In the crypto world, the fact that an investor is always looking for ways to increase profits or increase the number of coins he has in the form of trading, there is a fairly new concept which helps to increase the coin which is “Farm of Earning”.
The financial output agricultural project which is one of the Defi (Decentralized Finance) running on the Binance Smart Chain file, the exchange blockchain, has been in the spotlight of investors.
Many developments in the crypto space promise a faster transaction settlement system with the added advantage of implementing smart contracts. Among those projects is the Binance Smart Chain, or BSC. The platform is designed to be fully compatible with the Ethereum blockchain with a more decentralized consensus mechanism, for more details, please contact the amazing company below:
The world has witnessed the inevitable increase of DeFi decentralized finance from 2020. The trend is likely to get stronger and encourage many new businesses to emerge. Judging from the lending, money management, and exchange program data of Defi, Defi meets the real needs of many investors, which makes the data continue to increase in the chain. At present, the total number of Defi lockouts has exceeded 100 billion USD worldwide.
That’s because Defi has grown in the blockchain market, the birth of Defi allows investors to experience the allure of decentralized financial services. Whether it is loans, insurance, or money management, it is executed through a code on a chain or predefined rules automatically and without the risk of black brokerage casework. On the one hand, investors tend to be calmer because their funds are held by them; on the other hand, the use of funds is increasing and they have more options when choosing and adjusting their investment strategy.
Currently, various kinds of Defi are popping up endlessly. However, the one-stop Defi product that can meet all types of needs is still not on the market. In this context, Rabbit Finance emerged.
What is Rabbit Finance?
Rabbit Finance is a Binance Smart Chain (BSC) based agricultural product protocol released by Rabbit Finance Lab. It supports users participating in liquidity farming through excess borrowing plus leverage to earn more income.
When users have insufficient funds but want to participate in DeFi’s liquidity farm, Rabbit Finance can provide up to 10X the leverage to help users earn maximum revenue per unit of time, and at the same time provide loan pool for users who prefer stable returns. to make a profit.
As the predecessors of this area such as Link, COMP, and BAL struggled alone, Rabbit Finance, which was late, had begun to push for resource integration to be one-of-a-kind for all Defi.
Ecology definition, at Rabbit Finance, ambitiously includes modules such as lever gun pool + stablecoin arithmetic, NFT + stablecoin arithmetic. For Rabbit Finance, they hope to build a Defi ecology through a combination of interrelated and easy functions.
This allows users to experience various contexts of DeFi usage in a one-stop way, as well as making rich profits.
Rabbit Finance features and values
lenders deposit their BNB in our safe; the assets are available for borrowing by the yield farmers; he earns interest for providing this liquidity.
the yield farmer wants to open a leveraged yield farming position on the BTC/BNB pair; he borrows BNB from the vault and enjoys higher yield farming rewards.
Finance’s smart contract takes care of all the mechanics behind the scenes optimally switching assets to the right ratio, providing liquidity to the pool, and staking LP for Pancake Rewards
the liquidator monitors the health of each leveraged position, and when it goes beyond designated parameters, she helps liquidate the position, making sure lenders such as do not lose their capital. For this service, she takes a 5% reward from the liquidated position.
the bounty hunter monitors the amount of rewards accrued in each pool and helps reinvest it back, compounding returns for all farmers. For this service, he takes 0.4% of the reward pool as a reward. 30% as buyback fund, which will be used for RABBIT’ buyback and deflation. The remaining 69.6% will be converted into LP of the pool and pledged again to obtain compounding returns.
Besides, when the bounty hunter pitches on the pool and executes the reinvestment, 30% of the bounty of the pool is used as buyback funds to promote the value of the token.
Why does reinvestment raise the value of the token? This can be explained by the supply and demand relationship in economics. When the demand exceeding the supply, the value of the asset is bound to raise. According to the deflation mechanism of Rabbit Finance, the 30% of reinvestment earnings is used to repurchase fund to realize the continuous deflation of the token. In the author’ perspective, the deflation mechanism of Rabbit will become the vital factor for realizing the price of token. Continuous buyback and dispose make it possible for the volume of token supply to decline on a limited scale. These will drive the token to be increasingly precious. When Rabbit achieves its implementation, the price of the token is expected to rise correspondingly.
The 30% of the bounty of the pool is used as buyback funds to promote the value of the token. For this service, 0.4% of the bounty pool is directly given to the bounty hunter as a reward, the remaining 69.6% will be converted into LP of the pool and pledged again to obtain compounding returns. The huge power gifted by repeated investment makes it possible for investors to make more profits.
Except for the value increase driven by the token deflation, Rabbit has some other values. For example, before Rabbit coming into being, gun pool tokens can do nothing but to govern. However, Rabbit holders can mortgage their stakes to the board to share bonuses. As long as Rabbit Finance is profitable, its holders are given the right to share the bonus as shareholders and make easy money.
