The Weekly Report of Rabbit Finance- 21 June
Starting from 31 May, in order to give users a full picture of the weekly development of Rabbit Finance, the Rabbit Finance team decided to start to release the weekly report of the project to the audience every week. As of this Monday, the Rabbit Finance Protocol has continued to operate safely for 28 days. Since its official launch, the Rabbit Financial Protocol has continued to provide community and users with safe, stable, and reliable services, continue to provide lenders with more asset options for depositing tokens and earning interest, and continue to provide more high-yield farming options for farmers.
The progress of this week is listed below，
Abstract
1, Official operation of Boardroom and launch of CARROT the stablecoin
2, Improve the economic model, adjustment of pool allocation, return rate re-balanced and growing
3, Upgrade of front-end details for better user experience
4, Achieved cooperation with INS3.finance in insurance
5, AMA in Rabbit Finance community, to update the latest progress to community
Product Progress
1, Official operation of Boardroom and launch of CARROT the stablecoin, achieved mutual motivation
2, Improve the economic model, adjustment formula of borrowing rate
3, Upgraded multiple front-end details for better user experience, including trading pair link to Pancake, WalletConnnect supported, APR display of “Your Position”
Operation Progress
1, Adjustment of reward allocation, allow farmers to borrow with low interest, which will lower the risk of fluctuation of the borrowing interest.
2, Achieved cooperation with INS3.finance in insurance
3, AMA in Rabbit Finance community, to update the latest progress to the community
Plan of the week
1, Add RABBIT/BNB trading pair, and its support of liquidity mining, rise the weight of RABBIT vault and liquidity pool, achieved return rate re-balanced and growing of users
2, Official launched of 9x leverage farming function
3, According to the farming pool release program, the release of RABBIT will decrease
4, Cooperation with multiple communities
The Rabbit Finance Team
Join Rabbit Finance today：
Website: https://www.rabbitfinance.io/
Telegram English: https://t.me/RabbitFinanceEN
Twitter: https://twitter.com/FinanceRabbit
