Since its launch in 2021, novel DeFi ecosystem Reimagined Finance advances the user experience of “yield farming” and makes it more profitable, even for “degens” with basic skills in crypto.Reimagined Finance is an on-chain protocol that farms yield on its treasury across various smart contracts platforms. Profits are redistributed between “farmers” in Ethers, which is a core native utility asset of Reimagined Finance.
Various strategies of risk management: treasury is rebalanced between low-, medium-, and high-risk farming strategies; Decentralized crypto exchanges Uniswap , PancakeSwap and SushiSwap , and lending protocols Maker, Compound and Aave Finance, and assets minting platform Synthetix are the most popular ecosystems of the ongoing DeFi euphoria.The concept of “yield farming” cannot be compared to anything in the world of traditional finance. As DeFi protocols do not rely on their own money for operations, they need to get them from crypto holders.
Once REFI tokens are bought, Ethers are transferred to the protocol’s treasury. Then, the protocol utilizes these funds to farm yield across different chains in a peer-to-peer manner. Payouts can be redistributed between farmers in either Ethers or REFI tokens. The REFI supply is capped at one billion tokens; to prevent it from ending whale-dominated, the team imposed a 2% limit for every single wallet. In all, the operations of REFI holders are charged with a 12% tax required to fuel the progress of the Reimagined Finance protocol.The team of Reimagined Finance is led by Muhammad Mustadi, an Indonesian blockchain veteran and white-hat hacker, known as Mathrdro.id in the community.
ReimaginedFi Love $refi because of their consistent transparency
ReimaginedFi Very nice, happy to see more people recognizing the potential of $REFI in the FAAS Defi space
ReimaginedFi Excellent write up about $ReFi and the FaaS model. Definitely worth a read and a share.
ReimaginedFi FaaS will make DeFi accesible to everyone. DeFi 3.0 if you will
ReimaginedFi $Refi is being built like nothing else in the space
ReimaginedFi People are taking notice on the new faas and $refi trend …. Best investment for my mind so far (cut out the stress of defi farming)
ReimaginedFi FaaS = Future Defi 3.0 FaaS DeFi30 $Refi DeFi
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Source: CoinDesk - 🏆 291. / 63 Read more »