Rabbit Finance is a Binance Smart Chain (BSC) based agricultural product protocol released by Rabbit Finance Lab. It supports users participating in liquidity farming through excess borrowing plus leverage to earn more income. When users have insufficient funds but want to participate in DeFi's liquidity farm, Rabbit Finance can provide up to 10X the leverage to help users earn maximum revenue per unit of time, and at the same time provide loan pool for users who prefer stable returns. to make a profit.
Strength & Vision
Alpaca Finance + Badger Finance + Algoritma StableCoin leveraged lending + Yield Farming + Mekanisme algoritma Rabbit Finance fully utilizes and adopts the advantages of projects in the market, using over-leveraged agricultural products with the advantages of Alpaca Finance and Badger Finance, creatively incorporating an algorithm-stable coin mechanism to empower the RABBIT token. Across the economic ecology of Rabbit Finance, the RABBIT token, endowed with more application scenarios, represents not only the governance rights and interests of the leveraged farming protocol, but also the rights and interests of token shareholders of the RUSD algorithm stable coin. Whenever the RUSD experiences inflation, members who pledge R tokens to the meeting room will distribute additional RUSD as dividends to share the benefits of ecological growth. Rabbit Finance believes that the leveraged yield farming platform will be the next killer app in the DeFi field after a decentralized exchange and lending platform. It also believes that algorithmically stable coins are the final Holy Grail in the DeFi field. 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 cost effective financial services to people of all social strata and groups who need financial services. Rabbit Finance is not a simple leveraged farming platform or an algorithmically stable coin system. It will be a decentralized and inclusive financial services infrastructure with sustainable hematopoiesis capabilities and based on blockchain technology. Compared to the same role as the Fed, what Rabbit Finance expects goes far beyond the role of the Fed in the world economy.
Strategy
Rabbit Finance employs successful strategies to achieve the highest possible yield for our farmers. We also want to make sure our users get the best experience when interacting with our platform. That's why we've simplified the leveraged farming process by automating a lot of things behind the scenes. Some of our key features for increasing usability are:
Flexible deposit options: our vault optimally converts your saved assets and your borrowed BNB or BUSD to get an equal share of value to supply the farm liquidity pool. So for example, for a CAKE / BNB pool, you can deposit any amount of CAKE and / or BNB to start farming without having to do the conversion yourself.
Auto-bet: our code bets LP tokens for you on the selected platform (PancakeSwap, etc.) automatically, so you can start earning prizes right away.
Sustainable compounding: bounty hunters monitor the amount of bounty earned in each batch and help all farmers reinvest them. Our smart contracts can sell your prizes (CAKE, etc.), turn them into LP tokens for the batch you grow, and incorporate them into your farming principles so you can get the most out of your APY.
Claim the RABBIT prize any time: by opening a leveraged farm position, you will get a bonus prize which can be claimed at any time on the betting page.
For the specific strategies of each farm group, please see the diagram below.
Take CAKE-BNB as an example to illustrate
Liquidation If your debt ratio exceeds the threshold (Kill Factor), your position will be liquidated. The value you receive back after liquidation will depend on the Kill Factor. Please refer to the table below for the estimate of Kill Factor - Pools Liquidation Bounty. Estimated value returned to farmers 80% CAKE-BNB 5% ~ 19% of debt value 83.3% BTCB-BNB 5% ~ 16% of ETH debt value -BNB BNB-BUSD BNB- USDT USDT-BUSD 96% DAI - BUSD 5% ~ 3.5% of USDC-BUSD debt value Example: Dunn opened a yield farming position with 2x leverage in the CAKE-BNB pool he supplied 10 BNBVault we lent his 10 BNB We then optimally exchanged his BNB into CAKE and earned LP tokens for him Currently, his position is ~ 20 BNB (in fact, it will be slightly lower because price impact of exchange and trading fees) Debt ratio ~ 50% Some time later… BNB's price appreciated significantly making Dunn's position less valuable in BNB term. This is because the LP pool will try to maintain the same value of the token pair, causing it to have more CAKE and less BNB in its position. Unfortunately, the price of BNB continues to appreciate so that its debt ratio has reached 80% (Kill Factor), and the liquidation bot calls a smart contract to close its position. Currently, the value of its position is approximately ~ 12.5 BNB10 BNB will be used to pay off the loan0,125 BNB (5% of the remaining 2.5 BNB) will be paid to the liquidator as a reward 2,375 BNB will be returned to the user To make this example easy to understand, please note that this example ignores the impact of agricultural yields and trading fees that will increase the value of Dunn's position. and make it a safer position. It also ignores the interest rate on the loan which will increase the value of the debt, making the debt ratio higher.
