Rabbit Finance

Rabbit Finance is a mining super profit protocol that supports 10x leverage

Rabbit Finance is a Binance Smart Chain (BSC) based agricultural product protocol released by Rabbit Finance Lab. It supports users participating in liquidity farming through excess borrowing plus leverage to earn more income.
When users have insufficient funds but want to participate in DeFi's liquidity farm, Rabbit Finance can provide up to 10X the leverage to help users earn maximum revenue per unit of time, and at the same time provide loan pool for users who prefer stable returns. to make a profit.

Strength & Vision

Alpaca Finance + Badger Finance + Algoritma StableCoin
leveraged lending + Yield Farming + Mekanisme algoritma
Rabbit Finance fully exploits and adopts the advantages of projects in the market, using over-leveraged agricultural products with the advantages of Alpaca Finance and Badger Finance, creatively incorporating an algorithm-stable coin mechanism to empower the RABBIT token. Across the economic ecology of Rabbit Finance, the RABBIT token, endowed with more application scenarios, represents not only the governance rights and interests of the leveraged farming protocol, but also the rights and interests of token shareholders of the RUSD algorithm stable coin. Whenever the RUSD experiences inflation, members who pledge R tokens to the meeting room will distribute additional RUSD as dividends to share the benefits of ecological growth.
Rabbit Finance believes that the leveraged yield farming platform will be the next killer app in the DeFi field after a decentralized exchange and lending platform. It also believes that algorithmically stable coins are the final Holy Grail in the DeFi field. 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 cost effective financial services to people of all social strata and groups who need financial services. Rabbit Finance is not a simple leveraged farming platform or an algorithmically stable coin system. It will be a decentralized and inclusive financial services infrastructure with sustainable hematopoiesis capabilities and based on blockchain technology. Compared to the same role as the Fed, what Rabbit Finance expects goes far beyond the role of the Fed in the world economy.

Strategy

Rabbit Finance employs successful strategies to achieve the highest possible yield for our farmers. We also want to make sure our users get the best experience when interacting with our platform. That's why we've simplified the leveraged farming process by automating a lot of things behind the scenes. Some of our key features for increasing usability are:

• Flexible deposit options: our vault optimally converts your saved assets and your borrowed BNB or BUSD to get an equal share of value to supply the farm liquidity pool. So for example, for a CAKE / BNB pool, you can deposit any amount of CAKE and / or BNB to start farming without having to do the conversion yourself.
• Auto-bet: our code bets LP tokens for you on the selected platform (PancakeSwap, etc.) automatically, so you can start earning prizes right away.
• Sustainable compounding: bounty hunters monitor the amount of bounty earned in each batch and help all farmers reinvest them. Our smart contracts can sell your prizes (CAKE, etc.), turn them into LP tokens for the batch you grow, and incorporate them into your farming principles so you can get the most out of your APY.
• Claim the RABBIT prize at any time: by opening a leveraged farm position, you will get a bonus prize which can be claimed at any time on the betting page.
• For the specific strategies of each farm group, please see the diagram below.

Take CAKE-BNB as an example to illustrate

Liquidation
If your debt ratio exceeds the threshold (Kill Factor), your position will be liquidated.
The value you receive back after liquidation will depend on the Kill Factor. Please refer to the table below for the estimate of
Kill Factor - Pools Liquidation Bounty. Estimated value returned to farmers
80% CAKE-BNB 5% ~ 19% of debt value
83.3% BTCB-BNB 5% ~ 16% of
ETH debt value -BNB
BNB-BUSD
BNB-
USDT USDT-BUSD
96% DAI - BUSD 5% ~ 3.5% of
USDC-BUSD debt value
Example:
Dunn opened a yield farming position with 2x leverage in the CAKE-BNB pool he supplied 10 BNBVault we lent his 10 BNB We then optimally exchanged his BNB into CAKE and earned LP tokens for him
Currently, his position is ~ 20 BNB (in fact, it will be slightly lower because price impact of exchange and trading fees) Debt ratio ~ 50% Some time later…
BNB's price appreciated significantly making Dunn's position less valuable in BNB term. This is because the LP pool will try to maintain the same value of the token pair, causing it to have more CAKE and less BNB in ​​its position.
Unfortunately, the price of BNB continues to appreciate so that its debt ratio has reached 80% (Kill Factor), and the liquidation bot calls a smart contract to close its position. Currently, the value of its position is approximately ~ 12.5 BNB10 BNB will be used to pay off the loan0,125 BNB (5% of the remaining 2.5 BNB) will be paid to the liquidator as a reward 2,375 BNB will be returned to the user
To make this example easy to understand, please note that this example ignores the impact of agricultural yields and trading fees that will increase the value of Dunn's position and make it a safer position. It also ignores the interest rate on the loan which will increase the value of the debt, making the debt ratio higher.

