Rabbit Finance Protocol is built based on the Tokenomy of RABBIT. The governance token RABBIT would be the reward in the whole ecosystem. There are 3 ways to obtain RABBIT reward,
As Liquidity Provider Provide liquidity for RABBIT/BUSD trading pair on MDEX, stake LP to farm RABBIT
As Lender Deposit BNB/BUSD/BTC/ETH/USDT/CAKE/MDX and variety of tokens to get RABBIT reward
As Borrower Farm in 30+ leveraged trading pairs LP pools on MDEX and PancakeSwap to get RABBIT reward
For pool allocation, please check the link below👇
We employ a triple-slope interest rate model to determine the borrowing interest rate with detail below:
Interest = m * utilization + b
Interest rate at min. range
0% - 80%
0 - 10%
80% - 90%
90% - 100%
10 - 60%
Deposit user do not have any principle or trading fee cost, 20% of deposit interest is deducted as deposit reserve, stake the ibToken will be rewarded with RABBIT, 50% of deposit reserve will be used for RABBIT buy back and burn.
Open and close leveraged position is free, no cost besides debt interest. Apart from RABBIT reward, 30% of MDX or CAKE farmed will be used as Auto Compound Reserve, this part has already been deducted from displayed APR. This Reserve will be used 100% for buy back and burn of RABBIT, provide liquidity for CARROT and 3rd party cooperation cost.
In order to ensure high-risk positions are liquidated on time and for asset safty reason, we use liquidation robot to excute liquidation. 5% of the positions liquidated will be paid to the platform as liquidation reward, this part of reserve will be used for buy back and burn of RABBIT.