Rabbit Finance is a combination of various popular projects in the market such as Alpaca Finance and Badger Finance
What is Rabbit Finance?
Rabbit Finance is a leveraged cultivation protocol built on top of the Binance Smart Chain. This allows yield growers to get higher returns by opening leveraged positions.
Rabbit Finance is a leveraged cultivation protocol based on the Binance Smart Chain (BSC) released by Rabbit Finance Lab. It supports users who participate in liquidity farming through excessive borrowing and leverage to earn more income.
When users do not have sufficient funds but wish to participate in the Defi liquidity farm, Rabbit Finance can provide up to 10 times leverage to help users get maximum revenue per unit of time while providing loan pools for users who prefer stable returns to profit.
Rabbit Financial Features
Rabbit Finance is a leveraged yield farming protocol built on the BSC platform that makes it fast, secure and affordable. With the leveraged yield farming feature provided by Rabbit Finance, it allows users to achieve revenue per unit of time when their funds are insufficient and at the same time provides a loan facility for those who want a stable return. In this way, it enables global users to be able to maximize their profits easily and affordably.
Following are Rabbit Finance's features:
Flexible deposit options: Rabbit Finance designs the vault optimally converts user-stored assets and borrowed BNB or BUSD. So that users don't need to do the conversion themselves.
Auto-betting: The Rabbit Finance mechanism allows betting of LP tokens for users on selected platforms (PancakeSwap, etc.) automatically. So that users can get rewards as soon as possible.
Continuous compounding: Bounty hunters have the role of monitoring the number of gifts earned in each batch and helping farmers to reinvest them.
Claim RABBIT rewards anytime: Rabbit Finance allows users to claim their bonus rewards at any time.
Strength & Vision
- Alpaca Finance + Badger Finance + StableCoin Algorithm
- leveraged lending + Yield Farming + Algorithm mechanism
Rabbit Finance fully exploits 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. 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 also believes that algorithmically stable coins are the final Holy Grail in the DeFi field. They are and will be 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 commercial sustainability, and to provide appropriate and cost effective financial services to people of all social strata 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?
There are four different ways to participate in Rabbit Finances as us:
Lenders: Rabbit Finance allows you to earn income from your core assets by storing them in our vaults. These assets will then be offered to yield farmers to strengthen their position.
Farmer: As a farmer, you can get higher returns by opening a leveraged position with Rabbit Finance. Of course, this comes with a bigger risk: liquidation, variable losses, etc.
Liquidator: Monitoring pond for underwater position and liquidation.
In the example below, we show how each participant works together in our ecosystem:
Cora, the lender keeps his BNB in our vault; the assets become available for borrowing by yield farmers; it's attractive to provide that liquidity.
Dunn, the yield producer wants to open a leveraged yield farm position in the BTC / BNB pair; he borrowed BNB from the vault and benefited from the agricultural produce which produced more.
Smart contracts: Rabbit Finance handles all the behind-the-scenes mechanisms, optimally transfers assets at the right ratio, provides liquidity to pools and stakes LP for Pancake Rewards.
RABBIT Token
RABBIT is a token launched by Rabbit Finance which will act as a governance token and also as a “fuel” that will support Rabbit Finance's operations. Binance's BEP-20-based RABBIT token with a total supply of 200 million Rabbit tokens. It is planned that RABBIT will act as a token and governance award.
RABBIT distribution
1. Community Pool
79.75% of the total supply, around 159,500,000 RABBIT.
RABBIT will be released over two years on a rotting emissions schedule, and will be distributed evenly throughout the ecosystem as a community reward.
2. Institutional Base
5.25% of the total supply, 10,500,000 RABBIT
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 announcement.
Hard hats: 10,500,000 RABBITS = 525,000 USDT
Exchange rate: 1 RABBIT = 0.05 USDT
3. Development Fund
10% of the total supply, about 20,000,000 RABBITS
10% of the tokens distributed will be used to fund development and team expansion, and will be subject to the same two-year award as the token from the Fair Launch Distribution.
4. The Warchest 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.
Officially Launched
- Leveraged yield farming is launched, farmers can open leveraged yield farm positions and earn RABBIT prizes.
- When we complete our smart contract audit, we'll unlock the leveraged farm function, thus completing our round of services. Our current forecast for this is the end of April 2021
- 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:
- 40% is distributed to liquidity providers for the RABBIT pool - at PancakeSwap
- 25% distributed to lenders who deposit BNB or BUSD and other tokens into our vaults - prizes will be divided equally among the pool
- 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
Allocation of Pools
Below is the allocation of points for each pool that determines the rewards distributed.
Bonus Period
Open the deposit vault & pancakeswap liquidity pool, mission level: 42 RABBIT / block. It lasted about a week.
- Pools - RINGS / blocks
- Deposit Collection ： ibBNB - 2.52
- Deposit Collection ： ibBUSD - 2.52
- Deposit Collection ： ibUSDT - 2.52
- Deposit Collection ： ibUSDC - 2.52
- Deposit Collection ： ibDAI - 2.52
- Deposit Collection ： ibBTCB - 2.52
- Deposit Collection ： ibETH - 2.52
- Deposit Collection ： ibCAKE - 2.52
- Pancakeswap RABBIT-BNB LP - 21.84.0
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