Rabbit Finance is the best lending protocol allowing leveraged yield farming function on the Binance Smart Chain 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 very limited funds but wants to participate in DeFi liquidity farming, Rabbit Finance can provide up to 10X leverage to help users obtain the maximum revenue per unit time, at the same time provides a borrowing pool for users who prefer stable returns to earn profits. Rabbit Finance is invested by 11 top tier capitals and fund of exchanges, led by FBG Capital, Horizon Capital, PCoin Labs, Redline Capital, AngelONE Capital, LBank, BKEX Capital, HBTC Labs, Hot Labs Du Capital and Bibox.
The live Rabbit Finance price today is $0.110489 USD with a 24-hour trading volume of $275,123 USD. They update the RABBIT to USD price in real-time. Rabbit Finance is down 1.67% in the last 24 hours. The current CoinMarketCap ranking is #3276, with a live market cap of not available. The circulating supply is not available and a max. supply of 203,000,000 RABBIT coins.
Based on lending and borrowing function, farmers could provide collaterals, to borrow funds from the Bank, with leverage as high as 9x and optimized autocompound strategy to gain farming reward.
Rabbit Finance Based on lending and borrowing function, traders could provide collaterals, to borrow funds from the Bank, to buy long or sell short designated assets. Currently, 3 kinds of assets including BNB, BTC and ETH have been supported and more assets will be supported in the future.
Rabbit Finance has launched Boardroom and released veRABBIT. RABBIT holder can mint veRABBIT with different lock-up time to participate in the Boardroom reward pools. More functions such as community governance will be added soon.
Non-Fungible Token (NFT) is an application of cryptocurrency. Rabbit NFT is under planning and construction, and it will be used as a Utility Token in the Rabbit ecosystem. Rabbit NFT not only enriches the tokenomics, but also provides more playability to the community, which will surely become a successful model of NFT.
Rabbit Finance is a leveraged trading protocol based on lending and borrowing functions. Lending and borrowing, leveraged yield farming and margin trading are the core functions online at present, while more products such as options, synthesis assets and NFT will be launched as planned in the roadmap.
Rabbit Finance is led by FBG Capital. A total of 11 top-tier capital and funds under top trading platforms including Redline Capital, Du Capital, PCoin Labs, Horizon Capital, Hot Labs, AngelONE Capital, LBank, BKEX Capital, HBTC Labs and Bibox participate in the investment.
1. Mint and Release
The Boardroom will launch veRABBIT and lock up function. Lock RABBIT up to get veRABBIT, which is lock-up time weighted equity token of RABBIT.
Rewards such as CARROT, RABBIT and other tokens will be distributed to the Boardroom reward pools according to veRABBIT staking proportion.
Rabbit Finance will launch the DAO governance plan, and veRABBIT will be supported for protocol governance and receive governance rewards.
How to mint veRABBIT
RABBIT holders can choose to lock up in short-term (7 days, 14 days), medium-term (30 days, 90 days, 180 days), and long-term (365 days). The longer the lock-up time user select, the more veRABBIT obtained, and the higher the farming yield from the reward pool. The range has been set: the minimum period is 7 days, the maximum period is 365 days, and the maximum multiple is 8x. The formula of how many veRABBIT can RABBIT staking user get:
veRABBIT amount obtained = RABBIT staked * [Multiple 1x + Staking period selected N Days * (Max. Multiple 8x – Multiple 1x) / Max. Staking Period 365 Days]
How to release RABBIT
veRABBIT holder can release it to RABBIT at a ratio of 1:1 after the stake period expires. The more reinvestment (staking) times and the longer the lock-up time, the more veRABBIT the user will get. The held veRABBIT will receive corresponding income and voting rights.
2. Boardroom Reward Pools
They will continue to add various reward pools to encourage RABBIT staking and veRABBIT holders. Boardroo reward pools allocate rewards according to the proportion of veRABBIT in the corresponding pool.
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.