π‘οΈRisk Insurance Fund (RIF)
Last updated
Last updated
What is RIF and what is its advantage?
Risk Insurance Fund (RIF) is a separate wallet within the Finance Protocol system.
RIF uses an algorithm that is supported by a portion of the trading fees: 5% of each purchase and 5% of each sale of tokens that are accumulated in the wallet.
Therefore, staking rewards, which are distributed every 1 minute at a rate of 0.0017338%, are backed by the RIF parameter, which ensures a high and stable interest rate for $FP token holders.
RIF ensures holders safety from:
- sudden market crash
- long-term stability and future growth of Finance Protocol
- minimum risk of price reduction