Parameter Global
Parameter - Value - Description The size of debts Minimum BNB - 2 BNB minimum number in BNB can borrow a user to open a leveraged position size of debt minimum BUSD - 400 BUSD minimum amount in BUSD that can be borrowed user to open a leveraged position size of the debt minimum USDT - 400 USDT Minimum amount in USDT that a user can borrow to open a leveraged position Minimum debt size of DAI - 400 DAI The minimum amount in DAI that a user can borrow to open a leveraged position Minimum debt size USDC - 400 USDC The minimum amount in USDC that a user can borrow to open a leveraged position CAKE minimum debt size - 30 CAKE Minimum amount in CAKE that a user can borrow to open a leveraged position Minimum debt size of BTCB - 0.01BTCB The minimum amount in BTCB that a user can borrow to open a leveraged position Minimum debt size ETH - 0.2ETH The minimum amount in ETH that a user can borrow to open leveraged position The rate of taking reserves for reserves - 20% A percent of the loan interest put into the pool of reserves. Half for buybacks and burns RABBIT Liquidation bonus - 5% Call clearing function to remove order Re-investment reward - 0.4% People who perform re-investment function to maximize user profit Interest = m * utilization + b
Parameters Pool The table below describes the specific parameters for each batch: Employment factor: Maximum debt ratio when opening positions. Killer factor: Maximum debt ratio, beyond which anyone can liquidate a position Platform - Pool - Work factor (leverage) - Pancake killer factor - CAKE-BNB: 60.00 ％ （2.5x） - 80.00 ％ pancakes - BTCB-wBNB: 66 , 67 ％ （3.0x） - 83.33 ％ pancakes - ETH-wBNB: 66.67 ％ （3.0x） - 83.33 ％ pancakes - BNB-BUSD: 66.67 ％ （3.0x） - 83 , 33 ％ pancakes - BNB-USDT: 66.67 ％ （3.0x） - 83.33 ％ pancakes - BUSD-USDT: 90.00 ％ （10x） - 96.00 ％ pancakes - BUSD-DAI: 90.00 ％ （ 10x） - 96.00 ％ pancakes - BUSD-USDC: 90.00 ％ （10x） - 96.00 ％ Employment factors and stopping factors can be adjusted from time to time to balance risk and reward for all users on the Finance platform. In addition, while the core developer will set initial values, the Governance community will be able to vote on changing these parameters in the future.
The RABBIT token is Rabbit Finance's governance token. This will also capture the economic benefits of the protocol. There will be a maximum of 200 million tokens R. What are the RABBIT tokens used for? 1. Governance Protocol We will soon launch a governance vault that will allow community members to stake their RABBIT tokens. RABBIT Stakers will receive xRABBIT where 1 xRABBIT = 1 vote, enabling them to decide on major governance decisions. In the initial phase, governance decisions will be made on the Snapshot. 2. Capture the Economic Benefits of the Platform Rabbit Finance Protocol users (depositors and borrowers, i.e. lenders and farmers) will be given RABBIT tokens for their deposit and loan behavior. The Rabbit Finance platform will prepare a buyback fund with its income, which will be used for deflation and appreciation of the RABBIT token. When the income is reinvested, 30% of it is used for the RABBIT buyback fund. 20% of the depositor's interest income is used as a market development fund. All of this will contribute to increased demand and growth in the value of RABBIT. 3. Get Economic Benefits from RUSD, RBTC, RBNB, etc. The RABBIT token is a shareholder rights token of the algorithm stable coins RUSD, RBTC, RBNB, etc. Whenever RUSD etc is experiencing inflation, members who pledge RABBIT tokens to the meeting room will distribute additional RUSD as dividends to share the benefits of ecological growth. For more details, please pay attention to our follow-up announcement.
What is the RABBIT token used for?
Protocol Governance
soon launched a governance vault that will allow community members to stake their RABBIT tokens. RABBIT Stakers will receive xRABBIT where 1 xRABBIT = 1 vote, enabling them to decide on major governance decisions. In the initial phase, governance decisions will be made on the Snapshot.
Capture the Economic Benefits of the Platform
Rabbit Finance Protocol users (depositors and borrowers, i.e. lenders and farmers) will be given RABBIT tokens for their deposit and loan behavior. The Rabbit Finance platform will prepare a buyback fund with its income, which will be used for deflation and appreciation of the RABBIT token. When the income is reinvested, 30% of it is used for the RABBIT buyback fund. 20% of depositors' interest income is used as market development funds. All of this will contribute to increased demand and growth in the value of RABBIT.
Get Economic Benefits from RUSD, RBTC, RBNB
The RABBIT token is a shareholder rights token of the algorithm stable coins RUSD, RBTC, RBNB, etc. Whenever RUSD etc is experiencing inflation, members who pledge RABBIT tokens to the meeting room will distribute additional RUSD as dividends to share the benefits of ecological growth. For more details, please pay attention to our follow-up announcement.
Community collection release program
The RABBIT token will be released over a two year period with a rotting emission schedule, and will be distributed evenly across the ecosystem as a community reward.
In total, there will be 159,500,000 RABBITS. In order to incentivize early adopters, there will be a bonus period for the first weeks. Below is our planned block reward schedule. Based on this, the profile of the circulating RABBIT supply can be plotted.
Allocation of Pools
Below is the allocation of points for each pool that determines the rewards distributed.
Bonus Period
Open the deposit safe & pancakeswap liquidity pool, emission level: 42 RABBIT / block. It lasted about a week.
Pools - RINGS / blocks
● Collection of Deposits ： ibBNB - 2.52 ● Collection of Deposits ： ibBUSD - 2.52 ● Collection of Deposits ： ibUSDT - 2.52 ● Collection of Deposits ： ibUSDC - 2.52 ● Collection of Deposits ： ibDAI - 2.52 ● Collection of Deposits ： ibBTCB - 2.52 ● Collection of Deposits ： ibETH - 2.52 ● Deposit Collection ： ibCAKE - 2.52 ● Pancakeswap RABBIT-BNB LP - 21.84
Officially Launched
When leveraged agriculture is officially launched, emission rate: 20 RABBIT / block (take this as an example).
Rabbit Finance fully utilizes and adopts the advantages of projects in the market, using over-leveraged agricultural products with the advantages of Alpaca Finance and Badger Finance, creatively incorporating an algorithm-stable coin mechanism to empower the RABBIT token. Across the economic ecology of Rabbit Finance, the RABBIT token, endowed with more application scenarios, represents not only the governance rights and interests of the leveraged farming protocol, but also the rights and interests of token shareholders of the RUSD algorithm stable coin.
Rabbit Finance can provide leverage of up to 10X to help users earn maximum income per unit time, and at the same time provide a pool of loans for users who prefer stable returns to make a profit.
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