain(and more recently the burgeoning Binance Smart Chain) these rising sectors, including non-custodial exchanges, stablecoins, tokenized bitcoin, and more. One other segment of the crypto space that has been interesting to watch is elastic supply tokens, or rebase tokens.

What are Rebase Tokens?

These tokens have a changing circulating supply but instead automatically adjusts on a routine basis. These tokens also known as Price-Elastic or Elastic Supply tokens operate on the idea that instead of price volatility, what changes is the token supply through events called Rebases, which occur at predetermined durations, like daily for Ampleforth. Another prime example is Yam Finance.
These “rebases,” take place via market demand and are done in such a way that users’ proportional holdings ultimately don’t change and thus aren’t diluted. Rebases are performed per a specific target price, with the idea being that a token’s nominal price will steadily be moved over time toward its target, e.g. $1 USD.

Rebase Mechanics

Imagine if the Ethereum protocol could adjust how much bitcoin is in user wallets to achieve a target price. You have 1 Ethereum today and 24 hours later, 2 BTC, but they’re each worth half of what they were yesterday. That’s how a rebase mechanism works. These peculiar tokens work in a way that the circulating supply expands or contracts due to changes in token price. When a rebase occurs, the supply of the token is increased or decreased algorithmically, based on the current price of each token.

Now we know the mechanics of Rebase tokens. Lets cast our mind to Rise Protocol.

Touted as one of the most advanced synthetic rebase token, Rise Protocol combines revolutionary tokenomics with decentralized finance finest.

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RISE PROTOCOL tokens rebase per market forces in such a way that holders proportional hoard ultimately don’t change and thus aren’t diluted.Targeting a specific price, the idea is that a token’s nominal price will steadily be moved over time toward its target.For example, If the price of RISE is above peg price at a predetermined time of 20:00 UTC, the total supply of RISE spikes and thus number of tokens increase in wallets. If the price of RISE is 5% below the peg price for 3 consecutive days at 20:00 UTC, supply of RISE will decrease.Dynamic peg. Initially pegged to 0.01 ETH, RISE has the revolutionary ability to peg to any asset, class of assets, or calculated metric in the future based on economic forces.

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So Why is Rise Protocol special?
Apart from the inherent rebase properties exhibited by the Rise Protocol token, there are interesting characteristics.

Profitable
This is achievable with Frictionless Yield and Supermassive Black Hole.
The former is basically a type of Liquidity Mining where a portion of each and every transaction is instantly distributed to all token holders.2% of every sell transaction is instantly and automatically distributed to all Rise token holders. You will see your wallet balance increase with each transaction.No need to transfer your tokens to a staking contract address in order to earn rewards! Frictionless yield allows you to hold your tokens in your own wallet for utmost security. You can watch as your balance grows with each and every transaction.If you choose to provide liquidity, you will be rewarded through auto-distribution of liquidity rewards. Again, no need to send your LP tokens to a separate staking contract, simply hold your LP tokens in your own wallet and watch as their value increase over time.Initial team provided liquidity will be locked before Uniswap trading is enabled
In Supermassive Black Hole",publicly viewable burn address that accrues RISE through several mechanisms, scaling exponentially over time to provide incredibly powerful deflationary effects.

Sustainable
Powerful and unique "Supermassive Black Hole" deflationary concept that accrues and burns tokens through various different methods. Effects scale exponentially over time.Auto-liquidity generation that permanently locks a portion of each transaction into liquidity, creating an ever increasing sell floor.Initial rebase lag of 5. This means that if the price of RISE at time of rebase is 100% over the target price, we will receive a rebase for 20% (100% divided by 5)."Supply adjustment" that will increase the price of RISE, but decrease the supply if the market price is below 5% of target price for 3 consecutive days during the rebase time.

Adaptable
Rise has the revolutionary ability to peg to any asset, calculated metric, or asset class. Initially pegged to Ethereum for its importance in DeFi and for ease of understanding, this peg can be altered in the future through governance based on investor/market sentiment.The smart contract was coded so that every parameter can be adjusted in the future through governance. Things like sales tax, transaction tax, burn percentage, liquidity provider rewards, rebase lag, etc. all have the ability to be adjusted. This gives RISE the ability to constantly adapt and change based on market conditions.

Transparency
With the presale price will at 0.01 ETH, same as the Uniswap launch price, seed investors acquired Rise at 10% below launch price, with 80% to be vested over 4 weeks.Unique smart contract feature allows the project to enable Uniswap trading after liquidity has been added and presale tokens distributed. This will give everyone a fair playing ground once trading begins.Maximum transaction size of 500 Rise for the first hour after Uniswap trading is enabled, preventing bot sniping and creating a fair environment for regular traders/investors.Buy and sell tax helps prevent coordinated price manipulation. A portion of this tax is distributed instantly through frictionless yield to all holders based on holdings.

Secure
With incessant rug pulls being the order of the day, Rise Protocol has ensured its long term commitment by passing audits with reputable blockchain code audits like CTDSec and by Shappy from WarOnRugs. With no project assured a 100% trust proof, this should go ahead to assuage investors.

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RISE PROTOCOL RESOURCES

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About the Author

Joseph Johns is a successful Emergency Medicine Physician and an ardent cryptocurrency and Blockchain connoisseur

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$RISE #ieo #blockchain #dot #bounty #defi #Rise #RiseProtocol #RebaseToken #FrictionlessYield #Rebases #DynamicPeg #blackhole #AutoLiquidity #AutoRewards

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Rebase token might just be the future of defi

Nice take on the Rise Protocol. I hope they make some partners that improves the project

Interesting one there. I follow this now

I like the idea of auto liquidity. Looks interesting

I do like interesting projects. And this is no exception

Rise Protocol is making crypto much more attractive