Mar 11, 2022
Introducing RIFI Farming Vault
Dear Rificians,
To celebrate the launch of RIFI Lending Mainnet on February 24, 2022, we are thrilled to give you an introduction of our Farming Vault, which is planned to be released at 10AM UTC March 11, 2022, offering you an opportunity to maximize your profit.
Key Takeaways
- The Farming Vault will be available at 10AM UTC on March 11, 2022.
- You can stake RIFI to earn RIFI.
- NO LOCK: You can unstake at any time with a fixed 15% APY.
- NO VESTING at all.
How does it work?
The Farming Vault enables users to participate in the farming process by staking RIFI to earn RIFI. Rikkei Finance does not lock your deposits, which means you can unstake your tokens at any time with a fixed 15% APY, and there’ll be no vesting schedule.
By participating in the Farming Vault, users can now rest easy as they will boost their earnings effortlessly with the fixed 15% APY despite market fluctuations.
Tips & Tricks for Farming
Users are capable of maximizing their profit by making deposits in RIFI lending, then borrowing, and supplying. Do it in a cyclical process until you cannot borrow or supply as it reaches the borrow limit.
By borrowing/supplying in RIFI Lending, you are enabled to get your RIFI rewards. Use your rewards and stake them in the Farming Vault, then you’ll have a chance to receive more and more RIFI!
About Rikkei Finance
Rikkei Finance is a Metaverse DeFi Protocol, enabling a Safe and Secure Open Lending with core features: Cross-chain support, NFTs lending, 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.
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