Introduction:
DeFi and blockchain technology keeps growing, bringing up new projects that would benefit the Crypto community positively. There are different DeFi projects in the DeFi space that do not deliver what the community expects from them, meanwhile there are also successful ones which their community trusts. There are so many things in DeFi such as DEXs, CEXs, Lending platforms, yield farming, staking platforms, marketplaces etc. The Rabbit Finance is a yield farming platform which offers their users high leverage in trading. At the end of users' trade, they retire with high profits, all thanks to Rabbit Finance and its ecosystem. The platform is developed on the Binance Smart Chain(BSC), and is known to provide yield farmers with good profits once they open a leverage position.
How do users obtain their yield?
Yield is normally obtained from different methods in different yield farming platforms, and it is important for a yield farmer to keep where the yield comes from in whatever yield farming platform he/she is involved in.
The yield in Rabbit Finance is gotten from the farmer's participation in farming activities.
If a user is a lender, they get their yield from incentives from the platform, which is given in RABBIT. They also get interests from buyers who have paid for open leverage yield farming.
If a user is a yield farmer, they get their yield from the fees which the particular pool has placed from trading. The pool can also decide to reward the farmers i.e with their token. The Rabbit Token can also present the farmer with their RABBIT token when they open a leverage position on their platform.
Is the Rabbit Finance safe?
The contracts used on the Rabbit Finance is protected by the Time Lock contract. This means that whatever change made by developers of the platform would only take effect after 1 day. Any hack or scam attempts would make it possible for the users of the platform to quickly withdraw their funds, and get away with it before the hack occurs. In the future, the codes of the contracts of Rabbit Finance will be audited to further protect users' funds and data.
RABBIT Token
The RABBIT token is the native and governance token of Rabbit Finance, and is known to be 200 million in total. Users of the platform can earn the RABBIT token in four different ways: by being a lender, bounty hunter, liquidator or a farmer.
The RABBIT token is already available for sale in the PancakeSwap in the RABBIT-WBNB pool. The RABBIT token will soon be listed in various DEXs and CEXs.
Conclusion: Rabbit Finance will surely make it big in the DeFi space in the nearest future. Over-leveraged yield farming is gradually making a name in the DeFi space, and would be just as productive as DEXs and lending activities. Yield farmers simply have to make use of their high(10x) leverage position, which would give back 10x their capital. The position of leverage which Rabbit Finance offers their users is not easy to find in a typical yield farming protocol.
USEFUL LINKS
Website: http://rabbitfinance.io/
Whitepaper: https://app.gitbook.com/@rabbitfinance/s/homepage/
Telegram group: https://t.me/RabbitFinanceEN
Twitter: https://twitter.com/FinanceRabbit
Github: https://github.com/RabbitFinanceProtocol
AUTHORS INFORMATION :
Bitcointalk Username : Pona
Bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=2844964