Stake $RIFI to earn $TITA in the RIFI Farming Vault
Dear honored Rificians,
As announced in the collaboration with Titan Hunters, we will bring to the community a special event to celebrate our strategic partnership. Today, Rikkei Finance is more than excited to inform all of our beloved Rificians that by engaging in the RIFI-TITA Farming Vault, available at https://apps.rikkei.finance/vault/tita on December 20, 2021. This is one of the first vaults we will launch on our development journey. Keep an eye out for more soon-to-be-released vaults.
- RIFI-TITA Farming Vault will go live at 10AM UTC on December 20, 2021 at https://apps.rikkei.finance/vault/tita.
- For the RIFI-TITA Farming Vault, you can stake $RIFI to earn $TITA on BSC.
- The amount of rewarded TITA one can get will be in direct proportion to the amount of RIFI that participants stake.
- The rewards will be subject to the standard 1-month vesting period when harvested.
- NO LOCK period: You can unstake RIFI at any time without any withdrawal delay time.
- Participants will be protected from market fluctuations and have the opportunities to broaden their investment portfolios.
How does it work?
Rikkei Finance is thrilled to announce that our RIFI Farming Vault will be available for y’all to make your own investment at 10AM UTC on December 20, 2021 at https://apps.rikkei.finance/vault/tita.
You can be involved in the vault by staking $RIFI to earn $TITA on Binance Smart Chain. Everybody participating in the vault will share a certain amount of TITA as rewards block by block. Therefore, the amount of rewarded TITA one can get will be in direct proportion to the amount of RIFI that participants stake and will increase by the time they stake.
For example, the total fixed rewards for each block is 1000 TITA. If only one person joins the vault, that person will receive the entire 1000 TITA. However, if you stake 100 RIFI and another stakes 300 RIFI, which means your RIFI in the vault accounts for 25% of the total 400 RIFI staked, you will be rewarded with 25% of the reward pool, which is 250 TITA, while the other will be able to claim 750 TITA.
The amount of TITA distributed to one will be shown in the “Pending TITA” section. Users are able to unlock their rewards at any time. Do note that the TITA rewarded will be subject to the standard 1-month vesting period when harvested. Vested TITA will then be displayed in the “Claimable TITA” section for users to claim or withdraw to their e-wallet whenever they want.
Example: Jay harvests 1000 TITA but will only receive 33.33 vested TITA [1000 / 30] every day. These 33.33 TITA tokens can be withdrawn, sold or transferred to another wallet should Jay desire it.
There’ll be no lock period, meaning the vault will enable users to unstake RIFI at any time without withdrawal delay time.
How can you benefit?
1. Protection against fluctuations in the market
In the event of a bear market where investors begin to pull funds out of the vault and sell their rewards, the APR skyrockets due to the rewards doling out a fixed number of TITA each block to participants of the vault. Therefore, the lower the number of investors stake in the vault, the larger the proportion of the TITA earned by investors participating.
2. Broaden your investment portfolios
With this stake-RIFI-earn-TITA function, anyone participating in the vault will seize the chance to diversify their assets. They will not only possess $RIFI but also be able to own $TITA, and that is how liquidity providers diversify their investment portfolios.
Are you ready to vary yours???
Save the date: 20 December 2021 at 10AM UTC for the Farming Vault to go live!
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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