Introduction Rabbit Finance is a Binance Smart Chain (BSC) based agricultural produce protocol released by Rabbit Finance Lab. It supports users participating in liquidity farming through excess borrowing plus leverage to earn more income. When users have insufficient funds but want to participate in DeFi's liquidity farm, Rabbit Finance can provide up to 10X the leverage to help users earn maximum revenue per unit of time, and at the same time provide loan pool for users who prefer stable returns. to make a profit. 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. 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 are the RABBIT tokens used for? The Governance Protocol will soon launch 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 Rabbit Finance Protocol User Platform (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 the depositor's interest income is used as a market development fund. 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. Strength & Vision Rabbit Finance fully leverages and adopts the advantages of projects in the market, using over-exploited 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 token rights and shareholder interests of the RUSD algorithm stable coin. Whenever the RUSD experiences inflation, members who pledge R tokens to the meeting room will distribute additional RUSD as dividends to share the benefits of ecological growth. Rabbit Finance believes that the leveraged yield farming platform will be the next killer app in the Defi field after a decentralized exchange and lending platform. It is also believed that the algorithm stable coin is the last Holy Grail in the Defi field. They are and will be the most important infrastructure in the world of Defi. 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 cost effective financial services for people of all social walks of life and groups who need financial services. Rabbit Finance is not a simple leveraged farming platform or an algorithmically stable coin system. It will be a decentralized and inclusive financial services infrastructure with sustainable hematopoiesis capabilities and based on blockchain technology. Compared to the same role as the Fed, what Rabbit Finance expects goes far beyond the role of the Fed in the world economy. How to Participate?
Lenders: Rabbit Finance allows you to earn income on your basic assets by depositing them in our vaults. These assets will then be offered to yield farmers to increase their position.
Farmers: As a farmer, you can get higher yields by opening a leveraged position with Rabbit Finance. Of course, this comes with a bigger risk: liquidation, variable losses, etc.
Liquidators: Monitor ponds for underwater positions and liquidate them when they become too risky.
Bounty Hunter: Prize hunter in pool and execute reinvestment, 30% of bounty pool is used as buyback fund to promote token value. For this service, he takes 0.4% of the bounty pool as a reward, the remaining 69.6% will be converted into pool LP and promises again to get a combined return.
At launch, we will support the two basic assets of BNB and BUSD, and integrate our leveraged farm with PancakeSwap.
Cora, the lender deposits his BNB in our safe; the assets are available for borrowing by the yield farmers; he earns interest for providing this liquidity.
Dunn, the yield farmer wants to open a leveraged yield farm position in the BTC / BNB pair; he borrowed BNB from the vault and enjoyed higher yielding agricultural produce.
Rabbit Finance smart contracts handle all the behind the scenes mechanisms optimally transferring assets to the right ratios, 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 the prescribed parameters, he helps to liquidate the positions, making sure the lender doesn't seem to lose his capital. For this service, he takes a 5% reward from liquidated positions.
Bounty hunter James keeps track of the amount of bounty earned in each batch and helps reinvest it, combining returns for all farmers. For this service, he takes 0.4% of the prize pool as a reward. 30% as buyback funds, which will be used for RABBIT buyback and deflation. The remaining 69.6% will be converted into LP from the pool and guaranteed again to get multiple returns.
RABBIT distributionCommunity pool 79.75% of the total supply, approximately 159.5 million RABBITS. RABBIT will be released over two years on a rotting emissions schedule, and will be distributed evenly throughout the ecosystem as a community reward. Institutional Base 5.25% of the total supply, 10.5 million KELINCI Provide investment quota of 5.25% for well-known institutions and investors. After the investment is complete, 245,000 RABBIT will be released every 7 days, and 10,500,000 RABBIT will be released within 300 days (about 10 months). The specific time to be determined, please pay attention to the follow-up announcements. Hard hat ： 10,500,000 RABBIT = 525,000 USDT Exchange ratio: 1 Rabbit = 0.05 USDT Development Fund 5% of the total supply, around 10,000,000 RABBIT. 5% of the tokens distributed are reserved for future strategic spending. In the first month, 250,000 tokens were released for listing, auditing, third party services and partner liquidity fees. Community collection release programThe RABBIT token will be released over a two year period with a rotting emission schedule, and will be distributed evenly throughout the ecosystem as a community reward. related links
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