NFT (Non-fungible Token) is an emerging niche market for nearly everyone to take his chance. It is predicted by the specialist that NFT has its potential to become one of the world’s biggest market. The authority of the Rabbit has given much thought to its token. Rabbit Finance Lab will continuously empower Rabbit token, for example, Rabbit holders can snap up irregular issued NFT artwork, and the Rabbit will be automatically locked up during this period. Its circulation will be blocked and its value is expected to be pulled up in a short term. Holding NFT can accelerate mining, empowering the NFT with value with the help of Rabbit.
These two parties are of reciprocal relationships, that is to say, holding Rabbit makes it possible for holders hold NFT, the appreciation of NFT token reacts on the appreciation of Rabbit.
What is RABBIT token?
RABBIT token is a governance token of the Rabbit Finance. It will also capture the economic benefits of the protocol. There will be a maximum of 200 million R tokens.
1. Community Pool
79.75% of total supply，about 159,500,000 RABBIT.
RABBIT will be released over two years with a decaying emissions schedule, and will be evenly distributed to the entire ecosystem as a community reward.
2. Institutional Pool
5.25% of total supply，10,500,000 RABBIT
Provide 5.25% investment quota for well-known institutions and investors. After the completion of the investment, 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 follow-up announcement.
- Hard cap：10,500,000 RABBIT = 525,000 USDT
- Exchange ratio: 1 RABBIT= 0.05 USDT
3. Development Fund
10% of total supply，about 20,000,000 RABBIT
10% of the distributed tokens will go towards funding development and expanding the team, and will be subject to the same two-year vesting as the tokens from the Fair Launch Distribution.
4. Warchest Fund
5% of total supply，about 10,000,000 RABBIT.
5% of the distributed tokens is reserved for future strategic expenses. In the first month, 250,000 tokens were released for listing fees, auditing, third-party services, and liquidity of partners.
Community pool release program
RABBIT token will be released over two years with a decaying emissions schedule, and will be evenly distributed to the entire ecosystem as a community reward.
In total, there will be 159,500,000 RABBIT. To incentivize early adopters, there will be a bonus period for the first weeks. Below is our planned block reward schedule. Based on it, the circulating supply profile of RABBIT can be plotted.
We will launch our services in the following sequence to ensure the smoothest experience for all users.
Open deposit vaults & pancakeswap liquidity pool
Users can start depositing their assets into our vaults
We will seed PancakeSwap RABBIT-BNB so people can start acquiring Rabbit right away
This phase is designed to make sure we have a healthy amount of assets for borrowing and liquidity for Rabbit trading for the next phase
To make sure we give everyone enough preparation time, we will start our rewards distribution on block xxxx,000 (approximately April 8th, 2021, 00.00 UTC time). Rabbit’s allocation plan will be updated as follows:
- 52% distributed to liquidity providers for the RABBIT-BNB pool on PancakeSwap
- 48% distributed to lenders who deposit BNB or BUSD nd other token into our vaults — rewards will be divided equally between the pools
Levered yield farming launched, farmers can open leveraged yield-farming positions and get RABBIT reward.
- When we complete our smart contracts audits, we will open the leverage yield farming function, thus completing our service loop. Our current estimate for this is at the end of the April, 2021
- We will make a separate announcement in advance to the community before launching Phase 2
The bonus period lasts about one week, after which the project officially starts, Rabbit’s allocation plan will be updated as follows:
- 40% distributed to liquidity providers for the RABBIT- pool on PancakeSwap
- 25% distributed to lenders who deposit BNB or BUSD and other token into our vaults — rewards will be divided equally between the pools
- 35% distributed to users who have leveraged yield-farming positions opened — rewards will be calculated based on the loan amount; only leverage positions ( > 1x) will receive rewards
From the perspective of the average investor, there are high entry barriers to using traditional finance – it is difficult for borrowers to get loans, while providers earn low incomes. Rabbit is expected to solve this problem in the context of Defi to provide high income to its users and increase the liquidity of funds. This is just one of the types of profits and changes that Rabbit Finance has made to investors. In the future world of finance, Rabbit Finance will play an even bigger constructive role.
Join our community
Related Link :
- 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
- Contracts info: https://app.gitbook.com/@rabbitfinance/s/homepage/resources/contract-information
- Audit report: https://app.gitbook.com/@rabbitfinance/s/homepage/resources/audit-report
Bitcointalk Unsername: Mame89
Telegram Username: @Mame_89
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=924342
BSC(BEP-20) Wallet: 0x079549B932Dd97De3E8EFAFE822b9eF70B77A4Ce