Detail Review Of Rabbit Finance

In the world of crypto, 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 Yield".

The Financial output agricultural project which is one of the Defi (Decentralized Finance) running on Binance's Smart Chain files, the exchange's 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 extraordinary company below:

What is Rabbit Finance?

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.

Some of our key features for enhancing usability are

• Flexible deposit options: our vault optimally converts your deposited assets and the borrowed BNB or BUSD to get an equal value-split to supply the farming liquidity pool. So for example, for the CAKE/BNB pool, you can deposit any amount of CAKE and/or BNB to start farming without having to do the conversions yourself.
• Automatic staking: our code stakes the LP tokens for you on the chosen platform(PancakeSwap, etc. ) automatically, so you can start earning rewards right away.
• Continuous compounding: the bounty hunter monitors the amount of rewards accrued in each pool and helps all farmers reinvest it. Our smart contract can sell your rewards(CAKE, etc.), converts them into the LP tokens for the pool you are farming, and compounds them onto your farming principal so you can maximize your APY.
• Claim RABBIT rewards anytime: by opening a leveraged yield farming position, you'll earn bonus rewards that you can claim anytime on the stake page.

As predecessors of this area like Link, COMP, and BAL are fighting alone, Rabbit Finance, a latecomer, has started to propel resource integration to be the one for all of Defi.

Defi ecology, on the Rabbit Finance, ambitiously included modules like lever gun pool + arithmetic stablecoin, NFT+ arithmetic stablecoin. For Rabbit Finance, they hope to build the Defi ecology through the easy to more advanced and Interlocking combination of functions.

It makes it possible for users to experience the various context of the use of DeFi in a one-stop way, as well as yielding rich returns.

How to Participate?

• 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.

Bonus Period

Open the deposit vault & pancakeswap liquidity pool

Users can start depositing their assets into our vault

We will seed PancakeSwap RABBIT-BNB so that people can start earning Rabbits immediately

this phase is designed to ensure that we have a healthy amount of assets to borrow and liquidity for trading Rabbit for the next stage

To make sure we give everyone enough preparation time, we will start our prize distribution in blocks of xxxx,000 (around April 8, 2021, 00.00 UTC time). The rabbit allocation plan will be updated as follows:

1. 52% distributed to liquidity providers for the RABBIT-BNB pool at PancakeSwap
2. 48% distributed to lenders who deposit BNB or BUSD and other tokens into our vaults - prizes will be divided equally among the pool

Officially Launched

Leveraged yield farming is launched, farmers can open positions of leveraged yield farming and earn RABBIT prizes.

1. When we complete our smart contract audit, we'll unlock the leveraged farm function, thus completing our round of services. Our current estimate for this is the end of April 2021
2. We will make a separate announcement to the community in advance before launching Phase 2

The bonus period lasts approximately one week, after the project officially starts, the Rabbit allocation plan will be updated as follows:

1. 40% is distributed to liquidity providers for the RABBIT pool - at PancakeSwap
2. 25% distributed to lenders who deposit BNB or BUSD and other tokens into our vaults - prizes will be divided equally among the pool
3. 35% distributed to users who open a position to farm the crops - the prize will be calculated based on the loan amount; only leveraged positions (> 1x) will receive the prize

What is the RABBIT token used for?

1. Protocol Governance

We will soon launch a governance vault that will allow community members to stake their RABBIT tokens. The RABBIT staker will receive xRABBIT where 1 xRABBIT = 1 vote, allowing them to decide on key governance decisionsIn the initial phase, governance decisions will be made on Snapshot.

2. Capture Economic Benefits of the Platform

Users of Rabbit Finance Protocol (depositors and borrowers, i.e. lenders and farmers) will be rewarded with RABBIT token for their deposit and borrow behaviors. Rabbit Finance platform will set up a buyback fund with its income, which will be used for deflation and appreciation of RABBIT token. When earnings is reinvested, 30% of that is used to RABBIT repurchase fund. The 20% of the depositor’s interest income is used as market development fund. All of these will contribute to RABBIT's demand increase and value growth.

3. Capture Economic Benefits of the RUSD, RBTC, RBNB etc.

RABBIT token is the shareholders' rights token of algorithm stable coin of RUSD, RBTC, RBNB etc. Whenever RUSD etc. is inflationary, the members who pledge RABBIT token to the boardroom will share the additional RUSD as dividends to share the benefits of ecological growth. For more details, please pay attention to our follow-up announcement

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.

Pools Allocation

Below are points allocation to each pool which determine the rewards distributed.

Bonus Period

Open deposit vaults & pancakeswap liquidity pool, emission rate: 42 RABBIT /block. It lasts about one week.

Join our community

FOR MORE INFORMATION CHECK BELOW LINKS :

●  Rabbit Finance website: https://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

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