Rabbit Finance-Sheer Leveraged Yield Farming Pleasure
Introduction
Rabbit Finance is a leveraged yield farming protocol based Binance Smart Chain (BSC) released by Rabbit Finance Lab. It supports users participating in liquidity farming through over-lending plus leverage to get more revenue.
When the user has insufficient funds but wants to participate in DeFi liquidity farming, Rabbit Finance can provide up to 10X the leverage to help users obtain the maximum revenue per unit time, and at the same time provide a borrowing pool for users who prefer stable returns to earn profits.
Rabbit Finance fully draws on and adopts the advantages of the projects in the market, uses the over leveraged yield farming products with the advantages of Alpaca Finance and Badger Finance, creatively combines the mechanism of algorithm stable coin to empower the RABBIT token. In the whole economic ecology of Rabbit Finance, RABBIT token, which is endowed with more application scenarios, not only represents the governance rights and interests of the leveraged yield farming protocol, but also the shareholders’ rights and interests token of algorithm stable coin of RUSD. Whenever RUSD is inflationary, the members who pledge R token to the boardroom will share the additional RUSD as dividends to share the benefits of ecological growth.
Rabbit Finance believes that the levered yield farming platform will be the next killer application in the field of DeFi after the decentralized exchange and lending platform. It also believes that algorithm stable coin is the last Holy Grail in the field of DeFi. They are and will be the most important infrastructure in the DeFi world. Rabbit Finance’s vision is to become the Federal Reserve of the DeFi world, based on the principles of equal opportunity and commercial sustainability, and to provide appropriate and effective financial services at affordable cost for people of all social strata and groups who need financial services. Rabbit Finance is not a simple leveraged yield farming platform or algorithmic stable coin system. It will be a decentralized and inclusive financial services infrastructure with the ability of continuous hematopoiesis and based on blockchain technology. Compared to being the same role as the Fed, what Rabbit Finance expects goes well beyond The Fed’s role in the world economy.
How to Participate?
As a user, you can participate in Rabbit Finance in four different ways:
Lender: Rabbit Finance allows you to earn income on your base assets by depositing them into our vaults. These assets will then be offered to yield farmers for leveraging up their positions.
Farmer: As a farmer, you can earn a higher yield by opening a leveraged position on Rabbit Finance. Of course, this comes with bigger risks: liquidation, impermanent loss, etc.
Liquidator: Monitoring the pool for underwater positions and liquidating them when they become too risky.
Bounty Hunter: The bounty hunter pitches on the pool and executes the reinvestment, the 30% of the bounty of the pool is used as buyback funds to promote the value of the token.For this service, he takes 0.4% of the bounty pool as a reward, the remaining 69.6% will be converted into LP of the pool and pledged again to obtain compounding returns.
At launch, we will support two base assets BNB and BUSD , and integrate our leveraged farming with PancakeSwap.
In this example below, we show how each participant works together in our ecosystem:
Cora, the lender deposits his BNB into our deposit vault; his asset becomes available for a yield farmer to borrow; he earns interest for providing this liquidity.
Dunn, 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.
Rabbit 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
Gary, 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.
James 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.
RABBIT Info
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.
From ordinary investors’ perspective, there are high entry barriers to use traditional finance — it’s hard for borrowers to raise a loan, while the providers get low earnings. Rabbit is expected to solve this problem under the context of Defi to give its users high earnings as well as increasing the liquidity of the fund. This is just one kind of benefit and change made by Rabbit Finance to investors. In the future finance world, Rabbit Finance will play a bigger constructive role.
For more information about this project you can see it below:
◾ WEBSITE: http://rabbitfinance.io/
◾ TWITTER: https://twitter.com/FinanceRabbit
◾ TELEGRAM GROUP: https://t.me/RabbitFinanceEN
◾GITHUB: https://github.com/RabbitFinanceProtocol
◾ DISCORD: https://discord.gg/tWdtmzXS
◾ WHITEPAPER: https://app.gitbook.com/@rabbitfinance/s/homepage/
◾ CONTRACTS: https://app.gitbook.com/@rabbitfinance/s/homepage/resources/contract-information
◾ AUDIT: https://app.gitbook.com/@rabbitfinance/s/homepage/resources/audit-report
Author
ID: Jameslong
Link profile: https://bitcointalk.org/index.php?action=profile;u=2737321
Ethereum Wallet: 0x4a9a6ab7e70e45eb0f7e1cd24527715680e28d62
Thank you for watching the content of the article, see you in the upcoming projects !!!