Parameter Global

Parameter - Value - Description
The size of debts Minimum BNB - 2 BNB
minimum number in BNB can borrow a user to open a leveraged position
size of debt minimum BUSD - 400 BUSD
minimum amount in BUSD that can be borrowed user to open a leveraged position
size of the debt minimum USDT - 400 USDT
Minimum amount in USDT that a user can borrow to open a leveraged position
Minimum debt size DAI - 400 DAI
The minimum amount in DAI that a user can borrow to open a leveraged position
Minimum debt size USDC - 400 USDC
The minimum amount in USDC that a user can borrow to open a leveraged position
CAKE minimum debt size - 30 CAKE
Minimum amount in CAKE that a user can borrow to open a leveraged position
Minimum debt size of BTCB - 0.01BTCB
The minimum amount in BTCB that a user can borrow to open a leveraged position
Minimum debt size ETH - 0.2ETH
The minimum amount in ETH that a user can borrow to open leveraged position
Reserve level taking - 20% A
percent of the loan interest put into the reserve pool. Half for buybacks and burns RABBIT
Liquidation bonus - 5%
Call clearing function to remove order
Re-investment reward - 0.4%
People who perform re-investment function to maximize user profit Interest = m * utilization + b

Parameters Pool The
table below describes the specific parameters for each batch:
Employment factor: Maximum debt ratio when opening positions.
Killer factor: Maximum debt ratio, beyond which anyone can liquidate a position Platform - Pool - Work factor (leverage) -
Pancake killer factor - CAKE-BNB: 60.00 ％ （2.5x） - 80.00 ％ pancakes - BTCB-wBNB: 66 , 67 ％ （3.0x） - 83.33 ％ pancakes - ETH-wBNB: 66.67 ％ （3.0x） - 83.33 ％ pancakes - BNB-BUSD: 66.67 ％ （3.0x） - 83 , 33 ％ pancakes - BNB-USDT: 66.67 ％ （3.0x） - 83.33 ％ pancakes - BUSD-USDT: 90.00 ％ （10x） - 96.00 ％ pancakes - BUSD-DAI: 90.00 ％ （ 10x） - 96.00 ％ pancakes - BUSD-USDC: 90.00 ％ （10x） - 96.00 ％
Employment factors and stopping factors can be adjusted from time to time to balance risk and reward for all users on the Finance platform. In addition, while the core developer will set initial values, the Governance community will be able to vote on changing these parameters in the future.

Pool address

Pancake ： CAKE-wBNBPancake ： BTCB-wBNBPancake ： ETH- wBNBPancake ： BNB- BUSDPancake ： BNB -USDTPancake ： USDT-BUSDPancake ： DAI-BUSDPancake ： USDC -BUSD

What are RABBIT tokens?

The RABBIT token is Rabbit Finance's governance token. This will also capture the economic benefits of the protocol. There will be a maximum of 200 million tokens R. What are the RABBIT tokens used for?
1. Governance Protocol
We will soon launch a governance vault that will allow community members to stake their RABBIT tokens. RABBIT Stakers will receive xRABBIT where 1 xRABBIT = 1 vote, enabling them to decide on major governance decisions. In the initial phase, governance decisions will be made on the Snapshot.
2. Capture the Economic Benefits of the Platform
Rabbit Finance Protocol users (depositors and borrowers, i.e. lenders and farmers) will be given RABBIT tokens for their deposit and loan behavior. The Rabbit Finance platform will prepare a buyback fund with its income, which will be used for deflation and appreciation of the RABBIT token. When the income is reinvested, 30% of it is used for the RABBIT buyback fund. 20% of the depositor's interest income is used as a market development fund. All of this will contribute to increased demand and growth in the value of RABBIT.
3. Get Economic Benefits from RUSD, RBTC, RBNB, etc.
The RABBIT token is a shareholder rights token of the algorithm stable coins RUSD, RBTC, RBNB, etc. Whenever RUSD etc is experiencing inflation, members who pledge RABBIT tokens to the meeting room will distribute additional RUSD as dividends to share the benefits of ecological growth. For more details, please pay attention to our follow-up announcement.

