Rabbit Finance - Agricultural Revenue Leveraged by the People and for the People
Rabbit Finance is a Binance Smart Chain (BSC) based on Leveraged Agricultural Protocol published by Rabbit Finance Lab. It supports users participating in liquidity farming through excess funding and leverage to generate more income. If users do not have sufficient funds but wish to participate in DeFi's liquidity farm, Rabbit Finance can take advantage of up to 10x leverage to help users get maximum revenue per unit of time while maintaining the credit pool for users who prefer stable. back to make a profit.
Strength & Vision
Alpaca Finance + Badger Finance + algoritma StableCoin Leveraged Lending + Yield Farming + Algorithmusmechanismus Rabbit Finance takes full advantage of and leverages projects in the market, leveraging leveraged revenue products with the benefits of Alpaca Finance and Badger Finance, and creatively combining algorithms from algorithmically stable coins to strengthen the RABBIT token. Across the economic ecology of Rabbit Finance, the RABBIT token, complemented by more application scenarios, represents not only the governance rights and interests of the exploited yield farming protocol, but also the rights and shareholder interests of the algorithmically stable RUSD coin. When the RUSD experiences inflation, members who guarantee meeting room R-Tokens will distribute extra RUSD as dividends to share the benefits of ecological growth. Rabbit Finance believes that the leveraged farming platform will be the next killer app in the DeFi space after a decentralized exchange and credit platform. Algorithmic stable coins are also believed to be the last holy grail in the DeFi field. They are and will remain 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 economic sustainability, and to provide adequate and effective financial services at affordable costs to people from all walks of life who need financial services. Rabbit Finance is not a simply leveraged yield farming platform or an algorithmically stable coin system. It will be a decentralized and integrative financial service infrastructure with sustainable hematopoiesis capabilities based on blockchain technology. Compared to the same role as the Fed, what Rabbit Finance expects goes far beyond the Fed's role in the global economy.
Strategy
Rabbit Finance uses strategies to achieve the highest possible yield for our farmers. We also want to ensure that our users have the best experience interacting with our platform. That's why we've simplified the leveraged farming process by automating a lot of things behind the scenes. Some of our key features for increasing usability are:
Flexible deposit options: Our vault transforms your saved assets and optimally borrowed BNB or BUSD to get an even distribution of value for the farm liquidity pool supply. For example, you can save an amount of CAKE and / or BNB for a CAKE / BNB pool to start farming without having to do the conversion yourself.
Auto-bet: Our code automatically stakes LP tokens on the selected platform (PancakeSwap, etc.) for you so you can start earning immediately.
Continuous compounding: Bounty hunters monitor the number of prizes earned in each batch and help all farmers reinvest them. Our smart contracts can sell your prizes (CAKES etc), convert them to LP tokens for the batches you grow, and combine them based on your farming principles so you can get the most out of your APY.
Claim the RABBIT prize at any time: when you open a Leveraged Yield Farming position, you will receive a bonus prize which you can claim anytime on the betting page.
The specific strategies for each farm group can be found in the diagram below.
What is Rabbit Finance?
Rabbit Finance is a leveraged farming protocol built on top of the Binance Smart Chain. This allows yield farmers to get higher returns by opening leveraged positions.
Rabbit Finance is a leveraged yield farming protocol based on the Binance Smart Chain (BSC) released by Rabbit Finance Lab. It supports users participating in liquidity farming through excess borrowing plus leverage to earn more income.
What is RABBIT Token?
The RABBIT token is the Rabbit Finance platform governance token. It will also capture the economic benefits of the platform. There will be a maximum of 200 million RABBIT tokens.
What is the RABBIT token used for?
Protocol Governance
soon launched a governance vault that will allow community members to stake their RABBIT tokens. RABBIT Stakers will receive xRABBIT where 1 xRABBIT = 1 vote, enabling them to decide on major governance decisions. In the initial phase, governance decisions will be made on the Snapshot.
Capture the Economic Benefits of the Platform
Rabbit Finance Protocol users (depositors and borrowers, i.e. lenders and farmers) will be given RABBIT tokens for their deposit and loan behavior. The Rabbit Finance platform will prepare a buyback fund with its income, which will be used for deflation and appreciation of the RABBIT token. When the income is reinvested, 30% of it is used for the RABBIT buyback fund. 20% of depositors' interest income is used as market development funds. All of this will contribute to increased demand and growth in the value of RABBIT.
