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Rikkei.Finance is a revolutionary DeFi platform, with the core is a unique Open Lending System: Cross-chain support, NFTs collateralization, and liquidation coverage. It utilizes blockchain tech that enables cross-chain integration, meaning it can accept digital assets that operate on any blockchain network and render it at an equivalent rate, making them a real-time currency exchange network.
Rikkei Finance establishes money markets with the following key features: − Borrow cryptocurrencies, stablecoins and NFTs without having to negotiate terms such as maturity, interest rate, or collateral with a peer or counterparty. − Supply cryptocurrencies, stablecoins and NFTs and earn an interest rate as well as reward tokens for providing liquidity to the protocol that is secured by over-collateralized assets. − Cross-chain transactions by using wrapped tokens. − Apply Multi-kinked interest rate model which takes into account the cost of borrowing in periods of low utilization rate as well as the cost of capital in periods of high utilization rate. − Allow users to buy coverage for liquidation in their vaults. − Controlled by the governance token - RIFI Token.
referencePosted on 15 Oct 2024, this text provides information on Miscellaneous in Cryptocurrency related to Cryptocurrency. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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