How to Participate in Rabbit Finance in just 3 Minutes
As an excellent leveraged yield farming on Binance Smart Chain, Rabbit Finance is quite sought-after by DeFi enthusiasts. If you are still not sure how to participate, then this is a must-read article for you.
Rabbit Finance, a cross-chain leveraged lending protocol, allows users to multiply their funds up to 9x, thereby maximizing interest and liquidity farming yields. The purpose of this article is to teach users how to participate in Rabbit Finance.
As a user, you can participate in Rabbit Finance in 2 different ways:
Lender: Rabbit Finance allows you to earn income on your base assets by depositing them into our vaults. These assets will then be offered to yield farmers for leveraging up their positions.
Farmer: As a farmer, you can earn a higher yield by opening a leveraged position on Rabbit Finance. Of course, this comes with bigger risks: liquidation, impermanent loss, etc.
At launch, we support 5 base assets BTCB, ETH, USDT, BNB and BUSD, and integrate our leveraged farming with MDEX and PancakeSwap
The example below shows how each participant works together in the ecosystem:
· Cora, the lender deposits his BNB into our deposit vault; his asset becomes available for a yield farmer to borrow; he earns interest for providing this liquidity.
· Dunn, the yield farmer wants to open a leveraged yield farming position on the BTC/BNB pair; he borrows BNB from the vault and enjoys higher yield farming rewards.
· Rabbit Finance’s smart contract takes care of all the mechanics behind the scenes — optimally switching assets to the right ratio, providing liquidity to the pool, and staking LP for MDEX or PancakeSwap rewards.
Ultimately, you will fall in love with this product!
Join Rabbit Finance today：
Telegram English: https://t.me/RabbitFinanceEN