Get Economic Benefits from RUSD, RBTC, RBNB
The RABBIT token is a shareholder rights token of the algorithm stable coins RUSD, RBTC, RBNB, etc. Whenever RUSD etc is experiencing inflation, members who pledge RABBIT tokens to the meeting room will distribute additional RUSD as dividends to share the benefits of ecological growth. For more details, please pay attention to our follow-up announcement.
Take CAKE-BNB as an example
Liquidation If your debt ratio exceeds the threshold (kill factor), your position will be liquidated. The value you get after liquidation depends on the homicide factor. Please see the following table for the estimate of Kill Factor - Pools Liquidation Bounty Estimated value of return to farmers 80% CAKE-BNB 5% ~ 19% of debt value 83.3% BTCB-BNB 5% ~ 16% of debt value ETH-BNB BNB- BUSD BNB- USDT USDT-BUSD 96% DAI - BUSD 5% ~ 3.5% of the USDC-BUSD debt value Example: Dunn opened a yield farm position with 2x leverage in the CAKE BNB pool he sent 10 BNB safe we had loaned him 10 BNB We then optimally exchanged BNB for CAKE and got LP tokens for them Currently the position is ~ 20 BNB (in fact it will be slightly lower due to price impact from swaps and trading fees). Your debt ratio ~ 50% A little later… BNB's price has appreciated significantly, resulting in Dunn's position being less valuable in BNB's term. This is because the LP pool tries to keep the token pairs at the same value, which results in more CAKE and less BNB in position. Unfortunately, the price of BNB continues to rise so the debt ratio reaches 80% (kill factor) and the liquidation bot calls smart contracts to close their positions. At this point, your position value is roughly ~ 12.5 BNB10 BNB is used to pay off the loan0,125 BNB (5% of the remaining 2.5 BNB) is paid to the liquidator as a reward 2,375 BNB is returned to the user In order for this example to be understood, please note that this example ignores the effect of the revenue reward and trading fees which will increase the value of Dunn's position and make his position more secure. They also ignore the interest rate on the loan, which adds to the value of their debt and increases their debt ratio.
What is a KELINCI token?
The RABBIT token is Rabbit Finance's governance token. This will also make it possible to reap the benefits of the protocol. A maximum of 200 million R Tokens.
Distribute RABBIT
Community pool
79.75% of the total offer, around 159,500,000 RABBIT.
RABBIT will be released for two years by the downgrade program and will be distributed evenly by the entire ecosystem as a community reward.
Institutional basis
5.25% of the total bid, 10,500,000 RABBIT
Investment fee of 5.25% for and well-known investors. After the investment is complete, 245,000 KELINCI will not be released every 7 days and 10,500,000 KELINCI will be released in 300 days (about 10 months). The specific time will be determined, please announce the follow-up.
Helmet: 10,500,000 RABBIT = 525,000 USDT
Exchange rate: 1 RABBIT = 0.05 USDT
Development Fund
10% of the total supply, about 20,000,000 of RABBIT, that is
10% of the tokens transferred will be used to fund team development and expansion, and will receive the same annual reward as the Fair Launch Distribution token.
Dana Warchest
5% of the total supply, around 10,000,000 RABBIT.
5% of tokens distributed are reserved for strategic spending by the future. In the first month, 250,000 tokens were issued for listing, auditing, third parties and partner fees.
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To conclude
Rabbit Finance fully utilizes and adopts the advantages of projects in the market, using over-leveraged agricultural products with the advantages of Alpaca Finance and Badger Finance, creatively incorporating an algorithm-stable coin mechanism to empower the RABBIT token. Across the economic ecology of Rabbit Finance, the RABBIT token, endowed with more application scenarios, represents not only the governance rights and interests of the leveraged farming protocol, but also the rights and interests of token shareholders of the RUSD algorithm stable coin. Rabbit Finance can provide up to 10X leverage to help users earn maximum revenue per unit of time, and at the same time provide a pool of loans for users who prefer stable returns to profit. Join our community
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