RIFI Lending Mainnet Recap
It’s been exactly 5 days since we went live with our Lending Mainnet. We are happy to share that our protocol launch was a great success. An astonishing milestone and we’re grateful for all the feedback we have been receiving from within the space!
In this blog post, we will do a quick recap of the Mainnet progress, including what has been achieved so far and how it has been performing!
We hit our current market size of $1,440,543.75, meaning it has increased by 27.31%. The supply market has risen by 33.47% with $5,354,386.71 total supply volume, while the total volume of the borrow market was recorded at $3,913,842.95.
In the supply market, the highest APY accounts for 255.1% of the Bitcoin asset. It happens the same to the borrow market while APY for BTC remains highest among others, with the proportion of APY at 350,38%.
As with the development of our mainnet, we want the community to be deeply involved in developing these features. Don’t hesitate to join our mainnet at: https://apps.rikkei.finance/. We expect most of the key ideas and community plans to be rolled out over the next few months. We are incredibly excited about what is to come, both in terms of the growth of the overall Rikkei Finance ecosystem and the RIFI Lending platform.
About Rikkei Finance
Rikkei Finance is a DeFi Protocol, enabling a Safe and Secure Open Lending with core features: Cross-chain support, NFTs lending, and Liquidation coverage. It utilizes blockchain tech that enables cross-chain integration, meaning it can accept digital assets that operate on any blockchain network and render it at an equivalent rate, making them a real-time currency exchange network.
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