Rikkei Finance ($RIFI) is the ultimate lending solution that is scalable and user-friendly. Rikkei Finance is an all-inclusive financial platform that boasts high performance and efficiency. RiFi improves the DeFi lending ecosystem through sustainability, interoperability, diversity, community-centered approach, and its core system.

 The solid vision of the RiFi team from the early stage is to build a lending protocol that prioritizes sustainability. It’s true that recently there are many attacks in various sizes targeting different DeFi protocols on BSC. They exploit multiple weaknesses of the protocols, generally including (1) Bugs in source code, (2) manipulating the token price, and (3) lousy risk management control model. Rikkei Finance applies multiple methods to make lending easy and secure at all stages.

Rikkei Finance employs the multi-kinked interest rate model rather than the traditional linear interest rate model. The strength of the multi-kinked model is that it can handle the stress point of a high utilization rate (Ut). At that point, the borrowing demand significantly increases, and all users borrow at the maximum. As a result, if the market witnesses a significant price correction, it will create a mass liquidation effect, directly reducing the liquidity of the protocol and making the system unsustainable. RiFi’s approach is to increase the interest borrowing rate considerably to minimize risk and limit borrowing at this time.

Rikkei Finance ensures system sustainability through a transparent 5-phase asset selection process, which includes: (1) Data crawling, (2) Filter, (3) Liquidity measurement and Ranking, (4) Analysis and Asset selection, and (5) Asset addition.

Asset data is collected daily through data crawling. The assets are assessed in their ability to meet the minimum criteria in terms of market cap, volume, the ratio of circulated to total supply, and other factors. The assets are filtered into phase 3 for liquidity measurement and ranking. The top-ranking assets would then be further analyzed and entered into the voting section before being officially added to the pool.

The core value of the asset selection process is that assets will be evaluated using a self-developed Liquidity Ranking System, ensuring that only the most liquid assets are allocated to the pool, minimizing the risk of market manipulation.

RiFi applies a high-standard risk management model, which includes strictly monitoring collateral factors; setting limits for one-time withdrawal; freezing the supply/borrow when there is an attack, and employing complex price oracles.

Experienced parties will audit RiFi’s source code. There will soon be a bug bounty program with extremely high value as well.

Rikkei Finance’s founders set a laser-like focus on developing a core product – the lending system rather than a massive ecosystem without any high-quality products. Therefore, RiFi is designed for easy integration into various systems, ranging from financial management platforms, such as cold wallets or gnosis safe, to NFTs marketplace systems and even insurance protocols.

Rikkei Finance will continue to enhance and pioneer in supporting different types of collaterals, BSC assets, multi-chain assets, token-based collateral, and most especially NFTs and LP tokens.

In terms of NFT, Rikkei Finance will partner with other top-tier NFT marketplaces to deliver Peer-to-Peer NFT lending, allowing RiFi to take advantage of the existing user base without spending efforts on educating customers. This Peer-to-Peer NFT lending system also eliminates risks associated with the protocol, especially when a group of users can easily manipulate NFT’s price.

RiFi is a secure system that will be user-centric, enabling users to reap the maximum returns when participating in our protocol.

RiFi’s multi-kinked interest rate model makes borrowing less cost-prohibitive in periods of low utilization rate by lowering the interest rate to increase borrowing demand while maintaining liquidity providing incentives with token rewards.

Additionally, Rikkei Finance will collaborate closely with the insurance protocol to give our users the first-ever liquidation coverage, protecting them against smart contract hacks and asset liquidation.

Rikkei Finance’s solid core team is its secret behind its ability to function. The team is backed by Rikkeisoft, one of the most reputable IT companies in Vietnam. With a pool of 1300+ talents, Rikkeisoft provides financial assistance, workforce and legal support. Rikkei Finance also has secured investments from notable long-term investors, including Signum Capital — the Leading Investor of the project, HyperChain Capital, Kyber Network, PNYX Ventures, X21 Digital, Tomochain, LD Capital, Kernel Ventures, Kyros Ventures, Coin98 Ventures, YBB Foundation Limited, Ark Stream Capital, Inclusion Capital, and Basics Capital. Rikkei Finance is guaranteed to elevate scalability and DeFi lending adoption to a whole new level.

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