Cryptocurrency attributes
Other attributes
Rabbit Finance is the lending protocol allowing leveraged yield farming function on the Binance Smart Chain 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 very limited funds but wants to participate in DeFi liquidity farming, Rabbit Finance can provide up to 10X leverage to help users obtain the maximum revenue per unit time, at the same time provides a borrowing pool for users who prefer stable returns to earn profits.
Rabbit Finance is invested by 11 top tier capitals and fund of exchanges, led by FBG Capital, Horizon Capital, PCoin Labs, Redline Capital, AngelONE Capital, LBank, BKEX Capital, HBTC Labs, Hot Labs Du Capital and Bibox.
As a user, you can participate in Rabbit Finance in 3 different ways:
Lender: Rabbit Finance allows to earn returns on your base assets by depositing them into the Bank. These assets will then be offered to yield farmers or margin trading investors for leveraging up their positions.
Farmer: As a farmer, you can earn a higher yield by opening a leveraged position on Rabbit Finance.
Trader: Traders can borrow funds from the Bank on margin, entrusting strategic contracts to execute transactions through Biswap and PancakeSwap by buying /selling target assets. Margin trading pairs planned for the first phase: BTCB/USDT, ETH/USDT, BNB/USDT.
Mr. A, the lender deposits her BNB into the Bank; his asset becomes available to borrow for a farmer of leveraged yield farming or a trader of margin trading, he earns returns from debt interests paid by farmers or trader who borrowed BNB from the Bank.
Mr. B, the yield farmer wants to open a leveraged yield farming position on the BTC/BNB pair with 2X leverage; he borrows BNB from the Bank and enjoys 2 times of yield farming rewards while being obligated to pay back equal value BNB and pay borrowing interest when closing position.
Mr. C, the margin trading investor is optimistic about BNB. He can open a long position for BNB with 5 times leverage through Rabbit M, providing BNB as principal and borrowing USDT from Rabbit Finance Bank to buy BNB and entrust it to Rabbit Finance Vault Contract. Mr. C will pay borrowing interest to Rabbit Finance Bank for the USDT loan and get 5 times amplified gains from the rise in BNB price.
Rabbit Share Coin (RS) is the governance token of the Rabbit Finance protocol and is the core of the RABBIT community governance. Members of the RABBIT community can obtain RS taken by mint with RABBIT, RABBIT-LP and SLP.
Rabbit Shape Coin (RS) is a DeFi 2.0 concept token with the concept of Protocol Controlled Value (PCV). It supports the Protocol Owed Liquidity (POOL) mechanism, staking for interest and Bonding discount purchases.