Rikkei Finance ($RIFI) is the last word lending resolution that’s scalable and user-friendly. Rikkei Finance is an all-inclusive monetary platform that boasts excessive efficiency and effectivity. RiFi improves the DeFi lending ecosystem by way of sustainability, interoperability, range, community-centered strategy, and its core system.
The stable imaginative and prescient of the RiFi group from the early stage is to construct a lending protocol that prioritizes sustainability. It’s true that just lately there are numerous assaults in numerous sizes focusing on totally different DeFi protocols on BSC. They exploit a number of weaknesses of the protocols, typically together with (1) Bugs in supply code, (2) manipulating the token worth, and (3) awful threat administration management mannequin. Rikkei Finance applies a number of strategies to make lending straightforward and safe in any respect levels.
Rikkei Finance employs the multi-kinked rate of interest mannequin fairly than the standard linear rate of interest mannequin. The energy of the multi-kinked mannequin is that it might deal with the stress level of a excessive utilization price (Ut). At that time, the borrowing demand considerably will increase, and all customers borrow on the most. Consequently, if the market witnesses a major worth correction, it would create a mass liquidation impact, instantly lowering the liquidity of the protocol and making the system unsustainable. RiFi’s strategy is to extend the curiosity borrowing price significantly to reduce threat and restrict borrowing presently.
Rikkei Finance ensures system sustainability by way of a clear 5-phase asset choice course of, which incorporates: (1) Information crawling, (2) Filter, (3) Liquidity measurement and Rating, (4) Evaluation and Asset choice, and (5) Asset addition.
Asset information is collected each day by way of information crawling. The belongings are assessed of their capability to fulfill the minimal standards when it comes to market cap, quantity, the ratio of circulated to whole provide, and different components. The belongings are filtered into section 3 for liquidity measurement and rating. The highest-ranking belongings would then be additional analyzed and entered into the voting part earlier than being formally added to the pool.
The core worth of the asset choice course of is that belongings shall be evaluated utilizing a self-developed Liquidity Rating System, making certain that solely probably the most liquid belongings are allotted to the pool, minimizing the danger of market manipulation.
RiFi applies a high-standard threat administration mannequin, which incorporates strictly monitoring collateral components; setting limits for one-time withdrawal; freezing the provision/borrow when there’s an assault, and using advanced worth oracles.
Skilled events will audit RiFi’s supply code. There’ll quickly be a bug bounty program with extraordinarily excessive worth as nicely.
Rikkei Finance’s founders set a laser-like give attention to growing a core product – the lending system fairly than a large ecosystem with none high-quality merchandise. Subsequently, RiFi is designed for straightforward integration into numerous techniques, starting from monetary administration platforms, equivalent to chilly wallets or gnosis protected, to NFTs market techniques and even insurance coverage protocols.
Rikkei Finance will proceed to boost and pioneer in supporting various kinds of collaterals, BSC belongings, multi-chain belongings, token-based collateral, and most particularly NFTs and LP tokens.
By way of NFT, Rikkei Finance will accomplice with different top-tier NFT marketplaces to ship Peer-to-Peer NFT lending, permitting RiFi to reap the benefits of the prevailing consumer base with out spending efforts on educating prospects. This Peer-to-Peer NFT lending system additionally eliminates dangers related to the protocol, particularly when a bunch of customers can simply manipulate NFT’s worth.
RiFi is a safe system that shall be user-centric, enabling customers to reap the utmost returns when collaborating in our protocol.
RiFi’s multi-kinked rate of interest mannequin makes borrowing much less cost-prohibitive in intervals of low utilization price by decreasing the rate of interest to extend borrowing demand whereas sustaining liquidity offering incentives with token rewards.
Moreover, Rikkei Finance will collaborate carefully with the insurance coverage protocol to offer our customers the first-ever liquidation protection, defending them towards good contract hacks and asset liquidation.
Robust core group
Rikkei Finance’s stable core group is its secret behind its capability to perform. The group is backed by Rikkeisoft, one of the respected IT firms in Vietnam. With a pool of 1300+ skills, Rikkeisoft supplies monetary help, workforce and authorized help. Rikkei Finance additionally has secured investments from notable long-term buyers, together with Signum Capital — the Main Investor of the venture, HyperChain Capital, Kyber Community, PNYX Ventures, X21 Digital, Tomochain, LD Capital, Kernel Ventures, Kyros Ventures, Coin98 Ventures, YBB Basis Restricted, Ark Stream Capital, Inclusion Capital, and Fundamentals Capital. Rikkei Finance is assured to raise scalability and DeFi lending adoption to an entire new stage.