Fellow RightBTC Traders :
In order to expand the ecological construction of the RightBTC blockchain industry, better serve the majority of users, and increase the diversity of users' investment and financial management. RightBTC will launch Defi liquid mining products in the near future, providing users with a "one-click operation, open earning" experience.
RightBTC Defi liquidity mining introduction :
Users can become liquidity providers in the Defi mining section of RightBTC by injecting mining currencies, and enjoy high mining income dividends and other rights.
What is DeFi?
DeFi (Decentralized Finance, decentralized finance) is to provide users with financial services through smart contracts. Existing DeFi projects can provide higher annualized income for specific currencies.
What is RightBTC DeFi mining?
The threshold for users of Defi products is relatively high. RightBTC DeFi mining participates in certain Defi products through proxy users, realizes revenue acquisition and distribution for users, and helps users participate in Defi products with one click.
What are the advantages of DeFi mining?
1. Simple and easy to use: Participating in DeFi mining does not require complicated operations such as managing private keys, obtaining resources, and running transactions. The one-stop service allows users to get rich online rewards without having to have an on-chain wallet.
2. Asset security: RightBTC selects outstanding DeFi projects in the industry and monitors the DeFi system in real time during product operation to reduce project risks.
3. Higher returns: DeFi mining saves users from high resource transaction fees, and provides customers with the greatest return under the same risk through the best method.
How to calculate the profit cycle after participating in Defi mining?
The profit calculation starts from 8:00 am (Hong Kong time) the next day when the lock position is successful, and the minimum interest calculation period is one day; less than one day is not included in the profit distribution statistics.
Mining yield and mining fees
The specific rate of return can only be calculated after the project is launched. Generally, the rate of return is much higher than that of other projects on the market, but the rate of return is dynamic.
During Defi mining, if the on-chain contract is attacked, will the RightBTC bear the loss?
No, RightBTC only serves as a platform for project display, providing users with related services such as proxy asset access to Defi projects and income distribution, and does not bear any losses caused by the security of the contract on the project chain.
How long is the lock-up period for participating in Defi mining?
At present, the lock-up period of common products is 15 days, and T+1 is unlocked to the account. However, as the types of supported products increase, the lock-up period of different products will vary, and the specific product interface information shall prevail.
RightBTC Defi mining is a non-principal-guaranteed income product, so providing funds for the coin-pair pool has certain risks; when adding/removing funds, a certain handling fee is required.
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September 18, 2020
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