What is Rikkei Finance coin (RIFI), Game NFT, DeFi and multi-chain metaverse?

Rikkei.Finance is a revolutionary DeFi platform, with a unique open lending system at its heart: cross-chain support, NFT collateral and P2P insurance. Read on to learn more about the Rikkei Finance project.

What is Rikkei Finance (RIFI)?

Rikkei Finance is a multi-chain protocol that establishes foreign exchange markets with the following main features:

  • Benefit from high speed and low transaction costs by using fast blockchains
  • Borrow cryptocurrencies, stablecoins and NFTs without negotiating terms such as maturity, interest rate or collateral with a peer or counterparty.
  • Provide cryptocurrencies, stablecoins and NFTs and earn an interest rate and reward tokens for providing liquidity to the protocol backed by over-collateralized assets.
  • Controlled by a governance token – RIFI token.

Rikkei Finance is a revolutionary DeFi platform with the open lending system at its core. Cross-Chain Support, NFT Guarantee and Settlement Insurance. It uses blockchain technology that enables cross-chain integration, can accept digital assets running on any blockchain network and expose them at the same pace by turning them into a real-time exchange network.

  • Channel Compatibility
  • Collateral of NFTs
  • Coverage Coverage.

How does Rikkei Finance (RIFI) work?

The financial lending market for cryptocurrencies and digital assets has developed into a robust ecosystem of investors, speculators and traders trading thousands of assets. However, the current platforms are not yet ready to meet the market needs. The main vulnerabilities on these platforms are:

  • This protocol supports limited single-chain transactions. Users cannot use their ETH to participate in the Binance ecosystem and vice versa.
  • Existing interest rate models are not efficient enough to optimize both short-term borrowing costs and long-term capital costs.
  • Currently, the types of collateral supported in lending systems are extremely limited to blockchain-based stablecoins and tokens.
  • In the current blockchain ecosystem, users can have their assets liquidated at any time, with no insurance available to prevent this.

Rikkei Finance will initially prioritize problem solving in 4 key areas: cross-chain, interest rate model, asset guarantee and settlement insurance (settlement coverage).

  • Cross-chainupport: Rikkei Finance allows users to borrow and borrow any digital asset, regardless of the blockchain, using encapsulated tokens.
  • Interest rate model: Rikkei Finance’s interest rate model addresses two main points: one to make borrowing cheaper during periods of low consumption and another to increase liquidity by providing incentives during periods of heavy use.
  • Asset Collateral: Unlimited collateral types are supported on the Rikkei Finance platform. Users are free to decide which objects can be used as collateral based on the object classification system.
  • Liquidation Coverage: Rikkei Finance allows participants to purchase insurance to protect their assets against liquidation.

Sports and leisure center

RIFI United is a metaverse NFT football game where you can satisfy your passion for football field and earn a lot of money by becoming a manager of a football club, fields, players, staff, stadium and own many different items of legendary NFTs. RU is the most important product in the Rikkei Finance ecosystem and its top priority is to build a healthy community and enable NFT lending opportunities for the Rikkei Finance Lending Protocol.

Agricultural area

A variety of investment methods are available to our users, including LP Farming, NFT Farming, and Boost Farming.

  • LP Farming allows users to wager LP tokens and earn rewards with GREAT APY. It aims to push the TVL, LP token price and RIFI price forward.
  • NFT Farming allows users to wager NFT and earn APY. No blocking period. The sooner you bet, the higher the APY you get.
  • Boost Farming offers a special APY for double RIFI and NFT staking.

All farm chests are checked and ready to unlock.

NFT market

RiWorkName

Market analysis was made to ensure the transparency of the Rikkei Finance Lending Protocol’s asset selection process and the long-term viability of the system. Before being officially included in the loan pool, assets are screened and ranked based on various liquidity metrics, then analyzed and sent to the polling station. Token Index aims to keep the community updated with the latest news and information about major coins.

Board, DAO and loans

  • Rikkei Finance DAO: RIFI holders can join Rikkei Finance DAO to vote on project policy.
  • Rikkei Finance Lending Protocol – A safe and secure open lending system that solves 4 major shortcomings of the current lending protocol.

cross chain support

Current lending protocols offer limited support for single-chain transactions involving multiple crypto-assets based on separate blockchains. Rikkei Finance uses wrapper tokens to enable unlimited cross-chain transactions. Users have the option to borrow and borrow any digital asset, regardless of the blockchain.

Effective interest rate model

Current interest rate models are inefficient, making borrowing more expensive in times of low credit demand. Rikkei Finance has implemented a new interest rate model. Our interest rate model takes into account the cost of financing in periods of low utilization as well as the cost of capital in periods of high utilization, providing many benefits to the market and investors.

A variety of warranty types

Collateral types supported by today’s lending systems are mainly stablecoins and blockchain-based tokens. But the types of guarantees supported by the Rikkei Finance platform are not limited. Based on the asset rating system, users can choose which assets can be used as collateral. In addition to stablecoins and blockchain-based tokens, users can use their NFT assets as collateral for a loan or lend it to other users using their non-fungible tokens.

Coverage scheme

In the blockchain ecosystem, insurance is usually limited to smart contract coverage. Users are vulnerable to liquidation of assets at any time without liquidation cover to protect them. Rikkei Finance promotes worry-free user experiences by enabling users to purchase cover for their vaults.

RIFI token

The RIFI token plays an important role in the functioning of the Rikkei Finance ecosystem. The maximum supply is 500,000,000 RIFI tokens. The currency is used for:

  • Use it to pay all platform fees and bounties.
  • Propose, debate and vote on board proposals to define features or parameters of the Rikkei Finance platform, as well as protocol improvements.
  • Rewards to motivate users (lenders) to act as liquidity providers and place their digital assets in the lending pool for borrowers to use, liquidity providers will be rewarded with RIFI tokens.

Where can I buy the RIFI token?

The RIFI token can be purchased on several major cryptocurrency exchanges, including Huobi Global and Pancake Exchange (V2).

Conclusion

A Rikkei Finances is a Vietnamese DeFi company led by a group of industry experts that is developing a blockchain lending platform. They take advantage of decentralized technology to reinvent classic concepts such as lending, lending and even insurance. PortalCripto hopes the article provided the necessary information about the Rikkei Finance project.

* PortalCripto appreciates the quality of the information and attests to the verification of all the content produced by its team, but emphasizes that it does not make any investment recommendation and is not responsible for losses, damages (direct, indirect and accessories ), costs and loss of profit.

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