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

Rikkei.Finance is a revolutionary DeFi platform, whose heart is a unique open lending system: 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 currency markets with the following key features:

  • Take advantage of high speed and low transaction costs by leveraging fast blockchains
  • Borrow cryptocurrencies, stablecoins, and NFTs without having to negotiate terms such as maturity, interest rate, or collateral with a peer or counterparty.
  • Provide cryptocurrencies, stablecoins and NFTs and earn an interest rate as well as reward tokens for providing liquidity to the protocol which is 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 that run on any blockchain network and expose them at the same rate by turning them into a real-time exchange network.

  • Channel compatibility
  • Collateralization of NFTs
  • Settlement 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, current platforms are not yet ready to meet market needs. The main vulnerabilities that exist in 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 short-term borrowing costs as well as long-term capital costs.
  • Currently, the types of collateral supported in lending systems are extremely limited to blockchain-based stablecoins and tokens.
  • In today’s blockchain ecosystem, users can have their assets liquidated at any time, with no insurance available to prevent this.

Rikkei Finance will initially prioritize troubleshooting in 4 key areas: Cross-Chain, Interest Rate Model, Asset Guarantee and Settlement Insurance (Settlement Cover).

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

Sports and leisure center

RIFI United is a metaverse NFT soccer game where you can satisfy your passion for soccer field and earn lots of money by becoming the manager of a soccer club, owning fields, players, staff, stadium and many different items from legendary NFTs. RU is the premier product in the Rikkei Finance ecosystem and its top priority is building a healthy community and enabling NFT lending capabilities 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 stake LP tokens and earn rewards with GREAT APY. It aims to increase TVL, LP token price and RIFI price forward.
  • NFT Farming allows users to bet NFT and earn APY. No blocking period. The earlier you bet, the higher APY you will get.
  • Boost Farming offers a special APY for dual RIFI and NFT staking.

All farm chests are audited and ready to unlock.

NFT Market

RiWorkName

Market Analysis was created to ensure the transparency of the Rikkei Finance Lending Protocol asset selection process, as well as the long-term viability of the system. Before being officially included in the loan pool, assets will be screened and ranked against various liquidity metrics, then analyzed and sent to the polling station. Token Index aims to keep the community up to date with all the latest news and information on major coins.

Governance, DAO and Loans

  • Rikkei Finance DAO: RIFI holders can become members of Rikkei Finance DAO to vote on project policy.
  • Rikkei Finance Lending Protocol – A safe and secure open lending system, solving 4 major flaws 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 ability to borrow and borrow any digital asset, regardless of its blockchain.

Effective interest rate model

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

A variety of warranty types

Collateral types supported by contemporary lending systems are primarily stablecoins and blockchain-based tokens. But the types of guarantees supported by the Rikkei Finance platform are not limited. Based on its 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 to other users using their non-fungible tokens.

Settlement coverage

In the blockchain ecosystem, insurance is mostly limited to the coverage of smart contracts. Users are vulnerable to asset liquidation at any time without liquidation coverage to protect them. Rikkei Finance encourages worry-free user experiences by allowing users to purchase settlement coverage 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 premiums.
  • Propose, debate and vote on governance 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 put their digital assets into the lending pool for borrowers to use, liquidity providers will be rewarded with RIFI tokens.

Where to buy the RIFI token?

The RIFI token can be purchased on several major cryptocurrency exchanges, among the most important of which are Huobi Global and Pancake Exchange (V2).

Conclusion

HAS 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, credit and even insurance. PortalCripto hopes the article brought the necessary information about the Rikkei Finance project.

* PortalCripto values ​​the quality of the information and attests to the verification of all the content produced by its team, emphasizing however that it does not make any type of investment recommendation, not being responsible for losses, damages (direct, indirect and accessories ), costs and loss of profit.

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


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