What Is Rabbit Finance and How to Earn?

Yielding Mining Protocol Supporting 10 Times Leverage

Rabbit Finance is a leveraged yield farming protocol based on Binance Smart Chain (BSC). It supports users participating in liquidity farming through over-lending plus leverage to get more revenue.

When you have insufficient funds but still want to participate in DeFi liquidity farming, Rabbit Finance can provide up to 10X the leverage to help users obtain the maximum revenue per unit time, and at the same time provide a borrowing pool for users who prefer stable returns to earn profits.

$RABBIT token is a governance token of Rabbit Finance. It will also capture the economic benefits of the protocol.

How to participate in Rabbit Finance and earn? There are 2 different ways:

• Lender

Rabbit Finance allows you to earn income on your base assets by depositing them into our vaults. These assets will then be offered to yield farmers for leveraging up their positions.

• Farmer: 

There are basic staking pools, where you stake your LP tokens to earn.

Besides, as a farmer, you can earn a higher yield by opening a leveraged position on Rabbit Finance. The highest APY is up to 689.3% at the time of writing. Of course, this comes with bigger risks: liquidation, impermanent loss, etc.

At launch, Rabbit Finance supports 5 base assets BTCB, ETH, USDT, BNB and BUSD , and integrates the leveraged farming with MDEX and PancakeSwap.

Since the protocol went live in Apr, Rabbit Finance’s on-chain performance has first experienced a great rise and started to fall after the user/transaction/volume ATH on 24th May.

Can it become the Alpha Homora on Binance Smart Chain (What Is Alpha Homora and How to Use It?)  Keep an eye on its data dashboard and track its performance!

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