๐Ÿ›ก
Risk Insurance Fund
To sustain the high APY
RIF is the acronym for the Risk Insurance Fund which is a separate wallet in the CYCLN ecosystem. The RIF uses an algorithm that backs the Rebase Rewards and is supported by a portion of the buy and sell trading fees that accrue in the RIF wallet.
In simple terms, the staking rewards (rebase rewards) which are distributed every 3 seconds at a rate of 0.0000858% are backed by the RIF parameter, thus ensuring a high and stable interest rate to $CYCL token holders.
6% of all trading fees are stored in the Risk Insurance Fund which helps sustain and back the staking rewards provided by the positive rebase.
Earning from the CYCLN app will help support the high reward mechanism after launch

RIF keeps holders safe by:

  • Avoiding flash crash through price stability
  • Achieving longterm sustainability and future growth of the WallStreet Finance Protocol
  • Greatly reducing downside risk
โ€‹
Copy link