What is Rikkei Finance

Rikkei Finance ($RIFI) is the optimum, scalable, and user-friendly lending solution. Rikkei Finance is a comprehensive financial platform with exceptional efficiency and performance. RiFi strengthens the Defi loan ecosystem with its core technology built on diversity, sustainability, interoperability, and a community-centered approach.

The following characteristics distinguish Rikkei Finance:

Cross-chain technology opens up new avenues for asset lending and collateralization.

The market and investors gain greatly from the unique "double-threshold" lending interest rate concept.

Taking NFT to new heights: NFT as a pledgeable and borrowable asset

The first-ever lending-insurance combination to secure the safety of the lender

What's the deal with Rikkei Finance?

1 You Can Have Any Collateral You Want: Whether it's a cryptocurrency, a stablecoin, or an NFT, this is a diversified place for any collateral.

2 There are no restrictions: Wrapped tokens are used to facilitate cross-chain transactions.

3 Effective Interest Rate Model: This interest rate model considers the cost of financing in low-utilization times and the cost of capital in high-utilization times.

4 The First-Ever Liquidation Coverage: Customers may purchase liquidation coverage for their vaults for the first time, ensuring their personal safety.

Tokenomics

Token Symbol: RiFi
Total Supply: 500,000,000
Hardcap: $5,850,000.00
Strategic Sale: $1,200,000.00
Private Sale: $4,400,000.00
Public Sale: $250,000.00
Initial Market Cap: $1,450,000.00
Initial Circulating Supply: 14,500,000

Long-term viability

From the beginning, the RiFi team had a clear objective of creating a lending protocol that prioritized sustainability. Indeed, the BSC has lately been the victim of several assaults of varying magnitude aimed at various Defi protocols. They make use of a variety of protocol flaws, including:

✩ Bugs in the source code
✩ Manipulating the token price
✩ A lousy risk management control model

Rikkei Finance uses a variety of techniques to make financing simple and safe at every level.

Rikkei Finance employs a multi-kinked interest rate system rather than the traditional linear interest rate model. The multi-kinked model's strength is that it can withstand the stress of a high usage rate (Ut). At that time, borrowing demand skyrockets, and all customers take out the maximum amount of credit.

Interoperability

The creators of Rikkei Finance were laser-focused on establishing a core product — the loan system — rather than a huge ecosystem with no high-quality goods. Consequently, RiFi is built to be readily linked into a variety of systems, including financial management platforms such as cold wallets and the gnosis safe, as well as NFTs marketplace systems and insurance protocols.

Diversity

Rikkei Finance will strive to advance and lead the way in supporting various forms of collateral, including token-based collateral, BSC assets, multi-chain assets, and, most notably, NFTs and LP tokens.

In terms of NFT, Rikkei Finance will collaborate with other top-tier NFT markets to provide Peer-to-Peer NFT lending, enabling RiFi to use its current user base without spending time on client education. In addition, this peer-to-peer NFT lending mechanism also reduces the protocol's hazards, particularly when a group of users may easily influence the price of NFT.

Centered on the community

RiFi is a user-centric, secure solution that allows users to get the most out of their participation in our protocol.

In times of low utilization, RiFi's multi-kinked interest rate model reduces borrowing costs by lowering interest rates to encourage borrowing while preserving liquidity and providing incentives in the form of token rewards.

Rikkei Finance will also work closely with the insurance protocol to provide our customers with the first-ever liquidation coverage, safeguarding them against smart contract attacks and asset liquidation.

Overall, Rikkei Finance is a ground-breaking DeFi platform, with a revolutionary Open Lending System at its core: cross-chain support, NFTs collateralization, and peer-to-peer insurance.