Rabbit Finance
About Rabbit Finance
Rabbit Finance is a Leveraged Yield Farming Protocol-based Binance Smart Chain (BSC) published by the Rabbit Finance Lab. It supports users who participate in the liquidity farm through overfunding and leverage to generate more income.
If the user does not have sufficient funds but wants to participate in the DeFi liquidity farm, Rabbit Finance can leverage up to 10x leverage to help users get the maximum revenue per unit of time while maintaining a pool of credit for users deploy those who prefer stable returns to earn profits.
The world has seen the unstoppable surge in decentralized DeFi funding from 2020 onwards. The trend tends to be stronger and stronger and leads to the creation of a lot of new businesses. Based on the data on credit, money management and defi program exchanges, Defi fulfills the real needs of many investors, which further increases the data in the chain. Currently, the total number of Defi raids worldwide has exceeded $ 100 billion.
This is because the defi arose in the blockchain market. The birth of the Defi enables investors to experience the attractiveness of a decentralized financial service provider. Whether it is a loan, insurance or money management, it is done automatically via the code in the chain or the pre-set rules without the risks of black case work from brokers. On the one hand, investors tend to feel more comfortable because they hold their fund. On the other hand, the use of funds is increased and you have more options when choosing and adapting your investment strategy.
At present, there are endless types of defibrillation. However, there is still no one-stop-defi product on the market that can meet all kinds of needs. In this context, Rabbit Finance is born.
Some of our main features to improve usability are:
Flexible deposit options: Our vault converts your deposited assets and the borrowed BNB or BUSD optimally in order to obtain an even distribution of value for the supply of the agricultural liquidity pool. For example, you can store any amount of CAKE and / or BNB for the CAKE / BNB pool in order to start farming without having to carry out the conversions yourself.
Automatic staking: Our code automatically stakes the LP tokens on the selected platform (PancakeSwap etc.) for you so that you can start earning rewards immediately.
Continuous compounding: The bounty hunter monitors the amount of rewards accrued in each pool and helps all farmers invest it again. Our smart contract can sell your rewards (CAKE etc), convert them to LP tokens for the pool you are farming and pie them together based on your farming principle so you can maximize your APY.
Claim RABBIT rewards anytime: when you open a Leveraged Yield Farming position you will receive bonus rewards that you can claim anytime on the stakes page.
With predecessors in this area like Link, COMP and BAL fighting alone, Rabbit Finance, a latecomer, has begun pushing resource integration so that it applies to all defibrillators.
Rabbit Finance's defi-ecology ambitiously included modules like lever rifle pool + arithmetic stablecoin, NFT + arithmetic stablecoin. For Rabbit Finance, they hope to build the defi-ecology through the simple to more advanced and interlocking combination of functions.
It enables users to experience the various contexts of using DeFi from a single source and generate abundant returns.
The Feature and Value of Rabbit Finance
1. Cora
The lender deposits his BNB in our depot. his property is available for loan to a farm farmer; He earns interest for providing this liquidity.
2. Thin
The high yield farmer wants to open a leveraged income position for the BTC / BNB pair. He borrows BNB from the vault and enjoys higher yields from agriculture.
3. rabbits
Finance's intelligent contract ensures that all mechanics behind the scenes optimally adjust the assets to the correct ratio, provide the pool with liquidity and use LP for pancake rewards
4. Gary
The liquidator monitors the status of each leveraged position. If this goes beyond the set parameters, it will help liquidate the position and ensure that lenders such as their capital do not lose. For this service she receives a reward of 5% from the liquidated position.
5. James
The bounty hunter monitors the amount of rewards accrued in each pool and helps with reinvestment, increasing the returns for all farmers. For this service he receives 0.4% of the reward pool as a reward. 30% as buyback fund used for buyback and deflation of RABBIT. The remaining 69.6% will be converted into LP of the pool and re-pledged to generate interest income.
When the bounty hunter throws in the pool and reinvestments, 30% of the bounty amount is used as a buyback fund to promote the token's value.
Why does a reinvestment increase the value of the token? This can be explained by the relationship between supply and demand in the economy. When demand exceeds supply, the value of the asset must increase. According to Rabbit Finance's deflation mechanism, 30% of the reinvestment proceeds will be used to buy back funds to realize the token's continuous deflation. From the author's point of view, the rabbit deflation mechanism will become the deciding factor in realizing the token price. Continuous buyback and sale allow the volume of the token offering to decrease to a limited extent. These will lead to the token becoming more and more valuable. When Rabbit gets its implementation, the price of the token is expected to increase accordingly.
The 30% of the pool's premium will be used as a buyback fund to promote the value of the token. For this service, 0.4% of the bounty pool is given directly to the bounty hunter as a reward. The remaining 69.6% will be converted to LP of the pool and re-mortgaged for compound returns. The tremendous power that comes from repeated investments enables investors to make more profits.
