What is Rabbit Finance?
Rabbit Finance is a leverage yield farming protocol built on the Binance Smart Chain. It allows yield farmers to earn a higher returns by opening a leverage position.
Rabbit Finance is a leveraged yield farming protocol based on 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.
What is RABBIT Token?
RABBIT token is a governance token of the Rabbit Finance platform. It will also capture economic benefits of the platform. There will be a maximum of 200 million RABBIT tokens.
What is the RABBIT token used for?
Protocol Governance
soon launch a governance vault that will allow community members to stake their RABBIT tokens. The RABBIT staker will receive xRABBIT where 1 xRABBIT = 1 vote, allowing them to decide on key governance decisionsIn the initial phase, governance decisions will be made on Snapshot.
Capture Economic Benefits of the Platform
Users of Rabbit Finance Protocol (depositors and borrowers, i.e. lenders and farmers) will be rewarded with RABBIT token for their deposit and borrow behaviors. Rabbit Finance platform will set up a buyback fund with its income, which will be used for deflation and appreciation of RABBIT token. When earnings is reinvested, 30% of that is used to RABBIT repurchase fund. The 20% of the depositor’s interest income is used as market development fund. All of these will contribute to RABBIT's demand increase and value growth.
Capture Economic Benefits of the RUSD, RBTC, RBNB
RABBIT token is the shareholders' rights token of algorithm stable coin of RUSD, RBTC, RBNB etc. Whenever RUSD etc. is inflationary, the members who pledge RABBIT token to the boardroom will share the additional RUSD as dividends to share the benefits of ecological growth. For more details, please pay attention to our follow-up announcement.
Strengths & Vision
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, the 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 an 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.
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 a 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
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.
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