Do you know 🐰 RabbitFinance.io, yield optimizer on BSC?
Hello HODLers,
This post will be about one DeFi platform I have been using lately called Rabbit Finance on the Binance Smart Chain.
What is it? It is another autocompounding platform that takes your assets or LPs and autocompound them to give you the best APY. It also gives you some extra $RABBIT rewards.
Classic Vaults
They propose some classic vaults with single assets and quite interesting APY as you can see below:
LP Yield Optimizers and leveraged positions
The difference compared to an Autofarm is that it allows you to leverage these LPs to maximize yield.
As in the USDT-BUSD farm example below:
But beware of the risk as you might get liquidated if the moves of the LPs are important and give you impermanent losses.
This Stablecoin farm is leveraged 9x ! This is VERY dangerous but as these are supposed to be stable assets the most used out there, the risk seems some what manageable. Nevertheless, a c.7% move of either asset would trigger a liquidation and as we have seen in the past, this is clearly possible ! So please DYOR and do not leverage too much your positions.
You can adapt the leverage to your risk levels by lowering the multiple.
At the moment RabbitFinance.io is working with PCS and MDEX LPs; I am sure other platforms will be added soon.
Token Price and TVL
The Token price has been very volatile lately as the TVL went from c.100mn to 1.2+bn !
I believe the token has retreated enough to be attractive again. I will do a deeper analysis very soon ;).
Stay safe out there !
Latest Analysis
Posted Using LeoFinance Beta
Making money! Good to see ;) haha
Well at least trying 😂
Posted Using LeoFinance Beta
https://twitter.com/taskmaster4450/status/1415757800995700742
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Yea I think I would avoid this. I hope it goes well for you though if you are playing around with it.
Posted Using LeoFinance Beta
Yes this is risky for any pair but for stable coins in should be manageable !
I leveraged closer to 7x to be able to handle a 10% FUD move
Posted Using LeoFinance Beta
The Binance smart chain is a blockchain that I know little, if you post about it, I will read them all. I want to start understanding more of the BSC
About Axie Infinity. I wanted to start trying it but to start playing you have to buy at least three characters, the least expensive costs around $ 180, which means that to start playing you have to actually start with a large initial expense. this blocked me, i will not start trying the game.
Same here. I feel I have missed the train. I am looking for other fun games on ETH or other block chains with a lower starting cost
Posted Using LeoFinance Beta
are you sure you want to gaming on ETH? I used to play Gods Unchained and never bought or sold a card due to the high transaction fees. However, if you find a fun game on ETH, make a few posts, I will consider playing it too.