RiFi DeFi Lending & Borrowing

1. What is RiFi DeFi Lending & Borrowing?
Decentralized Finance lending and borrowing offers the ability to deposit crypto assets into lending pools and earn a yield - this is the lend aspect, and further allows the depositor to leverage that asset as collateral to borrow another cryptocurrency - this is the borrowing aspect.
2. How does it work? 
Users of the protocol must deposit their cryptocurrency into the lending pool in order to leverage those deposited collateral assets to take out a loan. For more details, check it here.
3. Do you have the minimum deposit and withdrawal?
No. The protocol has no minimum deposits or withdrawals.
4. How and where do I see the liquidation ratio for assets?
Please refer to the markets overview https://apps.rikkei.finance/markets to see the liquidation ratio for assets.
5. What is the difference between APR and APY?
Both APR and APY are used to calculate interest. APR reflects the simple interest rate over a year’s time, while APY describes the rate with the effect of compounding or the interest on interest. Both APR and APY may also incorporate any relevant fees, such as loan origination or other processing fees.
6. Where can I find your roadmap?
You can find the roadmap of Rikkei Finance here.
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Last modified 1yr ago