What is the RABBIT token used for?

Protocol Governance

soon launched a governance vault that will allow community members to stake their RABBIT tokens. RABBIT Stakers will receive xRABBIT where 1 xRABBIT = 1 vote, enabling them to decide on major governance decisions. In the initial phase, governance decisions will be made on the Snapshot.

Capture the Economic Benefits of the Platform

Rabbit Finance Protocol users (depositors and borrowers, i.e. lenders and farmers) will be given RABBIT tokens for their deposit and loan behavior. The Rabbit Finance platform will prepare a buyback fund with its income, which will be used for deflation and appreciation of the RABBIT token. When the income is reinvested, 30% of it is used for the RABBIT buyback fund. 20% of the depositor's interest income is used as a market development fund. All of this will contribute to increased demand and growth in the value of RABBIT.

Get Economic Benefits from RUSD, RBTC, RBNB

The RABBIT token is a shareholder rights token of the algorithm stable coins RUSD, RBTC, RBNB, etc. Whenever RUSD etc is experiencing inflation, members who pledge RABBIT tokens to the meeting room will distribute additional RUSD as dividends to share the benefits of ecological growth. For more details, please pay attention to our follow-up announcement.

RABBIT distribution

1. Community pool
79.75% of the total supply, about 159.5 million RABBITS.
RABBIT will be released over two years on a rotting emissions schedule, and will be distributed evenly throughout the ecosystem as a community reward.
2. Institutional Base
5.25% of the total supply, 10,500,000 KELINCI
Provide investment quota of 5.25% for well-known institutions and investors. After the investment is complete, 245,000 RABBIT will be released every 7 days, and 10,500,000 RABBIT will be released within 300 days (about 10 months). The specific time to be determined, please pay attention to the follow-up announcements.
Hard hat: 10,500,000 RABBIT = 525,000 USD Exchange ratio: 1 RABBIT = 0.05 USDT
3. Development Fund
10% of the total supply, approximately 20,000,000 KELINCI
10% of the tokens distributed will be used to fund development and team expansion, and will be subject to the same two-year award as the tokens from the Fair Launch Distribution.
4. Warchest funds
5% of the total supply, about 10,000,000 RABBIT.
5% of the tokens distributed are reserved for future strategic spending. In the first month, 250,000 tokens were released for listing, auditing, third party services and partner liquidity fees.

Officially Launched

Leveraged yield farming is launched, farmers can open leveraged yield farm positions and earn RABBIT rewards. When we complete our smart contract audit, we will unlock the leveraged yield farming function, thus completing our round of services. Our current estimate for this is at the end of April 2021 We will make a separate announcement in advance to the community before launching Phase 2
The bonus period lasts approximately one week, once the project officially starts, the Rabbit allocation plan will be updated as follows:

• 40% is distributed to liquidity providers for the RABBIT pool - at PancakeSwap
• 25% distributed to lenders who deposit BNB or BUSD and other tokens into our vaults - prizes will be divided equally among the pool
• 35% distributed to users who open a position to farm the crops - the reward will be calculated based on the loan amount; only leveraged positions (> 1x) will receive the prize

Allocation of Pools

Below is the allocation of points for each pool that determines the prize distributed. Bonus Period
Open the deposit vault & pancakeswap liquidity pool, emission rate: 42 RABBIT / block. It lasts about one week. Tools - RABBIT / block
Deposit Collection ： ibBNB - 2.52 Deposit Collection ： ibBUSD - 2.52 Deposit Collection ： ibUSDT - 2.52 Deposit Collection ： ibUSDC - 2.52 Deposit Collection ： ibDAI - 2.52 Deposit Collection ： ibBTCB - 2.52 Deposit Collection ： ibETH - 2.52 Collection of Deposits ： ibCAKE - 2.52Pancakeswap RABBIT-BNB LP - 21.84.0

Join our community

Related Links

● Rabbit Finance website:  http://rabbitfinance.io/

● Github: https://github.com/RabbitFinanceProtocol

● Twitter: https://twitter.com/FinanceRabbit

● Telegram: https: // t .me / RabbitFinanceEN

● Disputes:  https://discord.gg/tWdtmzXS

● Contract info:  https://app.gitbook.com/@rabbitfinance/s/homepage/resources/contract-information

● Laporan audit: https: // app.gitbook.com/@rabbitfinance/s/homepage/resources/audit-report

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