Aryasatya Radhitya: Rabbit Finance

Rabbit Finance

Introduction
Rabbit Finance is a leveraged yield farming protocol based Binance Smart Chain (BSC) 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 insufficient funds but wants to participate in DeFi liquidity farming, Rabbit Finance can provide up to 10X the leverage to help users obtain the maximum revenue per unit time, and at the same time provide a borrowing pool for users who prefer stable returns to earn profits.

Strengths & Vision
Alpaca Finance + Badger Finance + Algorithm StableCoin
leveraged lending + Yield Farming + Algorithm mechanism

Rabbit Finance fully draws on and adopts the advantages of the projects in the market, uses the over leveraged yield farming products with the advantages of Alpaca Finance and Badger Finance, creatively combines the mechanism of algorithm stable coin to empower the RABBIT token. In the whole economic ecology of Rabbit Finance, RABBIT token, which is endowed with more application scenarios, not only represents the governance rights and interests of the leveraged yield farming protocol, but also the shareholders' rights and interests token of algorithm stable coin of RUSD. Whenever RUSD is inflationary, the members who pledge R token to the boardroom will share the additional RUSD as dividends to share the benefits of ecological growth.

Rabbit Finance believes that the levered yield farming platform will be the next killer application in the field of DeFi after the decentralized exchange and lending platform. It also believes that algorithm stable coin is the last Holy Grail in the field of DeFi. They are and will be the most important infrastructure in the DeFi world.

Rabbit Finance's vision is to become the Federal Reserve of the DeFi world, based on the principles of equal opportunity and commercial sustainability, and to provide appropriate and effective financial services at affordable cost for people of all social strata and groups who need financial services. Rabbit Finance is not a simple leveraged yield farming platform or algorithmic stable coin system. It will be a decentralized and inclusive financial services infrastructure with the ability of continuous hematopoiesis and based on blockchain technology. Compared to being the same role as the Fed, what Rabbit Finance expects goes well beyond The Fed's role in the world economy.

As a user, you can participate in Rabbit Finance in four different ways:

Lender:

Rabbit Finance allows you to earn income on your base assets by depositing them into our vaults. These assets will then be offered to yield farmers for leveraging up their positions.
Farmer:

As a farmer, you can earn a higher yield by opening a leveraged position on Rabbit Finance. Of course, this comes with bigger risks: liquidation, impermanent loss, etc.
Liquidator:

Monitoring the pool for underwater positions and liquidating them when they become too risky.
Bounty Hunter:

The bounty hunter pitches on the pool and executes the reinvestment, the 30% of the bounty of the pool is used as buyback funds to promote the value of the token.For this service, he takes 0.4% of the bounty pool as a reward, the remaining 69.6% will be converted into LP of the pool and pledged again to obtain compounding returns.

At launch, we will support two base assets BNB and BUSD , and integrate our leveraged farming with PancakeSwap.

In this example below, we show how each participant works together in our ecosystem:
Cora, the lender deposits his BNB into our deposit vault; his asset becomes available for a yield farmer to borrow; he earns interest for providing this liquidity.
Dunn, the yield farmer wants to open a leveraged yield farming position on the BTC/BNB pair; he borrows BNB from the vault and enjoys higher yield farming rewards.
Rabbit Finance's smart contract takes care of all the mechanics behind the scenes — optimally switching assets to the right ratio, providing liquidity to the pool, and staking LP for Pancake Rewards
Gary, the liquidator monitors the health of each leveraged position, and when it goes beyond designated parameters, she helps liquidate the position, making sure lenders such as do not lose their capital. For this service, she takes a 5% reward from the liquidated position.
James the bounty hunter monitors the amount of rewards accrued in each pool and helps reinvest it back, compounding returns for all farmers. For this service, he takes 0.4% of the reward pool as a reward. 30% as buyback fund, which will be used for RABBIT' buyback and deflation. The remaining 69.6% will be converted into LP of the pool and pledged again to obtain compounding returns.

Strategies

Rabbit Finance deploys strategies that work to achieve the highest possible yields for our farmers. We also want to make sure our users have the best experience when interacting with our platform. That’s why we’ve simplified the leveraged farming process by automating many things behind the scenes.

Some of our key features for enhancing usability are:

Flexible deposit options:

our vault optimally converts your deposited assets and the borrowed BNB or BUSD to get an equal value-split to supply the farming liquidity pool. So for example, for the CAKE/BNB pool, you can deposit any amount of CAKE and/or BNB to start farming without having to do the conversions yourself.
Automatic staking:

our code stakes the LP tokens for you on the chosen platform(PancakeSwap, etc. ) automatically, so you can start earning rewards right away.
Continuous compounding:

the bounty hunter monitors the amount of rewards accrued in each pool and helps all farmers reinvest it. Our smart contract can sell your rewards(CAKE, etc.), converts them into the LP tokens for the pool you are farming, and compounds them onto your farming principal so you can maximize your APY.
Claim RABBIT rewards anytime:

by opening a leveraged yield farming position, you'll earn bonus rewards that you can claim anytime on the stake page.

Liquidation

In the event that your debt ratio has gone above the threshold (Kill Factor), your position will be liquidated.
The value you receive back after liquidation will depends on the Kill Factor. Please refers to the table below for an estimate

RABBIT distribution

Community Pool
79.75% of total supply，about 159,500,000 RABBIT.
RABBIT will be released over two years with a decaying emissions schedule, and will be evenly distributed to the entire ecosystem as a community reward.

Institutional Pool
5.25% of total supply，10,500,000 RABBIT
Provide 5.25% investment quota for well-known institutions and investors. After the completion of the investment, 245,000 RABBIT will be released every 7 days, and 10,500,000 RABBIT will be released within 300 days (about 10 months). Specific time to be determined, please pay attention to the follow-up announcement.

Hard cap：10,500,000 RABBIT = 525,000 USDT
Exchange ratio: 1 RABBIT= 0.05 USDT

Development Fund
10% of total supply，about 20,000,000 RABBIT
10% of the distributed tokens will go towards funding development and expanding the team, and will be subject to the same two-year vesting as the tokens from the Fair Launch Distribution.

Warchest Fund
5% of total supply，about 10,000,000 RABBIT.
5% of the distributed tokens is reserved for future strategic expenses. In the first month, 250,000 tokens were released for listing fees, auditing, third-party services, and liquidity of partners.

Community pool release program
RABBIT token will be released over two years with a decaying emissions schedule, and will be evenly distributed to the entire ecosystem as a community reward.
In total, there will be 159,500,000 RABBIT. To incentivize early adopters, there will be a bonus period for the first weeks. Below is our planned block reward schedule. Based on it, the circulating supply profile of RABBIT can be plotted.

Aryasatya Radhitya

Senin, 12 April 2021

Rabbit Finance

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