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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.
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.
No. The protocol has no minimum deposits or withdrawals.
Please refer to the markets overview https://apps.rikkei.finance/markets to see the liquidation ratio for assets.
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.
Last modified 1yr ago