Aside from the appreciation caused by token deflation, Rabbit has a few other stats. For example, before Rabbit emerged, weapon pool tokens couldn't do anything other than rule. However, rabbit owners can mortgage their stakes on the board to share bonuses. As long as Rabbit Finance is profitable, its owners have the right to share the bonus as shareholders and make easy money.
NFT (Non-fungible Token) is an emerging niche market in which almost everyone can take their chance. The specialist predicts that NFT has the potential to become one of the largest markets in the world. The rabbit's authority has put a lot of thought into its sign. The Rabbit Finance Lab will continuously activate the Rabbit token. For example, Rabbit owners can access intermittently exhibited NFT artwork, and the Rabbit will be automatically banned during this period. Its circulation will be blocked and its value is expected to increase in the short term. Holding NFT can speed up mining and add value to NFT using Rabbit.
These two parties are reciprocal, that is, keeping rabbits enables owners to keep NFT. The appreciation of NFT tokens responds to the appreciation of rabbits.
What is a RABBIT token?
The RABBIT token is a governance token from Rabbit Finance. It will also capture the economic benefits of the protocol. There will be a maximum of 200 million R tokens.
RABBIT distribution
1. Community pool
79.75% of the total supply ， approx. 159,500,000 RABBITS.
RABBIT is published over two years with a decreasing emissions schedule and distributed evenly across the entire ecosystem as a reward for the community.
2. Institutional pool
5.25% of the total supply ， 10,500,000 RABBITS
Provision of an investment rate of 5.25% for well-known institutes and investors. After the investment is complete, 245,000 RABBIT will be published every 7 days and 10,500,000 RABBIT within 300 days (approx. 10 months). To determine a specific time, please note the following message.
Hard Cap: 10,500,000 RABBIT = 525,000 USDT
Exchange ratio: 1 RABBIT = 0.05 USDT
3. Development Fund
10% of the total offer ， approx. 20,000,000 RABBITS
10% of the tokens distributed will be used to finance the development and expansion of the team and are subject to the same two-year blocking period as the tokens from the fair launch distribution.
4. War Chest Fund
5% of the total offer ， approx. 10,000,000 RABBITS.
5% of the tokens distributed are reserved for future strategic spending. In the first month, 250,000 tokens were released for listing fees, auditing, third-party services, and partner liquidity.
Community pool release program
The RABBIT token will be released over a two-year period with a decreasing emissions schedule and distributed evenly across the entire ecosystem as a reward for the community.
In total there will be 159,500,000 RABBIT. To motivate early adopters, there is a bonus period in the first few weeks. Below is our planned block reward plan. Based on this, the circulating supply profile can be recorded by RABBIT.
Pool allocation
Below is a point distribution for each pool that determines the rewards distributed.
Bonus period
Open custody accounts and pancakeswap liquidity pool, mission rate: 42 RABBITS / block. It takes about a week.
Pools - RABBITS / block
● Deposit pool: ibBNB - 2.52
● Deposit pool: ibBUSD - 2.52
● Deposit pool: ibUSDT - 2.52
● Deposit pool: ibUSDC - 2.52
● Deposit pool: ibDAI - 2.52
● Deposit pool: ibBTCB - 2.52
● Deposit pool: ibETH - 2.52
● Deposit pool: ibCAKE - 2.52
● Pancakeswap RABBIT-BNB LP - 21.84
Officially started
At the official start of leveraged yield farming, the emission rate is: 20 RABBIT / block (using the example).
Pools - RABBITS / block
● Deposit pool: ibBNB - 0.625
● Deposit pool: ibBUSD - 0.625
● Deposit pool: ibUSDT - 0.625
● Deposit pool: ibUSDC - 0.625
● Deposit pool: ibDAI - 0.625
● Deposit pool: ibBTCB - 0.625
● Deposit pool: ibETH - 0.625
● Deposit pool: ibCAKE - 0.625
● Pancakeswap RABBIT-BNB LP - 8.0
● Pancakeswap USDT-BUSD LP - 0.875
● Pancakeswap DAI-BUSD LP - 0.875
● Pancakeswap USDC-BUSD LP - 0.875
● Pancakeswap USDT-BNB LP - 0.875
● Pancakeswap CAKE-BNB LP - 0.875
● Pancakeswap BUSD-BNB LP - 0.875
● Pancakeswap ETH-BNB LP - 0.875
● Pancakeswap BTCB-BNB LP - 0.875
Words at the end
From the perspective of ordinary investors, there are high barriers to entry to using traditional finance - borrowers find it difficult to take out a loan while providers make low returns. Rabbit is expected to solve this problem as part of Defi in order to provide high revenue to its users and increase the fund's liquidity. This is just one type of benefit and change that Rabbit Finance does for investors. In the future financial world, Rabbit Finance will play a more constructive role.
Join our community
For more information, see the links below:
● 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
AUTHOR:
Bitcointalk Username: Gambangcity
Telegram Username: @Gambangcity
Bitcointalk Profile Url: https://bitcointalk.org/index.php?action=profile;u=1855982
BSC(BEP-20)WALLET: 0xbd4e6B6E19c55D117badfa5C218Ae03263df6072
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