Rigel Protocol
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Rigel Protocol
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Rigel Protocol
RigelProtocol is a Decentralised protocol of a number of DEFI products. Products will include cross-chain, swapping, yield-farming, leverage trading and more.
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The Rigel protocol is a decentralized Blockchain protocol for a diverse set of DeFi products.
DeFi products : interchain transactions, smart token exchange, yield cultivation, margin trading, and more. The Rigel Protocol Margin Trading ecosystem will run on the $RGP token.
The $RGP token will be used to reward liquidity providers. Yield farmers and credit providers will also be able to receive $RGP tokens. The Rigel Protocol Yield Farming feature will protect cash flow providers through a lower APY (Annual Percentage Yield) and lock-in period for tokens mined through this pool. Power and ownership are retained by the user, leaving control of funds to the community in a decentralized and unrestricted way.
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October 3, 2021
Great news for Rigel Protocol! Our Yield Farming V2 it’s currently on the last stages of development in order to deliver new farming pools, a much better user experience, security and contract stability.
Just a few days for the community to enjoy the new DApp version!
Estimated Block Target Date: 07/10/2021
Countdown to launch: https://bscscan.com/block/countdown/11563388
Once launched, Farming V1 Liquidity Providers will need to migrate their liquidity to the new farming version.
For this, just unstake your LP tokens from the V1 and and restake them on the Farming V2 DApp.
Users will have a maximum of 5 days to migrate until the reward earning stops on the V1. The Farming V2 will be opened 5 days before so current users and any LPs could transfer or add liquidity without restrictions.
Once rewarding is halted on V1, the farming rewards would start off on the new version automatically.
Several new farming pools will be added gradually to the new DApp version, expect new farms like AXS/RGP and AXS/BUSD among the first.
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